045: Jack Litle – Global Macro Trading, the Nature of Probability, and When to Place ‘Big Bets’
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How to Be a Successful Day Trader
At any given time we have what we call themes about the market where we're developing ideas and opinions on what's happening. So for example one of our large trades in 2014 was right around Thanksgiving when news came out that Saudi Arabia was not going to cut production. We realized wow the Saudis are serious they're going to try and drive the price of well down to put shale producers out of business this is going to be really bad for energy stocks, it was a great trade. If you listen to scary ish I'll believe in anything you say really except the lizard man of South Carolina that is some dude in the costume straight out of power Rangers so check out scary anywhere you can find podcasts
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