Peter Borish’s Top Advice for Traders

Published on
September 14th, 2020
Duration
51 minutes


Peter Borish’s Top Advice for Traders

The Interview ·
Featuring Peter Borish and Gio Valiante

Published on: September 14th, 2020 • Duration: 51 minutes

Peter Borish, president of Computer Trading Corporation and long-time partner of Paul Tudor Jones, sits down with former Point72 head performance coach, Dr. Gio Valiante, to get at the heart of what it takes to not only succeed in the business of trading, but to thrive and excel. Since his storied early career successfully calling and the profiting from the 1987 crash and trading alongside PTJ, Borish has flourished mentoring and developing new trading talent. Together these extremely successful coaches put forward their lists of the top traits and behaviors that keep popping up in the best traders they work with. Borish also comments on the importance of philanthropy and his own work with Robin Hood and argues that in these unprecedented times, quants and computers are in for a rude awakening as massive paradigm shifts have thrown decades of macro data and back testing out the window. Filmed on September 10, 2020.

Comments

Transcript

  • SD
    Suraj D.
    6 October 2020 @ 04:17
    Fantastic interview! Q: What is meant by this statement?: "Depending on your approach and your pattern, you can have a wider cone of uncertainty if you are willing to take more risk."
  • SB
    Simon B.
    24 September 2020 @ 19:17
    This should be mandatory watching, at least thrice, for anyone looking to trade the markets actively. amazing conversation. Incredible amount of great points to take away.
  • VR
    Vince R.
    20 September 2020 @ 12:57
    Great interview Gio. I like the Coaching style when you ask specific questions on obstacles and overcome them. The next step is Paul Tudor Jones :-)
  • DW
    Denton W.
    18 September 2020 @ 02:12
    Absolutely brilliant. As a side note, I really hope Real Vision goes back to in-person interviews when the pandemic dies down. These "zoom-type" interviews just don't have the same feel.
  • GJ
    Gino J.
    17 September 2020 @ 16:35
    What a treat! Thank you RV!
  • ZM
    Zero M.
    17 September 2020 @ 16:26
    Definitely one of the best RV interviews I've seen this month. So many pearls of wisdom, some highlighted in comments below, so I'll just add my favorite LOLZ line: "my right to change my mind begins as soon as I put my tongue back in my mouth"
  • NA
    Nicolas A.
    17 September 2020 @ 04:41
    Superb, thank you. For all those that haven't seen Peter and PTJ in action in the documentary Trader it is a must watch. I know PTJ is not a fan but one can still find it online.
  • ZF
    Zachary F.
    14 September 2020 @ 19:19
    Yeah, but what happens when some large external entity buys up all of the Warriors tickets and resells them at a higher rate because they can and it will produce a nice profit? Markets work when bad actors are controlled or eliminated. They do not work inherently.
    • ZF
      Zachary F.
      14 September 2020 @ 19:22
      Like, I don't know... Ticketmaster maybe? It can add all of these nice fees on top of the ticket price because it holds such a large portion of the tickets on sale.
    • MW
      Max W. | Real Vision
      16 September 2020 @ 23:24
      That is market efficiency. It feels like a failure though as a consumer because you benefitted from venues not being in the business of determining optimal market rates. If the tickets regularly sell out/profit is maximized for the ticket market maker and the venue is happy offloading the risk of being market makers for some potential profits then this is markets working.
  • JS
    Jon S.
    16 September 2020 @ 10:25
    Splendid
  • MT
    Mark T.
    16 September 2020 @ 00:15
    worth the annual subscription cost alone. 5 stars
  • mB
    marc B.
    15 September 2020 @ 04:38
    Great insight. Patience is a daily challenge but gets easier over time. I like now with uncertainty trade with less. That’s exactly where I am. Waiting to see the markets hand to make next move. A ton of uncertainty out there to be all invested.
  • DA
    Dina A.
    15 September 2020 @ 03:26
    Another great vid, thanks!
  • MD
    Matt D.
