103: Dave Bergstrom – Escaping Randomness, and Turning to Data for an Edge
Chat With Traders
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The Three Laws of Trading
Dave, let's spend a little time on each of these. Number one is you said that you much rather prefer asymmetric risk to reward. Would you mind explaining that for us? Yeah. So I think you need to have bigger wins than losses. You want to be, you know, long vol characteristics as opposed to short vol characteristics or probably better to say more like trend following versus mean reverse. That's fair enough. And number two, number two, I think it's probably a better way to phrase this: All bets mean the same thing to your bottom line. But I'll let you explain that one.
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