
245: Jason Shapiro - The Mind of a Tape Reading Contrarian Trader
Chat With Traders
The Importance of Correlation
I've heard you mentioned in other interviews of having the importance of having a uncorrelated plays. Can you give us an example of an uncorrelated play that you put on? My portfolio gets built as I get individual trades, right. And each trade gets this is all about you know risk control, you know risk and risk management. If the trades are highly correlated and it's really not one trade right. So you have to watch your risk management on that so I'm measuring the correlation between my trades.
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