My first guest is ex-proprietary day trader Peter To, who now trades independently. I first found Peter through the Chat With Traders podcast and his amazing blog which can be found at ptotrading.blogspot.com.

In this podcast we talk about:

• A recent study which asserts that consistent day trading profits are near-impossible.
• Trading with "the world's worst prop firm" during Hurricane Sandy
• Peter's thoughts on high-frequency trading's affect on the markets he trades
• Why 1990s prop trading was the golden era of trading.
• How traders can develop techniques outside of 'vanilla' technical trading strategies
• Is shorting parabolic penny stocks a 'crowded trade?'
• Modelling market behavior to refine your trading edge
• How Twitter has become a digital prop desk
• Updates on two trades Peter has blogged about

Links mentioned:

• Day Trading for a Living Study?
• Peter's blog
• Peter's twitter
• Peter's CETC Trade: Being stuck short a stock and still being charge borrow fees
• Peter's great post on why he thought buying the dip in the S&P in December 2018 was a home-run trade
• Peter's interview with Chat With Traders
• Peter's favorite trading book: Dark Pools - The Rise of Machine Traders and the Rigging of the US Stock Market

 Investment disclaimer