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All posts by Derrick Oldensmith

Derrick Talks to The Simcast

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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 […]

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Meet Derrick Oldensmith

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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 […]

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When to Exit a Winner

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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 […]

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How to Think About Moving Averages

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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 […]

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What is a Short Squeeze?

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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 […]

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Probability in the Stock Market

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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 […]

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5 Things You Should Know Before You Trade

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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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Bad News vs. Strong Technicals

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In this special training session, professional prop trader Derrick Oldensmith shares: Where the market could go from here Why the market is ignoring bad news What is keeping stocks so strong How he identifies a powerful market trend

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Prop Trader Market Update: June 23, 2020

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This market update is brought to you by our new Pro Trader Boot Camp. In this video, pro trader Derrick Oldensmith shares how he’s been navigating the market chaos: Derrick explains: How he turned a losing short trade into a winner How he uses trade and money management in challenging market conditions The basics of […]

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Prop Trader Market Update: June 16, 2020

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This market update is brought to you by our new Pro Trader Boot Camp. In this video, pro trader Derrick Oldensmith shares how he’s been navigating the market chaos:  Derrick explains: Why he prefers a volatile or directional market How he spots short covering rallies How he uses “fund positioning” to spot big market […]

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