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The Trade Busters
26 - Building Conviction by Identifying the Bag Holder
Aug 26, 2021
Virtu CEO Doug Cifu discusses building conviction in trading by identifying the 'bag holder'. They explore options trading profitability, market mechanics, and the connection between options and stock markets. Learn about selling puts, market maker strategies, and delta hedging.
16:59
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Quick takeaways
- Building conviction in trading strategies is crucial for successful execution by understanding rationale and strengths/weaknesses.
- Options selling can be profitable by capitalizing on overpriced volatility, highlighting the zero-sum game nature and the role of 'bag holders'.
Deep dives
Building Conviction and Strategy Execution
The podcast discusses the importance of building conviction in trading strategies to ensure successful execution. Without belief in the strategy, traders may struggle to maintain discipline and follow through. Conviction involves understanding the rationale behind a strategy, considering both its strengths and weaknesses, and knowing not just why a strategy may fail but also why it should succeed.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode