Finding Convexity | Steven Place Is Off The Charts
Steven Place has been around the block. He’s been through the ringer. And he has the scars to prove it.
A former Rocket Scientist, Steven is a self-taught options trader who’s been plying his craft for nearly two decades.
He has spent a lot of time studying options analytics and “hacking” execution strategies to create better outcomes for himself. And one big thing he’s learned over the years is: “If you’re going to be stressed anyway, doing the same amount of work, why not shoot for the fences once in a while? You’ve got to find some convexity, somehow.”
Having been through it all, Steven finds himself in a better mental space these days, and he riffs on how becoming a parent has put things into a clearer perspective.
Steven absolutely believes options trading is the most fascinating thing one can do right now. Listen to him and you might come away believing that he’s right.
We talk to a lot of traders. Not just on this podcast, but across everything we do. And one thing that is common to most of them is some level of stress which must be routinely navigated. And it’s often a real struggle.
From an early age, David Hale had hustle in his DNA. At just 10 years old, he was sneaking into casinos to play slot machines. By 11, he was betting on horse races. And before long, he was hunting for arbitrage opportunities in baseball card values.
It’s hard to believe Denise Shull is a product of parents and grandparents who believed in “buy and hold” and wouldn’t even know how to sell a share of stock if asked to.
“I would not give a fig for the simplicity on this side of complexity, but I would give my life for the simplicity on the other side of complexity.” ~ Oliver Wendell Holmes
Reinventing your career after 20 years is no small feat. Now, imagine trying to do that by becoming an active trader. That’s exactly what Andrew Moss is doing—but he isn’t going in blind.
Among the many things that stood out during our conversation with David Lundgren, it was this quote: “I want to find a way to listen, and learn, and get a little bit better every day.”
