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072: Rob (@DiscoveryTrader) – Why risk management is king, and why gambling isn't such a dirty word
Chat With Traders
English - May 11, 2016 23:36 - 1 hour - 99.9 MB - ★★★★★ - 1.9K ratingsInvesting Business Education interviews investing money stocks trading bitcoin daytrading finance forex futures Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
This weeks guest preferred to remain somewhat anonymous, although his name is Rob – others know him as RG, and he’s a part of Discovery Trading Group.
Rob is an active futures traders and is what most people would call a pure scalper, but he refers to himself as a “street level gambler with an appetite for risk”. Either way, he is very short-term and often just trading for a couple ticks at a time. So that’s one side of what he does, the other side, Rob is also involved in a quantitative research firm which trades a whole range of strategies, over various timeframes, in many different markets.
Over the next 60 minutes; you’ll hear about Rob’s early years of trading during the 80’s, and how he’s developed into the trader he is today. Rob also drives home the importance of risk management, shares a few gambling analogies, and talks about the benefit of interacting with other traders on a regular basis.
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