150: Aaron Brown, Pt. 2 – A Lesson in Risk Taking—with the Former Risk Manager of a $200B Fund
Chat With Traders
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How Much Does It Make if You're Wrong?
A trader has to internalize that they might be right, and when is it they might be wrong. If you haven't even thought of that, if you just thought of one scenaria, there's nothing to risk manager for you. There are some people who can think of three or four or five scenarios at the same time. But that's pretty rare, and i don't know how useful it is. You know, if you really have two good scenarios, and, you know, you plan a trade works for those, you're going to do most of the work that you need to do to make good risk decisions in trading.
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