This podcast episode delves into the intricacies of risk management in trading and futures markets, emphasizing the importance of a robust understanding of probability and quantitative analysis, as illustrated by William’s experiences at the CME. The discussion covers essential themes such as the human element in setting margin requirements, the nuances of liquidity in gold futures, the dynamics of oil price crashes, and the defining characteristics that separate successful traders from those who struggle. Throughout, William advocates for a research-driven approach, blending theory and practice to adapt to rapidly evolving market conditions and developing strategies that thrive amidst uncertainty.
