Market Wizard EXPOSES The 6 Biggest Trading Myths | John Netto
Words of Rizdom
Intro
This chapter explores optimal trading strategies that balance risk and reward by utilizing the concepts of endogenous and exogenous alpha. The speaker dispels common trading myths and highlights the importance of skillful management over reckless risk-taking for achieving higher returns.
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Connect with our guests:
https://x.com/johnnetto
https://Theproteantrader.com
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On this episode of the Words of Rizdom podcast we are joined by John Netto. John is the author of The Global Macro Edge and is featured in Jack Scwager's Unknown Market Wizards. John's impressive career saw him serve in the US marines where he formed an impenetrable level of discipline before becoming a trader. His decades of experience in the markets allowed him to famously turn $100K into $3.1M within a very short timeframe with a max drawdown of only 15% over the term. He's now shifted focus into the untapped niche of law within trading where traders can place positions on the outcomes of lawsuits, John's incredible career truly marks him as a "Jack of all trades". I hope you guys enjoy this incredible episode!
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https://www.instagram.com/realriziqbal
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Timestamps:
00:00:00 Introduction to John Netto: Market Wizard and Author of The Global Macro Edge
00:04:21 Understanding Market Regimes and Trading Strategies
00:12:15 Understanding Endogenous vs. Exogenous Alpha
00:16:12 Understanding Trading Analytics and Automation
00:20:08 Understanding Risk Budgets in Trading
00:24:03 Debunking Trading Myths: Risk and Return
00:28:08 The Role of Emotions in Successful Trading
00:31:57 Holistic Approach to Trading: Algorithms and Manual Decisions
00:43:50 Understanding the Netto Number in Risk Management
00:51:47 Mastering Discipline in Trading: Lessons from the Marine Corps
00:55:41 Maximizing Returns with Dynamic Bet Sizing
01:03:52 Surviving a 70% Loss in 11 Seconds
01:07:56 Turning $100K into $3.1 Million: A Personal Journey
01:11:54 Predictions for 2025
Disclaimer:
The content on Words of Rizdom is for informational and educational purposes only. We are not personally affiliated with any of the guests featured in our episodes. Our role is solely to interview them and share their insights, experiences, and expertise. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom. Always carry out your own research and seek professional advice before making decisions based on the content shared.
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