Chapter 9
The Great
Adapter
Tyrone Ball
One of the most remarkable aspects of Tyrone Ball’s story is his
uncanny ability to adapt and succeed in some of the most treacher-
ous market environments in recent history. Trading Nasdaq stocks
almost exclusively, Tyrone has been able to navigate and prosper
through a variety of changes in the market, including the vicious
bear market decline in the early 2000s and the introduction of
decimalization, which compressed bid/ask spreads and destroyed
many profitable trading strategies. While the vast majority of his
colleagues have fallen by the wayside, Tyrone has found new ways
to extract profits from the market. Although his trading methods
remain relatively simple, his flexibility and refusal to be satisfied
with the status quo make Tyrone one of the most consistent and
successful retail traders we’ve interviewed. He talked to us from
his home office in Illinois.