262: 23 Year Veteran on Market Making, Arbitrage & Other "Strong Edge" Trading Strategies

David Hale is a seasoned trader with an impressive 23-year track record in the financial markets. Author of "[Reminiscences of a Day Trader](https://www.amazon.com/Cash-Rules-Reminiscences-Day-Trader/dp/B0C2SY679H?tag=52 Full episode + show notes: https://tradingnut.com/david-hale/ Key moments - [08:48] The key is to have the right strategy. Be ready for it [volatility]. And when it hits, you have to step and really go for it. - [12:08] You’re a trader, so the goal is to find the edge. - [12:16] The goal is to find these markets that are inefficient, that there’s a lot of volatility and then look for arbitrage on those markets. - [14:28] You got to find the arbitrage and then you got to be fast in executing it. - [18:16] When you’re looking for edge, there’s really not a better strategy than market making. - [25:01] You don’t have to win all the time. You just have to be consistently punching out of the losers. - [25:24] Get your education as cheap as possible. - [25:50] If you don’t have that discipline and you can’t develop that habit, you have no chance. - [35:14] It’s good to know where the edge is but then you have to develop your strategy. - [46:38] If you’re trading without a strategy with edge, that’s not trading, that is gambling. Watch: https://www.youtube.com/watch?v=jNunYRgy050 --- Sponsors BlackBull Markets - 100% deposit bonus & free TradingView — NZ-regulated broker. https://tradingnut.com/go/blackbull/ PropFirmMatch - Find the right prop firm challenge — PropFirmMatch.com https://tradingnut.com/go/pfm/ --- More from Trading Nut Strategy Vault - Free guest setups organised by market & method. https://tradingnut.com/go/vault/ TraderZen - Free trade control & mindset app for active traders. https://tradingnut.com/go/traderzen/ Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup. https://tradingnut.com/go/dtc/ --- Educational only - not financial advice. Risk: https://tradingnut.com/disclaimers/ Some links are affiliate partnerships.