Podcast 255. Risk Management and Prop Trading Revolution with Greg Rubin

avgjoefinances

1 week ago

Join us on Average Joe Finances as our guest Greg Rubin shares his journey from starting as a prop trader in 2007, through the financial crisis, and eventually running a capital allocation program at Axi Select. He discusses the evolution of trading, risk management, and trade psychology, emphasizing the need for proper risk management to succeed in trading.

In this episode:

Understand trade psychology, emphasizing successful trading is about probabilities, not timing.
Learn risk management and trade psychology for avoiding costly mistakes and fast-tracked learning.
Requisite balance between AI capabilities and human element in AI-driven businesses.
Axi Select's tiered system for profit sharing, incentivizing traders to climb ranks for higher funding access.
And so much more!

Key Moments:

00:01:00 Interview with Greg Rubin: AxiSelect Overview

00:02:17 Greg Rubin's Background and Career Journey

00:04:50 AxiSelect's Unique Trading Model

00:07:13 Benefits of AxiSelect for Traders

00:12:38 Risk Management and Quarantine Process

00:14:27 Adapting to Market Trends and AI in Trading

00:18:20 Understanding the Trading Program Structure

00:19:34 Dashboard and Performance Metrics

00:20:45 Healthy Competition and Community Interaction

00:21:09 Requirements to Access the Trading Room

00:22:08 Trading is a Marathon, Not a Sprint