3 ms·
As someone who's dabbled in trading systems for a few years, i see systems that: 1. Places a series of small bets that lose more of than not. Some winners bre
by c_o_n_v_e_x 3y ago
As someone who's dabbled in trading systems for a few years, i see systems that:
1. Places a series of small bets that lose more of than not. Some winners breakeven or turn a small profit. A small number of bets are so successful that they cover all the losses and then some. Ex: trend traders, VC funds, etc.
2. Places a series of small or large bets that win small amounts more often than not, but every so often, they are impacted by a huge loss. Ex: traders that were shorting volatility (2018 volmageddon)
The question is what system/viewpoint in life are you more comfortable with?