Review: Getting Started as a Market Making Day Trader
Rating: 5 out of 5
Date: 05 17, 2014
Market Making is a trading strategy used by Day Traders to make profits by turning over small amounts of stock throughout the day.  Market Makers are broker firms that take the risk of holding a certain number of shares of a certain asset in order to facilitate trading.  Market Makers compete for customers by displaying Buy & Sell quotes for a guaranteed number of shares.  When an order is received it is sold from the Makers inventory.  This strategy used to be reserved for exchange firms but with the advent of electronic trading and rule changes it is now widely used by Day Traders.  Market Makers must utilize technology, proper risk management and most importantly have an effective trading strategy to be successful.  Young does an excellent job illustrating how to be a successful Market Maker.  An excellent read, I highly recommend.