32 episodes

Ever wondered what it takes to be a great trader? Information, experience, and savvy - the kind that is accessible and acquirable - and this is the place I'll teach it all to you. I'm Joe Waterman, and welcome to the Market Maker's Club, powered by the Hudson Board of Trade. My badge at the Chicago Board of Trade was TOT, where i was a 15 year member, and this podcast will introduce you to the profession of Market Making and the magic of floor trading. If you have ever dreamed of being a player in the high-stakes, fast moving, big reward world of a Wall Street Trader, then welcome to the Club. The Market Maker's Club has a mission to translate everyday stock ideas into serious derivative strategies. Past brokers, the biggest traders, and some of my favorite mentors will be along for the fun; sharing old stories, dropping wisdom, and giving you the tools, tricks and information you need to be a success in the market. So come inside and join our club - the Market Maker's Club - and you can be a part of the action, on the ride of a lifetime.

Market Maker's Club Joe Waterman

    • Business

Ever wondered what it takes to be a great trader? Information, experience, and savvy - the kind that is accessible and acquirable - and this is the place I'll teach it all to you. I'm Joe Waterman, and welcome to the Market Maker's Club, powered by the Hudson Board of Trade. My badge at the Chicago Board of Trade was TOT, where i was a 15 year member, and this podcast will introduce you to the profession of Market Making and the magic of floor trading. If you have ever dreamed of being a player in the high-stakes, fast moving, big reward world of a Wall Street Trader, then welcome to the Club. The Market Maker's Club has a mission to translate everyday stock ideas into serious derivative strategies. Past brokers, the biggest traders, and some of my favorite mentors will be along for the fun; sharing old stories, dropping wisdom, and giving you the tools, tricks and information you need to be a success in the market. So come inside and join our club - the Market Maker's Club - and you can be a part of the action, on the ride of a lifetime.

    Ep. 31 - There's Never Just One Cockroach

    Ep. 31 - There's Never Just One Cockroach

    Iris is the social media site for traders, Nancy Pelosi's husband, and his clout in the trading space. Feds are struggling - under investigation and losing 2 important elements. Apple, Tesla, and Disney are the focus this week. Where is Apple trading today and how far has it come since December of 2020. Tracking big traders' habits, in the money and out of the money. Getting the info 30 days late but looking in hindsight to create that strategy moving forward. Daytrading vs. Options Trading and how information needs to be looked at differently within each strategy. Joe has been light in trading over the past couple of weeks - when there are feds resigning and things are up in the air, how to know when to move and when to keep your hands in your pockets. Keeping an eye out for loopholes, corruption, and removing emotion to just use it as information that you can use in your trades. TD Ameritrade 'Think or Swim' preferred by Joe and risks of Audit through Coinbase - even if you don't use it for trading. Joe tells JL his personal Audit story from 2020 and dissects the details.

    • 22 min
    Ep. 30 - Benefits of a Blank Slate

    Ep. 30 - Benefits of a Blank Slate

    This week, Joe, Rick and JL talk through a little bit of traffic stop law, sports, and options trading for beginners. Ways to use a mock trading account to build your confidence and shift your perspective helping you to look for trade ideas in everyday life, Turning opinions into profits and how being vulnerable enough to share the losses as openly as you share the wins can help the options trading community as a whole.

    • 45 min
    Ep. 29 - Timing Your Trade

    Ep. 29 - Timing Your Trade

    Rick returns to the Club to join Joe and JL for an AMC prediction to double in 3 months - Call spread walk-through, 5 point vertical spread, and $1500 max payout from a .63 investment. Betting against the world and getting it wrong, waiting for the perfect bet to hit and when volatility can play in your favor.

    How disruption can breed uncertainty, the market doesn't care about the hottest topics in our country right now, and why it's important to separate personal opinion from the trading strategy. Sports talk, betting options, and how to scope out the odds that are in our favor!

    • 53 min
    Ep. 28 - How To Be Smarter Than Your Friends

    Ep. 28 - How To Be Smarter Than Your Friends

    From heated topics surrounding politics, mandates, and conspiracies to Sunday night football, long-term capital gains, and video games, The Market Maker's Club has a topic for everyone. Joe and JL dive deep into opinions, options and using our opinions to trade options. Is the United States on the road to becoming like the CCP, are drug companies really profit led with ulterior motives behind the drugs they manufacture and who is in on this ploy? Join the conversation and DM us on Instagram to let us know your opinions and what companies we should start looking at for news to put together a call spread.

    • 44 min
    Ep. 27 - Banana Republic

    Ep. 27 - Banana Republic

    Rick aka "Uncle Gus", joins Joe and JL once again to kick off the show with some current events happening in Afghanistan. This tragedy has lead Joe to believe, without making light of the situation, that there will be a lack of people investing in the Market. One strategy leading Joe's options goal is to make small bets that have a high probability of happening. All time record high S&P and Nasdaq record high over the weekend, negotiating with terrorists and how Banana Republic our country has become. Are we a country that expects the best setting ourselves up for failure while the rest of the world expects the worst leaving them more satisfied with their lives because of it? Tune in for the inside details on how a seasoned trader uses all of this and more!

    • 48 min
    Ep. 26 - Utopian Mirage

    Ep. 26 - Utopian Mirage

    Joe and JL are joined by the host of Problem Solved, Silent Lee. Jumping into call spreads below the money, what the terms are for trading in this situation and how to navigate the different variables. Robinhood back in the conversation, DraftKings and Geopolitically influenced this week's put spreads. When to cut your losses if you're timing a sell off, how expensive you should allow your bet to get and protecting your portfolio. Trying to catch a rotation from technology to steel in a 52 week spread, breaking down the percentage of return, and how to create balance in your life as a trader. The benefits of a small Delta option, marker's in the Middle East and Geopolitical predictions that could influence our next trap.

    • 51 min

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