EP 203: The Pursuit of Edge w/ Bob Bright

Casino floor or trading floor, Bob Bright has forever sought an edge for favorable odds…

Counting cards in Las Vegas, calculating three-way options at the Pacific Exchange, pairs trading correlated stocks, exploiting the tracking error of leveraged ETFs; Bob’s always pursued a mathematical advantage to win the game.

Also considered by many as a pioneer of proprietary trading, Bob and a partner formed Bright Trading in 1992—at its peak, the firm was home to 490-traders across 42-offices in the U.S.

Today, at 80-years of age and undoubtedly a market legend, Bob remains an active trader and a serious high stakes poker player.

Topics:
0:00 – Intro
2:41 – Beating the Casinos in Las Vegas
18:38 – Trading Options on the Exchange Floor
24:39 – Watching Bob during the trading session...
28:40 – Leveraged ETFs vs Non-Leveraged ETFs
41:43 – Mathematical Edges in Financial Markets
54:05 – Discipline and Managing Tilt
1:09:04 – Outro

Show Notes:
https://chatwithtraders.com/203