
061: Ari Pine – A Scientific Trading Perspective, Process Over Outcome, and The Law of Large Numbers
Chat With Traders
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The Difference Between a Professional and a Retail Trader
Ary: For every trader that you do see that has been successful, there's at least a minimum of 99 bodies behind him or her who never made it. A professional trader is here to make money. That's if it's dumb, then that's how you do it. It's not, i'm going to and you don't have to do it in big size. He says the first thing he teaches his son about trading is arbitrage - can we make money by finding very like things and taking advantage of making money there. The idea meaning really essentially that the idea isn't to come up with a super grade idea, or to have something that's very sexy to look at
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