Episode #81: Steve Hedge on Probabilities & Options Trading Methodology
Confessions Of A Market Maker
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The Importance of Probability in Trading
The best analogy is generally the insurance industry I want to act as the insurance industry and what happens is when the market crashes it's effectively like people's houses are burning down. You can bring in a lot of money but be kind of more risky but more likely to for it to go against you or you can be far away. JJ: Being open-minded that really is really helpful because sometimes they'll see something which makes them say 'oh yeah this could happen'JJ: It helps reinforce your internal student of the market, right? "I'm just an average guy I make mistakes"
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