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How To Be A Successful Proprietary Trader While Playing It Safe

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How To Be A Successful Proprietary Trader While Playing It Safe

Most of you may know Dennis Dick as the co-host of Benzinga’s PreMarket Prep morning show, where he prepares investors for the day ahead. Dennis, a diversified proprietary trading guru who has gone from the trading desk to Quiznos franchise ownership and back, follows a unique and safe trading strategy that has paid off greatly.

Who He Is

Dennis is a highly skilled veteran in the financial space, with around 14 years of proprietary trading experience. He is a proprietary trader and market structure consultant with Bright Trading LLC, where he specifically specializes in pair trading, crutch trading, momentum, contrarian, technical and algorithmic trading.

Dennis’ insights into equity market structure have been cited in a number of financial publications including the Wall Street Journal, Reuters and Dow Jones. He has also discussed market structure on CNBC. Dennis is a regular contributor at CFA magazine, and a member of the Capital Markets Policy Council at the CFA Institute.

Benzinga’s PreMarket Prep airs every morning from 8-9 a.m. ET.

Learn from Dennis Dick and other verified traders in person at the Benzinga Global Trading & Investing Summit June 20 in New York City!

How He Trades

Dennis focuses heavily on a statistical arbitrage strategy—finding and exploiting relationship inefficiencies between stocks and ETFs. He trades stocks against its peers or the ETFs that hold them if there is a misalignment in pricing.

For example, if there is a catalyst causing tech stocks to trade lower but the QQQ—a largely tech ETF where Apple Inc. (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and Amazon (NASDAQ: AMZN) make up 30 percent of the fund—trades higher, he would exploit that inefficiency, either by trading the ETF itself or the other non-tech stocks within it.

Where To See Him

Learn how Dennis spots opportunities on June 20 at Benzinga’s inaugural Global Trading and Investing Summit.

Dennis will be joined by over 20 of the world’s most successful financial minds in an intimate, educational setting demanded by Benzinga readers. Sign up before May 15 to take advantage of "Super Early Bird" tickets.

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