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Peter Michael Tuchman (born 1957) is a stock trader on the floor of the New York Stock Exchange (NYSE).He is known to be as "Einstein of Wall Street" due to his hairstyle, and has been called the "most photographed trader on Wall Street," typically featured in reaction shots to particularly volatile trading days.
Trader Peter Tuchman works on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell on June 21, 2019, in New York City. (Drew Angerer/Getty Images) (Drew Angerer via Getty Images)
In the below Opening Bid episode, longtime NYSE floor trader Peter Tuchman shares his top advice to his fellow trading community. One reminder: Trading isn't a game.
Stock trader Peter Tuchman works on the floor of the New York Stock Exchange during afternoon trading on August 29, 2022, in New York City. (Michael M. Santiago/Getty Images) (Michael M. Santiago ...
Price action trading is about reading what the market is doing, so you can deploy the right trading strategy to reap the maximum benefits. In simple words, price action is a trading technique in which a trader reads the market and makes subjective trading decisions based on the price movements, rather than relying on technical indicators or other factors.
The trading strategy is developed by the following methods: Automated trading; by programming or by visual development. Trading Plan Creation; by creating a detailed and defined set of rules that guide the trader into and through the trading process with entry and exit techniques clearly outlined and risk, reward parameters established from the outset.