Morning trading strategy focused on relative weakness and market reversals
Dmitry Balyasny · Dmitry Balyasny – Multi-Strategy Platform at BAM (EP.341) · Oct 2, 2023 · at 11:03
Dmitry Balyasny, founder and CIO of Balyasny Asset Management (BAM), describes his early prop trading playbook and daily routine to Ted Seides.
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“In the morning, a lot of times, you look for reversal trades, where the market would open up, and you look for stocks that weren't trading well versus the market, and they were showing relative weakness versus the market, and industries that were showing relative weakness versus the market, and you learn how to spot those early. They might be up because the overall tape was up, And you had short opportunities, and then as the market would settle in and sometimes would reverse, those would really significantly outperform, and you try to spot those within the first 15 or 30 minutes of the day and try to capture those sentiment swings.”
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