5 Common Misconceptions About Market Profile
I was in junior high school the first time I was introduced to Market Profile. My Dad was a grain trader and the hedge manager for Ralston Purina, a huge manufacturer of animal feeds, not to mention the creators of Chex cereals and Rye Crisp crackers. He spoke of a friend, Peter Steidlmayer, who was devising a different way to look at markets. “Any interest in this, son?” Off I went on my skateboard as trading was not on my list of priorities, yet.
Years later, struggling to learn to trade, I was reintroduced to Market Profile by a friend and fellow trader who was realizing some success. He handed me his book about the Profile and told me, “Read the first hundred pages, it will change everything for you.”
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