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b'This episode won\\u2019t be for everyone\\u2026\\nIt contains no chatter about how to read charts, how to pick the direction of stocks, or even, how to handle your trading psyche.\\nHowever, for some, this episode will spin minds and bend preconceived notions about trading. It shines a spotlight on what happens should you uncover a structural inefficiency that can be exploited, as was the case with today\\u2019s guest Moritz Seibert.\\nMany know of Moritz as a trend following guy and someone with vested interests in the crypto market, but (almost) no one knows he was once arbitraging warrants on Germany\\u2019s DAX. It was an extreme edge, and he traded it rigorously for three years.\\nMoritz has never publicly spoken about the arbitrage, until now! Over the course of this recap, he details all aspects: the market, the inefficiency, the trade, and the\\u2014inevitable\\u2014decay.\\nTo read the assisting article by Moritz:\\xa0Click here\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'