076: Saul Knapp – Insight From a Former-Risk Manager of 120+ Prop Traders, and Spread Trading
Chat With Traders
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The Importance of Consistency in Trading
I've seen lots of fat fingers like that before. I've seen someone in the DAX was meant to sell 1,500 and sold 3,500 at 1 instead and dropped it literally to 9, 0. So you know these trades normally get busted but they do have a knock on effects across other products and other contracts so they can cause a lot of problems. Back in 2000, I think in the end of 2000 maybe 2001 we noticed the flipper, the UX flipper and we read it very well. Yeah, I can and a lot of people are going to hate me for saying this and back in 2000, “We noticed the flippers," he said.
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