045: Jack Litle – Global Macro Trading, the Nature of Probability, and When to Place ‘Big Bets’

My guest on the podcast this week is Jack Litle of MercenaryTrader.com. Jack is a global macro trader who originally started out as an international commodity broker – today, he now has more than 17 years of market experience and is a very competitive trader. He’s also a keen poker player, and believes there are many crossovers between poker and trading (which of course, makes for some interesting conversation during this episode). Also during this episode, we speak about how Jack thinks of trading in terms of probabilistic outcomes, instead of attempting to ‘predict’ the future – we spend quite some time on this subject, and I myself found his views on this particularly interesting. Another highlight, would be mastering the art of the big bet – where Jack shares insight to the times when you should press hard on a trade to make profits that have real impact. – For your chance to WIN a free 90 minute, one-on-one mentoring session with a genuine, pro trader – enter here: http://chatwithtraders.com/win Learn more about your ad choices. Visit megaphone.fm/adchoices