Profitable Trading with Education and Discipline | Walter Lesicar | Pro Trader Webinar
Channel: Bookmap
Date: 2018-11-06

Walter explained how important it is to know what an auction is and how it applies to an Order Book.
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Walter’s belief is that “trading is not a game of chance.” When he first began trading 10 years ago, he used traditional technical analysis. But his trading was not successful using these methods, and he soon quit. Years later, he visited a professional trading firm and saw traders using order book analysis to make profitable trades. This convinced him to try his hand at trading once again.

Walter originally used Jigsaw Trader to analyze order book flow. But when he discovered Bookmap, he found that it was much easier to use and understand. Because of a habit, he still configures his DOM in Bookmap like Jigsaw Trader. 

“If a person wants to trade well, he needs to understand that the market is an auction.” 

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Disclaimer:  
Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past Performance is not necessarily indicative of future results.