This webinar is based on Richard Weissman's acclaimed book, Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House.
Like casinos, successful speculators develop methodologies that enable them to skew probability in their favor while simultaneously adhering to stringent risk management criteria irrespective of winning or losing streaks.
The webinar defines the casino paradigm's three basic components:
- The development and implementation of positive expectancy trading models
- Price risk management techniques
- Trader discipline
Presenter: Richard Weissman, Author and Educator
Bio: Richard Weissman is a professional trader with over twenty years of experience. He has provided private consultations and training to traders and risk managers for over fifteen years. Weissman currently serves as a Senior Associate with the Energy Management Institute (www.emi.org), where he teaches trading and risk courses co-sponsored by CME Group and IntercontinentalExchange. He is also Editor-in-Chief of Weissman Signals Inc. (www.weissmansignals.com), a newsletter covering the ETF, futures, and cash foreign exchange markets. Weissman's first book, Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis, was published by John Wiley & Sons in 2004. His second book, Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House (Wiley, 2011), was selected as a Finalist for the Technical Analyst 2012 Book of the Year Award.