Wil brings up valid points about traditional trader education pitfalls. Finding and developing edge - actual, real edge - is really dependent on the individual trader's goals, risk appetite and profile, time horizons, and other variables. Has nothing to do with indicator crossovers or overbought oversold conditions. Would have been nice to hear more about how newer CME traders Wil observed during his time there, found or developed edge and what that process looked like from a fly on the wall on the inside. Thanks Ian and Wil.

Thanks for another interesting guest

I liked the insights of the podcast, Thanks for bringing such a wonderful guest.

Great interview!

Good General Big Picture / Fundamental Analysis Quantitive / Technical Analysis

45:30 Classic dk move - you btd at 30, it goes down to 20, so you buy the 2nd dip and so on. My solution? Btb (buy the breakout to the downside using inverse etf), managed via some breakout strategy. In both cases whipsaw/cascading dk moves will slipage you raw. Finally, A breakout is perceptually indistinguishable from a massive dk move. (Arthur C. Clarke) lol

niiice ! ty

Informative.

we miss you aron

I've backtested with vix and price action as priors but wasn't impressed. I suspect there are even better priors, namely, retail account balances, margin %, daytrader rule states (

I am second.

did he ever answer the gold question satisfactorily?

@beforeyourimmigrants8471

3 ай бұрын

He spent a while answering the initial question and the follow-up questions

@chris0000924

3 ай бұрын

No and intentionally was vague about it

Great new perspective. The gold conspiracy theorists must not trade futures there is tiny volume and no liquidity on physically settled contracts. They must be applying the cash settled open interest to the real world. BTW stop losses are for people that don't know how to use option or manage position size. Why would you ever let 1 random price in time effect your action. Stop losses maker brokers rich