Complex Systems with Patrick McKenzie (patio11) cover image

Complex Systems with Patrick McKenzie (patio11)

How the Smart Money teaches trading with Ricki Heicklen

Jul 11, 2024
01:40:15
Snipd AI
Ricki Heicklen shares innovative teaching methods for trading, discussing trade mechanics, market reactions to new information, and security mindset. Topics include adverse selection, crowdfunding dynamics, order books, liquidity, reacting to market info, order cancellations, and arbitrage.
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Podcast summary created with Snipd AI

Quick takeaways

  • Innovative teaching methods in trading by Ricki Heicklen focus on practical training and tailored interaction over traditional academic approaches.
  • Understanding nuanced market orders like filler kill and all or nothing is crucial to avoid adverse selection risks and make informed trading decisions.

Deep dives

Exploring Teaching Trading and the Pedagogical Approach

Teaching trading involves assessing programming ability for teaching trading techniques. The speaker's background at Jane Street Capital fuels interest in pedagogical merits for teaching trading as compared to other disciplines. The focus is tailoring teaching trading to audiences often hired by finance firms straight out of undergrad, emphasizing practical training and interaction over traditional academic methods.

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