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On this episode of the Words of Rizdom podcast we are joined by The Einstein of Wall Street also known as Peter Tuchman. Peter has been an institutional trader for over 30 years on the NYSE floor. He worked his way up from just a temporary job on the floor to becoming the most famous and well known trader on the New York Stock Exchange. He shares with us the history of the NYSE and the evolution of trading in the pits to electronic trading. He highlights the key differences between winning traders & those who lose. Plus so much more from his decades of experience. We know you will LOVE this episode, enjoy!
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Connect with Words of Rizdom:
https://instagram.com/wordsofrizdom
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Connect with our guest:
https://www.instagram.com/einsteinofwallst
https://x.com/einsteinowallst
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Timestamps:
00:00:00 Peter Tuchman: The Einstein of Wall Street
00:07:49 The History of the New York Stock Exchange
00:11:40 Starting a Career in Trading: Teletypist to Broker
00:15:25 Evolution of the Trading Floor: From Brokers to Technology
00:19:12 The Rise of New Traders During the Pandemic
00:23:02 Adaptation and Challenges in Modern Trading
00:27:20 Historical Market Crises and Opportunities
00:31:14 Understanding Market Dynamics and the Role of Market Makers
00:34:50 Transitioning from Paper to Handheld Technologies
00:38:46 Debates on Trading Styles: Technical vs. Fundamental Analysis
00:42:28 Day Trading Essentials: Becoming Profitable
00:46:22 Mastering Technical Analysis for Trading Success
00:50:30 Managing Trading Losses and Emotions
00:54:45 Lessons from Historical Market Crashes
00:58:31 Lessons from the Dot-Com Bubble and Yahoo's Rise and Fall
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Disclaimer:
The content on Words of Rizdom is for informational and educational purposes only. We are not personally affiliated with any of the guests featured in our episodes. Our role is solely to interview them and share their insights, experiences, and expertise. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom. Always carry out your own research and seek professional advice before making decisions based on the content shared.
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