Alex Proimos from Investment Magazine's Market Narratives podcast speaks with Noel Smith, chief investment officer at Convex Asset Management.
This episode discusses Noel's transition from neuroscience to finance and working in the trading pits of the Chicago Mercantile Exchange. They discuss prop trading and managing risk and how it differs from high-frequency trading. They also talk through the traits that make up a good trader, intuition and how genetic ability plays a role. Finally, they explore the notion that the stock market has become a derivate of the options market.
Convex Asset Management LLC emphasizes that investing in futures, options, and other derivatives involves substantial risk and is not suitable for all investors. There is a possibility that you may sustain a significant loss, including a complete loss of your investment capital. Past performance is not necessarily indicative of future results. Investing involves risks, and any investment strategy carries the risk of loss. Before investing, carefully consider your financial objectives, level of experience, and risk tolerance. You should only invest funds that you can afford to lose and seek independent financial advice if you have any concerns or questions.
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