Today's conversation is about risk. Risk is ever present in our lives. Every decision we make involves risk and the outcomes that we create all are in relationship to the amount of risk that we're willing to take and how we manage that risk.
Bryan Bottarelli is an expert in teaching people to have a healthy relationship with risk. He is the Head Trade Tactician and Founder of Monument Traders Alliance and runs a trading room called the War Room, which is a live, interactive trading room.
But his fascination with risk started young and never stopped.
Whether it was selling the Star Wars figures he collected as a little boy for 50 times their value or using $125 of grass-cutting money to buy a Michael Jordan rookie card that he later sold for $1,500, it was clear Bryan Bottarelli was a born trader – possessing the unique ability to identify opportunities and leverage those investments.
Graduating with a business degree from the highly rated Indiana University Kelley School of Business, Bryan got his first job out of college trading stock options on the floor of the Chicago Board Options Exchange (CBOE). There he was mentored by one of the country’s top floor traders in the heart of the technology boom from 1999 to 2000 – trading in the crowded and lively Apple computer pit. Executing his trades in real time, Bryan learned to identify and implement some of his most powerful trading secrets… secrets that rarely make their way outside the CBOE to individual traders.
Today, he instructs hundreds of thousands of readers and followers to embrace and use risk to create extraordinary outcomes in life.
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Show links:
Trade of the Day
The War Room
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Zurich Axioms Book
CBOE
Show Notes;
Smart speculation [7:29]
Risk of inaction [10:59]
Zurich Axioms [15:38]
Early exposure to risk [20:40]
Asymmetric Risk [25:33]
Overweighting the downside [29:27]
The danger of playing it safe [32:03]
Losses are inevitable [35:24]
How to begin embracing risk [37:51]
Appreciating the role of risk [40:29]
Working on the CBOE [41:43]
Lessons from the world's elite traders [52:25]
Uncovering opportuntiy [57:03]
Bryan gives his top trades [59:05]
Following Bryan [1:03:52]
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