4min chapter

Chat With Traders cover image

253: Patrick Boyle - Lessons from Financial History and False Expectations in the Markets

Chat With Traders

CHAPTER

The Worst Day of Trading

My biggest loss was a bit of an interesting one. I don't know if it was biggest percentage wise, but the worst day of trading I ever had was the day of Jerome Curviel. It was right before the credit crunch and we had been in an awfully low vol market. The S&Ps used to back then, they'd have a daily range of four points. And fortunately that big volatility explosion led me to adjust size, adjusting risk management.

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