By now, I’m sure we have all heard about the $2.0 billion trading loss by JPMorgan Chase’s “London Whale.” It is just another example that comes along every few years that even the best, most sophisticated trading professionals with all of the most modern, cutting edge tools for risk analysis and control at their disposal […]
Some traders I’ve talked to jokingly call the financial markets the biggest casino in the world. Others are quite offended when trading is even remotely compared to gambling, insisting that the basis of their trading methods give them a definite edge. Regardless, both traders and gamblers share the core activity of risking their capital in exchange for the possibility of reward, where […]
ImSpirit 