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The Macro Trading Floor
Risk Management Principles
Jun 7, 2024
Alf and Brent discuss ECB and Bank of Canada cuts, bond market moves, managing risk in carry trades, using options for risk management, analyzing gold as an asset, exploring gold in a portfolio, launch of Spectra School, and platform features.
38:25
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Quick takeaways
- Emotional highs in trading decisions can lead to adverse outcomes, showcased by the cheerleading effect on trading profits.
- Forecasting US economic trends inaccurately highlights the challenges in predicting market movements.
Deep dives
Significance of Cheerleading in Market Trading
Cheerleading, a phenomenon in market trading where individuals express positivity towards a position, has been observed to have a consequential effect on trading outcomes. When individuals cheer for a position, the opposite trade tends to be more profitable, showcasing a unique % hit rate strategy. This trend, witnessed over decades, exemplifies how emotional highs and overconfidence in trading decisions can lead to adverse outcomes.
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