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An Inside Look at Trading in Today's Markets (Collection) by Alexander R. Webb, Robert I. Webb, Mike Bellafiore

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6. Special Projects: Get Ready to Trade Pro

I am sitting in a conference room in the American Southwest with my partner Steve Spencer. Actually, it’s a massive boardroom, and we’re negotiating a potential joint venture (JV) between SMB and a hedge fund. Three on their side, two on ours. The former star trader and now owner/partner of the hedge fund has instructed outside consultants to build an elaborate financial model to determine his potential profit and risk for the JV. The financial model is displayed on a projection screen, which we all now stare at. He asks, “So, what is your success rate for training new traders?”

We almost never made the meeting. Even worse, we almost didn’t make the meeting with proper dress attire. Our Delta flight ...

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