In the fast-paced realm of trading, the convergence of technology and finance has given rise to groundbreaking solutions that empower traders with unprecedented insights. One such pioneering platform that recently launched is BigShort.com, under the leadership of its CEO and founder Tae-Hwan Jo. With a wealth of experience spanning more than two decades as a day trader, Tae-Hwan recognized the need for a more efficient, visual, and informed trading experience. Today we have the opportunity to sit down with Tae-Hwan to delve into his background, the inception of BigShort.com and how it’s poised to redefine the world of trading as we currently know it.
Q1: Tae-Hwan, could you share a bit about what inspired you to start BigShort.com?
Tae-Hwan Jo: Absolutely. Trading is great but candidly I don't like being glued to the screen every day, which is why over the past couple of years I've been moving most of my money into more passive investments such as commercial real estate. Collecting rent and subscription revenue sounds much better to me than having to get up before the sun rises. BigShort.com is a part of a strategic shift not only towards passive income but to empower other retail traders with better technology to make more informed trades.
Q2: The financial markets are renowned for their complex nature. What were some of the challenges or obstacles you’ve faced over the years (either in day trading or with your business), and how have you overcome them?
Tae-Hwan Jo: Trading can be quite stressful, it's never a fun feeling to lose massive amounts of money in a single day, and before creating BigShort.com I had an experience quite common to traders. Oftentimes when I bought a stock, it went down until I sold, after which it would immediately go back up. And when I shorted a stock, I would get squeezed out of my position only to watch it plummet after I capitulated. It was frustrating until I realized that this is not bad luck, it's an actual feature designed into the market, not unlike how casino games are designed to take money from their patrons. I overcame this obstacle by replacing my assumptions about how markets work with a real understanding of what goes on behind the scenes, and creating software that uncovers intentionally obfuscated information. The algorithm offers users a five-minute preview of market maker actions, which ultimately helps traders get ahead of big breakouts and reversals in price because the market moves in milliseconds.
Q3: Tell us more about BigShort.com. How does the platform work?
Tae-Hwan Jo: BigShort.com is the next generation of stock charting software that allows users to gain insights into the actions of market makers. While other stock charts focus on providing an endless array of lagging indicators, our charts visualize actionable information such as dark pools, option sweeps, and market maker manipulation directly on the candlestick chart, streamed in real-time. No other charting software does this. Our proprietary manipulation algorithm analyzes millions of data points per second to generate predictive signals on the future direction of every NYSE and Nasdaq listed stock, whereas other charting software doesn't acknowledge the existence of market makers and their enormous effect on the stock prices.
Q4: What sets BigShort.com apart from other trading tools?
Tae-Hwan Jo: BigShort.com is a game changer for traders. We are different because we are the only charting software that provides insight into the degree to which prices are manipulated, or what I call "fake prices". There's no such thing as a fake price for any individual transaction, but when you define price as the equilibrium between supply and demand rather than as the amount of currency at which an instrument changed hands in a transaction, you'll quickly discover that fake prices are prevalent in any market where market makers hold power.
Q5: In closing, are there any key messages or advice you'd like to share with aspiring traders or those considering using BigShort.com?
Tae-Hwan Jo: Yes! Throw your preconceptions about the markets out the window, it’s like a casino. If you’re wondering how to become a winning trader consider the following – aim to apply critical thinking skills each day, remain intellectually curious, find a niche, and arm yourself with the right technology to help you analyze market data in real time. At the end of the day, BigShort.com is a one-of-a-kind revolutionary product that empowers retail traders to make more informed trades while avoiding exploitation by industry whales.
In a world where trading is increasingly complex and fast-paced, BigShort.com stands as a beacon of transparency and empowerment for traders. With Tae-Hwan’s vision and disruptive tech, this powerful data visualization platform is set to redefine how traders navigate financial markets, armed with real-time insights and a deeper understanding of market dynamics.
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