In this episode, Todd Simkin, a trader at Susquehanna International Group (SIG), shares insights into the making of great traders. Topics include navigating challenges in trading, trader development programs, the evolution of trading, educating and improving traders, developing trading skills and mindset, overconfidence and overreliance on intuition, and the importance of different views and communication in trading.
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insights INSIGHT
Outcome vs. Decision
Decoupling outcome from decisions is crucial in trading, as good decisions can lose and bad decisions can win.
Focus on making positive expectancy decisions, as over time, results will reflect expectations.
insights INSIGHT
Trader Challenges
Todd Simkin discusses the challenges traders face regarding behavior, decision-making, and skill development.
These skills are essential for thriving in uncertain market conditions.
question_answer ANECDOTE
Unconventional Path
Todd Simkin's unconventional background includes studying anthropology, psychology, linguistics, and education.
He transitioned to trading after considering careers in education, consulting, and law.
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Susquehanna International Group (SIG) is renowned as one of the world’s leading global proprietary trading firms, highly esteemed for its entrepreneurial ethos and meticulous analytical decision-making processes. Founded with a mindset rooted in entrepreneurship, SIG engages in trading various listed financial products and asset classes across the globe on a daily basis. The company attracts top-tier talent, employing both quantitative and discretionary approaches to maintain its position at the forefront of the industry.
They combine a profound understanding of specialized markets and traded products with a rigorous decision-making methodology grounded in probabilistic thinking, game theory, and a keen focus on signal detection and low-latency performance. This approach solidifies SIG's commitment to maintaining their eminent standing in the trading world.
In this episode, we had the privilege of sitting down with Todd Simkin, currently the CEO of their Re-insurance business and a veteran at Susquehanna since 1997. Todd has played pivotal roles within the company, from being a trader to overseeing the day-to-day operations and even spearheading firm-wide education and trader development programmes.
Todd is possibly one of the pre-eminent minds in the world of trading, possessing a deep understanding of what contributes to the making of great traders. We were honoured that he was willing to converse with us and share with our audience some of his reflections and insights into what goes into the creation of successful traders.
AlphaMind: Powering Performance in Global Markets AlphaMind brings powerful change, growth and development to people and businesses within global markets. Driven by a deep understanding of how markets work, and how people and businesses function within them, we partner with clients to create personal performance improvements that elevate returns across their trading activities. Go to the AlphaMind website to know more.
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