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Chat With Traders

072: Rob, @DiscoveryTrader – Why Risk Management is King, and Why Gambling Isn't Such a Dirty Word

Chat With Traders

Tessa Dao

Education, Business, Investing

4.92.3K Ratings

🗓️ 12 May 2016

⏱️ 74 minutes

🧾️ Download transcript

Summary

This weeks guest preferred to remain somewhat anonymous, although his name is Rob – others know him as RG, and he’s a part of Discovery Trading Group. Rob is an active futures traders and is what most people would call a pure scalper, but he refers to himself as a “street level gambler with an appetite for risk”. Either way, he is very short-term and often just trading for a couple ticks at a time. So that’s one side of what he does, the other side, Rob is also involved in a quantitative research firm which trades a whole range of strategies, over various timeframes, in many different markets. Over the next 60 minutes; you’ll hear about Rob’s early years of trading during the 80’s, and how he’s developed into the trader he is today. Rob also drives home the importance of risk management, shares a few gambling analogies, and talks about the benefit of interacting with other traders on a regular basis. Join the free Facebook group for Chat With Traders listeners and traders. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Chat with traders is sponsored by Trade the Pool.

0:03.6

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Visit tradethepool.com forward slash chat to learn more.

0:44.6

Markets, speculation, and risk.

0:47.3

This is the Chat with Trader's podcast,

0:49.8

hosted by Aaron Feifield.

0:53.0

Hey guys, thank you so much for tuning in.

0:55.0

Welcome to another episode of the Chat with Trader's podcast.

0:58.0

You are listening to episode number 72.

1:01.2

Now this week's guests preferred to remain somewhat anonymous.

...

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