4min chapter

The AlphaMind Podcast  cover image

#77 Brent Donnelly - Alpha Trader: The Mindset, Methodology and Mathematics of Professional Trading

The AlphaMind Podcast

CHAPTER

The Cheer Hedge Is All Powerful

Mark O'Mara: The only time that you will ever do that is at the maximum velocity of the market when you're the most overconfident. We called it the cheer hedge. So I'm hedging that guy's cheering because he works for me and I don't want the desk to lose money. And I'm not exaggerating that cheer hedge made money every single time. You even notice it now, like even say three months ago,. someone yells on the trading floor or pumps their fist or whatever or high fives. That's the tip. It's uncanny.

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