Are We Earning Money When We're Trading?

In my opinion, one of the most productive aspects of doing this podcast is the opportunity to gain insights into certain perspectives. When doing so, I certainly benefit and hopefully… you do too! My guest, Rick, has a mind for numbers and systematic thinking given he teaches math. I realize many people have a love/hate relationship with the subject of math, but I would hope we can all agree, it takes a certain type of “mind” to excel within the subject. This is why I was excited to be able to probe Rick’s mind and gain insight into his thoughts and rationale behind certain decisions he has made and is currently making within his trading journey. Rick has been very solid at “cutting loses” and he gave me a very simple, yet powerful, explanation of what makes it so black and white. His response reminded me that despite being a trader for going on 20 years now and talking to 100’s of people via this podcast, you can always gain a new perspective. Even if you are someone who despise the subject of math, I’m confident you’ll still gain plenty of value from what Rick was willing to share! Let’s go!