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Episode #81: Steve Hedge on Probabilities & Options Trading Methodology

Confessions Of A Market Maker

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The Probability of a Misclick

JJ: I'm just a guy who trades so this was a few years ago um and you know I dabbled in futures and there was a guy I was following he had this specific trade. JJ: It was everything you would hate JJ but it was it was on gold and obviously you can go as big or small as you want but for me it was one contract. The whole thing took about five minutes to unfold and I literally like three grand down in 56 minutes, that's how fast the market went from going nuts to crashing. He says his casinos have max bet limits because they don't want people with deep pockets to just bet the farm and wipe them out. "They

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