Ex-Market Maker: Algorithms Changed Trading FOREVER... It’s About To Happen AGAIN!

FREE Trading Education - Chart Academy: https://www.chartacademy.com/ 50% OFF Alpha Futures (Code: RIZ): https://app.alpha-futures.com/RIZ 40% OFF Alpha Capital Group (Code: RIZ): https://link.alphacapitalgroup.uk/eq7m8X On this episode of Words of Rizdom, we are joined by Michael Filighera, a former options market maker with 47 years of trading experience, starting on the Pacific Stock Exchange and trading across the US and Europe. Michael breaks down how algorithms have completely changed the financial markets, He also explains why he believes AI will create another major shift in trading, how retail traders need to adapt, and the 3 basic rules he believes matter more than any individual trading strategy. ━━━━━━━━━━━━━━ 30% OFF Lucid Trading (Code: WOR) - https://lucidtrading.com/ref/WOR Up to 50% OFF Tradeify Futures (Code WOR) : - https://tradeify.co/?ref=WOR Up to 50% OFF Tradeify FX (Code WOR) - https://tracking.tradeifyfx.co/click?o=1&a=1108 85% OFF IQ Capital (Code: WOR) - https://www.iqcapital.io/wor 90% OFF Apex Trader Funding (Code: WOR): https://bit.ly/ApexWOR 5% OFF Vest Markets (Code: WOR) - https://next.vestmarkets.com/r/80wordsofrizdom TradeZella (Code: RIZ10 for 10% OFF Monthly or WOR for 20% OFF Yearly): https://refer.tradezella.com/riz BEST Deals on all Prop Firms: https://propfirmtrader.com/ FREE Market Journal Newsletter: https://www.market-journal.com 30% OFF Deepcharts (Code: CF): https://my.deepcharts.com/redirect/pricing?affId=CF 🚀 Join Our FREE Trading Community Discord: https://discord.gg/chartfanatics/ Telegram: https://t.me/pocketsofrizdom ━━━━━━━━━━━━━━ 🎙 Guests: https://www.youtube.com/@UC7KoMJXYd6B9JrgaV6k5QSw 🎙 Host: Words of Rizdom https://youtube.com/@wordsofrizdom https://instagram.com/wordsofrizdom https://twitter.com/wordsofrizdom https://www.instagram.com/realriziqbal ━━━━━━━━━━━━━━ Timestamps: 00:00 Intro 01:40 How Algorithms Took Over The Markets 07:13 Why Options Now Move The Market 11:52 How Algorithms Target Liquidity & Stop Losses 15:03 Risk-On vs Risk-Off Explained 22:45 Why Futures & Stock Traders Need To Understand Options 26:45 How Traders Can Use Algorithmic Levels 29:34 Will AI Replace Retail Traders? 37:04 Why Most Traders Use AI Wrong 40:50 What It Really Takes To Become Profitable 49:08 The 3 Rules Every Trader Needs 51:20 How To Survive Changing Markets 59:36 Handling Large Losses & Drawdowns 01:04:43 The 4:30AM Trading Routine 01:08:18 The Market Doesn't Know You Exist 01:10:12 Why Trading Data Matters ━━━━━━━━━━━━━━ Disclaimer: The content on Words of Rizdom is for informational and educational purposes only and should not be considered financial, investment or trading advice. I am not a licensed financial advisor, and the strategies, opinions, and commentary shared are based on personal experience of the respective guests. We are not personally affiliated with any of the guests featured in our episodes. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom. Trading and Investing involves risk, and you should always do your own research or consult with a qualified financial professional before making any investment decisions. You are solely responsible for your financial decisions. This channel and its creator are not liable for any loss or damage arising from the use of information presented in videos.