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

Published: May 12, 2016, 9:36 a.m.

b'This weeks guest preferred to remain somewhat anonymous, although his name is Rob \\u2013 others know him as RG, and he\\u2019s a part of Discovery Trading Group.\\nRob is an active futures traders and is what most people would call a pure scalper, but he refers to himself as a \\u201cstreet level gambler with an appetite for risk\\u201d. Either way, he is very short-term and often just trading for a couple ticks at a time. So that\\u2019s 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.\\nOver the next 60 minutes; you\\u2019ll hear about Rob\\u2019s early years of trading during the 80\\u2019s, and how he\\u2019s 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.\\nJoin the free Facebook group for Chat With Traders listeners and traders.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'