A former trader reflects on the downfall of their company and their own role in it, admitting a lack of adaptability and narrow-mindedness in their approach to trading.
The speaker tweeted a thread on his advice about trading during global events, adding that having an edge trading against headlines from major media outlets is unlikely.
Traders who hacked into companies to steal press releases made millions of dollars in profits by making trades based on the information they obtained, as seen in the case of Caterpillar in 2012. However, this illegal activity eventually caught up to them and led to their downfall.
Understanding the brain's functions during trading can help optimize performance. Specific nutrients can aid brain function, including the firing of particular neurons needed for successful decision making.
The speakers discuss the difficulty of building rapidly scaling startups and the potential effects of stopping trading on shorted stocks, while acknowledging the importance of having all available information before impugning motives.
