031: Luke Cummings – Low-Correlation Equities Trading; How to Avoid Being Tied to the Market
Chat With Traders
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The Loophole in Capital Raising
We used credit cards to get access to discounted securities. We sometimes were make near five, ten nd 15 % a month from some of these trades pretty consistently. The strategy we were running and the extent to which we scaled it amongst our clients, probably was what at least partially contributed to the subsequent rule change about that. But i think, if you use a baseball analogy, sometimes a base or a double is is better than he home run. If you can get that base het or the double, you know, more frequently than you would get the home run. It's just better to take the fat, easy part of profit out of a trade without a lot of risk'
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