Todd “Bubba” Horwitz has enjoyed a successful career in the financial industry, which he began in 1980, as one of the original market makers in the OEX Trading Pit at the Chicago Board of Options Exchange. In addition to his career as a skilled trader and investor, Bubba has spent the last decade as a mentor and educator to traders of all levels.  As the founder and Chief Strategist of BubbaTrading.com, he manages the development and distribution of market content, product development and trade ideas.  In this episode of How To Trade It, Bubba shoots straight from the hip with practical  advice on learning to trade correctly, so you can trade in absolutely ANY market conditions.  You don’t want to miss it!

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You’ll want to hear this episode, if you are interested in…

• [00:40] Advice for new traders
• [02:32] A strategy for everything
• [09:56] The Blow Off Pattern
• [14:57] Trading either side of the market

Listen up new traders!
The first thing I teach new traders is to be patient and disciplined. You have to wait for your trades, you can’t force them. When you try to force it, you will end up losing money. Traders, especially new ones, tend to think that if they are in front of a machine, a trade must be made. Not so! If the price action you are seeing isn’t conducive to the trade you are trying to set up, then you can’t make money. Why put yourself in that position?

We start trading at 9 am
Even though the U.S. Market doesn’t open until 9:30 am Eastern time, for the first 30 minutes of our trading room each day, we trade EURO currency, Gold, Crude Oil, and bonds, since those are already open. The U.S. Market still trades the heaviest volume during what were the original pit hours. If you ever watch, every morning around 9:30 am, no matter what the volume was overnight, there’s a huge spike in volume.

The Blow Off Pattern
We trade this pattern when there is a big news event, such as a “Jobs” announcement. The market becomes completely irrational. You get a gigantic spike in volume and also in price, either up or down.  Those two things together create an opportunity.  

Resources & People Mentioned   

• Monday Night Strategy Call - email Bubba for access

Connect with Todd “Bubba” Horwitz

• Website:        http://bubbatrading.com   
• YouTube:       https://www.youtube.com/c/BubbaTrading
• Twitter:           https://twitter.com/Bubba_Trading
• LinkedIn:       https://www.linkedin.com/in/bubbashow/

Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.

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