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How One Trader Found Big Success Using Market Profile
Specs: 30 mins, 15 secs | 13.9 MB
  Market profile has become a hot topic again. Lots of traders are looking for information on how to use market condition profiles to find good trades. Our interviewee here has been a trader for over 25 years and settled on market profile long ago as the only statistically proven trading method. In fact, he thinks most day traders who use other methods are downright crazy. We talk about how he uses market profile and why it has been so successful for him. Tom Alexander is a patient trader, waiting for trades that present the right risk / reward ratio before pulling the trigger. A terrific profile of a successful trader using market profile exclusively.

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How One Trader Found Big Success Using Market Profile


TraderInterviews.com: Hello everybody and welcome back to TraderInterviews.com. Thanks, as always, for joining me for another conversation with a trader today. We're going to be speaking with Tom Alexander. He's got a ton of experience in terms of trading in the markets many, many years. We're going to talk to him about his approach to the markets and how he's kind of refined his trading process over the years to come to where he's at today. So, Tom, thanks very much for joining me on the phone today.

Tom Alexander: Hi, it's a pleasure.

TraderInterviews.com: How would you describe yourself as a trader? What type of trader are you?

Tom Alexander: My trading has evolved. I've been trading for 25 years and all of that time I have traded in front of a screen, which sort of makes me a little bit unique. I may have more hours in front of a screen than anyone in the past 25 years. That's not necessarily a good thing, but that's the way it is. When I first started trading, you were really handicapped because the entire world went through the floor, and that's certainly not the case now. The floor is a much smaller piece of a much, much, much bigger puzzle than the trading world and that's been around for a couple of decades. I knew it to be back in the '80s or before.

TraderInterviews.com: Well, that's interesting because I only asked you that because everybody hears that the floor traders have all the advantages, they're the ones who really know what's going on, so even back then did you feel like you were coming at it from a disadvantage?

Tom Alexander: Yeah. You definitely were coming at it from a disadvantage prior to electronic trading, but there's no question about it because the order flow went through. If you had size to do it, it had to go to the floor and it went through the floor before electronic markets...

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