All posts by Derrick Oldensmith
New eBook: The Ultimate Trading Journal
In this business, success and failure are 100% on an individual’s shoulders. You make all your own choices and decisions, which directly impact whether you win or lose. To become a successful trader, you need to develop expertise through practice and constantly improve yourself. Journaling can help you accelerate your learning curve and become successful […]
Continue Reading -->Derrick Oldensmith Talks Prop Trading on the “Trading Justice” Podcast
Hit the Play Button to Listen to Derrick Oldensmith’s interview on the “Trading Justice” podcast. Derrick discusses: His unique role as a professional prop trader trader, teacher, and mentor Why he started his own trading desk at T3 What makes prop trading different from retail trading The major advantages of prop trading, like access to […]
Continue Reading -->Derrick Oldensmith Interview on “2 Bulls In a China Shop Podcast”
Hit the Play Button to Listen to Derrick Oldensmith’s interview on the “2 Bulls In a China Shop Podcast.” Derrick discusses: What it really takes to succeed as a trader Why this is not a glamorous way to make a living How to learn to trade the right way How he combines fundamental and technical […]
Continue Reading -->Derrick Talks to The Simcast
Derrick recently visited the team at The Simcast to talk about his strategies and mentorship style. He also gives listeners an inside look at what it’s like to start at a prop desk, plus how his background prepared him to become a trader. Check out a recording of the conversation below! Derrick and John will […]
Continue Reading -->Meet Derrick Oldensmith
Derrick Oldensmith is a pro trader and head of T3 Trading Group’s trading desk. And in this in-depth interview on the TIB podcast, you can get to know him. Listen in and learn: What working at 7-11 taught Derrick about money and life How he became interested in the stock market Why he left his sales […]
Continue Reading -->When to Exit a Winner
When your trade is going well, when do you get out? How do you know it’s time to book that profit? The answer depends upon the type of trade that you’re involved in. I categorize trades into two groups: with the trend or against it. Watch the video or read on below. What is a […]
Continue Reading -->How to Think About Moving Averages
Moving Averages are NOT Support or Resistance One of the most common mistakes I see from people who are getting involved in trading is they think moving averages are support or resistance. This is not true. Moving averages are just averages. They’re little squiggly lines in your chart that are composed of the average of […]
Continue Reading -->What is a Short Squeeze?
A short squeeze is forced buying from short sellers who are already in the marketplace. A short seller is someone who is trying to profit from a stock going down. When buying a stock, the worst thing that can ever happen is that you lose 100%… but in short selling, you have unlimited risk. Stock […]
Continue Reading -->Probability in the Stock Market
Finding the risk/reward probability of a trade is simple math. But most people don’t talk about the other side of the formula: probability of success. Probability is very dynamic and not as straightforward as risk/reward. In this video, Derrick will walk you through what he calls the seven “layers of probability” – all of the […]
Continue Reading -->5 Things You Should Know Before You Trade
If you’re just getting started in the trading business, it can all feel overwhelming. There’s a lot to learn, and much of it comes with time and experience. But Derrick Oldensmith has a few tips that he’s discovered over his more than 10 years of trading. Check out the video below to learn the 5 […]
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