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Is Prop Trading Right For You?

Find Out With This FREE eBook

Derrick Oldensmith is a Senior Trader and Managing Supervisor and VP of Trading and Education for T3 Live, LLC.

Derrick became a pro trader in 2008, and joined T3 Trading Group as an equity trader in 2011.

He has been running the company’s New York City trading desk since 2013.

Derrick has developed and mentored over 100 of T3’s entry level traders, and currently manages a group of more than 70 pro traders.

His approach integrates day trading, swing trading, and portfolio management with a unique, top-down perspective to the markets.

Derrick is also a fourth-degree black belt in karate, and an active martial arts instructor. He is a former two-time World Kickboxing Association champion, earning titles in two different weight classes.

About Derrick Oldensmith

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What You'll Learn


Scott Redler, Daniel Darrow, Derrick Oldensmith, and Patrick Hawe are associated members of T3 Trading Group, LLC (“T3TG”), a SEC registered Broker-Dealer & Member of FINRA SIPC. All trades made by Scott, Daniel, Derrick, and Patrick are placed through T3TG.

T3 Live, LLC is a financial publisher that disseminates information about economic, business, and capital markets issues through various media. T3 Live is not a Broker-Dealer, an Investment Adviser, or any other type of business subject to regulation by the SEC, CFTC, state securities regulators or any “self-regulatory organization” (such as FINRA). Although T3 Live and T3 Trading Group, LLC are affiliated companies by virtue of common ownership, the companies are managed separately and engage in different businesses.

The programs that T3 Live distributes (including the “Virtual Trading Floor,” articles, commentary, videos, blogs and social media postings) are for informational and educational purposes only. No one should consider the information disseminated by T3 Live to be personalized investment advice, a recommendation to buy, sell or hold any investment, an offer (or a solicitation of an offer) to buy or sell any investment, or the provision of any other kind of advice that would require T3 Live to register as a broker-dealer, investment adviser or similar entity. No one associated with T3 Live is authorized to make any representation to the contrary.

T3 Live provides information that viewers of its programs may consider in making their own investment decisions. However, any viewer will be responsible for considering such information carefully and evaluating how it might relate to that viewer’s own decision to buy, sell or hold any investment. Such decisions must be based on that viewer’s individual and independent evaluation of his or her financial circumstances, investment objectives, risk tolerance, liquidity needs, family commitments and other factors, not in reliance on any information obtained from T3 Live.

Statements by any person (whether identified as associated with T3 Live, T3 Trading Group, or any other entity) represent the opinions of that person only and do not necessarily reflect the opinions of T3 Live or any other person associated with T3 Live.

It is possible that any individual providing information or expressing an opinion on any T3 Live program may hold an investment position (or may be contemplating holding an investment position) that is inconsistent with the information provided or the opinion being expressed. This may reflect the financial or other circumstances of the individual or it may reflect some other consideration. Viewers of T3 Live programs should take this into account when evaluating the information provided or the opinion being expressed.

Although T3 Live strives to provide accurate and reliable information from sources that it believes to be reliable, T3 Live makes no guarantees as to the accuracy, completeness, timeliness, or correctness of any such information. T3 Live makes no guarantee or promise of any kind, express or implied, that anyone will profit from or avoid losses from using information disseminated through T3 Live.

All investments are subject to risk of loss, which you should consider in making any investment decisions. Viewers of T3 Live programs should consult with their financial advisors, attorneys, accountants or other qualified professionals prior to making any investment decision.

The risk of loss in trading options can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in options trading may benefit you as well as conversely lead to large losses beyond your initial investment. Past results are not indicative of future results. No representation is being made that any account will or is likely to achieve profits similar to those shown.

T3 Trading Group, LLC is a Registered SEC Broker-Dealer and Member of FINRA SIPC. All trading conducted by contributors associated with T3 Trading Group, LLC on the Virtual Trading Floor is done through T3 Trading Group, LLC. For more information on T3 Trading Group, LLC please visit

As you may know, T3 Live is affiliated with T3 Trading Group, LLC, one of America's largest prop trading firms. 

In fact, T3L contributors Derrick Oldensmith, Scott Redler, and Daniel Darrow are prop traders with T3TG.

There are clear advantages to going prop, -- but they do not apply to everyone.

Download Derrick's FREE eBook and learn about:

  • The unique advantages of prop trading
  • Where "free" brokers fit into the industry
  • The importance of buying power and direct market access 
  • The type of person that should NOT become a prop trader
  • The advantages of joining T3 Trading Group
  • 10 questions you should ask EVERY prop trading firm you speak with

Derrick is a Senior Trader for T3 Trading Group and runs T3's New York City trading desk.

Grab this eBook and within 10 minutes, you'll have an idea of whether prop trading makes sense for you.