MWE SHORT: Michael Patak – The Game of Trading

“If you look at this from a game mentality, you can get trading down. You don’t have to be a Harvard grad or anything like that. You can be a country boy from Nebraska.”

In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Michael Patak, founder of TopstepTrader, analyzes the game of trading and how to find success. After suffering three $30,000 losses while trading during college, Patak retooled his approach and subsequently started TopstepTrader. The simulation platform at TopstepTrader helps new traders learn how to manage risk and maintain discipline. If they can prove they are profitable, TopstepTrader will fund their account. Patak doesn’t want new traders to make the same mistakes he did and sees this as a way to enable talent in markets regardless of background.

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MWE SHORT: Ben Van Vliet – The Nature of Competition

MWE SHORT: Ben Van Vliet – The Nature of Competition

“You can’t tell Derrick Rose or LeBron James he’s not allowed to fake out an opponent.”

Ben Van Vliet, Assistant Professor and Associate Director at the Illinois Institute of Technology, discusses the nature of competition in the financial industry and the impact of deception in the markets.