Hi all,
I had a chat with a poker player who's now a successful trader. It looks like his trading approach is to figure out how other people think about the markets. For example, the risk-on/off trades and flight-to-safety assets, etc.
I thought it over but couldn't figure out the details. I know the big picture - when it's risk-off, you need to do something...
But what exactly would you do when you see "risk-on" or "risk-off"? How to profit from this particular trade and more generally from thinking of the markets as playing poker?
Where can I read more about these types of trades? Any pointers to literature?
Thank you!
I had a chat with a poker player who's now a successful trader. It looks like his trading approach is to figure out how other people think about the markets. For example, the risk-on/off trades and flight-to-safety assets, etc.
I thought it over but couldn't figure out the details. I know the big picture - when it's risk-off, you need to do something...
But what exactly would you do when you see "risk-on" or "risk-off"? How to profit from this particular trade and more generally from thinking of the markets as playing poker?
Where can I read more about these types of trades? Any pointers to literature?
Thank you!