045: Jack Litle Global Macro Trading, the Nature of Probability, and When to Place Big Bets

Published: Nov. 5, 2015, 9:08 a.m.

b'My guest on the podcast this week is Jack Litle of MercenaryTrader.com.\\nJack is a global macro trader who originally started out as an international commodity broker \\u2013 today, he now has more than 17 years of market experience and is a very competitive trader. He\\u2019s also a keen poker player, and believes there are many crossovers between poker and trading (which of course, makes for some interesting conversation during this episode).\\nAlso during this episode, we speak about how Jack thinks of trading in terms of probabilistic outcomes, instead of attempting to \\u2018predict\\u2019 the future \\u2013 we spend quite some time on this subject, and I myself found his views on this particularly interesting.\\nAnother highlight, would be mastering the art of the big bet \\u2013 where Jack shares insight to the times when you should press hard on a trade to make profits that have real impact.\\n\\u2013\\nFor your chance to WIN a free 90 minute, one-on-one mentoring session with a genuine, pro trader \\u2013 enter here: http://chatwithtraders.com/win\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'