    15 September 2020 @ 03:14
    Such a great interview and so many excellent insights. Hidden gold going by the thumbs up/down - that often mystifies me. One general thing that stands out to me is: how hard it is to be a great trader. Its encouraging to hear it from fellow traders who have been there, or great coaches who have helped create the best. When I tell people what I do - the common response is normally dismissive, as if ALL traders make so much money and it is so easy, and if he can do it then they could... In a similar way as to how Peter was talking - I have no problems telling people my expected trades for the day - because the details/analysis is a minor part of it. Yet I am also aware that it could be more unhelpful than helpful. Really enjoyed your different interviews at the FOLearning too Gio! Thanks Gio and Peter.
  • OC
    O C.
    15 September 2020 @ 01:08
    Excellent, excellent interview.
  • CW
    Claude W.
    15 September 2020 @ 00:49
    Any chance to get hold of Peter Borish's trading presentation that he mentions?
  • BA
    Bhagwanta A.
    14 September 2020 @ 22:44
    Yet another great interview practical details. Lots of great tips which I am going to implement in my trading.
  • PR
    Prashanth R.
    14 September 2020 @ 21:32
    Great interview. I have heard many trading veterans talk about trading your style. My question is how does one go about identifying their style and what are perhaps the behaviors or responses a new trader should look for to identify their style?
  • Nv
    Nick v.
    14 September 2020 @ 12:02
    Great interview. Hip is a great interviewer. This can definitely be a series
    • Nv
      Nick v.
      14 September 2020 @ 12:27
      I meant to say Dr Gio (not Hip) is a great interviewer and could run a great mindset of traders series, interviewing great traders on the topic
    • Jv
      Juri v.
      14 September 2020 @ 19:47
      Opposite opinion on that one...
  • JP
    John P.
    14 September 2020 @ 19:45
    I really appreciate how down-to-earth and practical PB is. Not just trying to sound like the smartest guy in the room.
  • RL
    Ron L.
    14 September 2020 @ 19:45
    Top 5 favs on RV for me easily, thanks gents!
  • JJ
    John J.
    14 September 2020 @ 19:25
    Fabulous video. The best yet on RV
  • DS
    David S.
    14 September 2020 @ 18:14
    Mr. Borish's humanity and excellence are both self-evident. It is also apparent that Mr. Borish is just as good at recruiting, training, and mentoring as he is at trading. Thanks for a great interview. DLS
  • MB
    Matt B.
    14 September 2020 @ 17:27
    Excellent interview. A question for both Peter & Gio: the market doesn't know who any of us is. It doesn't care about "me". It doesn't care who I am, or who you are. The market just is. So how come so many traders feel personally targeted by it?
  • KG
    Kevin G.
    14 September 2020 @ 17:25
    This is one of the best videos on here. I've known for awhile, I am my own worse enemy, but figuring out how to beat that enemy is HARD.
  • LA
    Linda A.
    14 September 2020 @ 17:15
    HOME-RUN INTERVIEW! Thank u!!!!
  • RM
    Richard M.
    14 September 2020 @ 16:15
    wow, that was super interesting! I second the motion below on getting Gio to do a series of "master classes" with the best of the best because he really does draw out the best answers by asking the best questions. Top notch!
  • SS
    Stephen S.
    14 September 2020 @ 15:53
    “I also believe math works” Controversial statement
  • PG
    Philippe G.
    14 September 2020 @ 15:37
    Great conversation!
  • jG
    james G.
    14 September 2020 @ 14:57
    Top rules for traders .. O wad some power the giftie gie us. to see oursels as ithers see us ... Great words indeed... Robert Burns .. "To a louse". ;-))
  • JA
    John A.
    14 September 2020 @ 14:45
    One thing I would point out to Mr. Borish is that thanks to smartphones, someone can go to the restroom AND check SP Futures at the same time lol.
  • SC
    Sam C.
    14 September 2020 @ 12:27
    lol at the ikea world map background :D
  • MS
    Martin S.
    14 September 2020 @ 12:11
    Wow. Loved this format.
  • JP
    Jason P.
    14 September 2020 @ 11:19
    What an amazing person Thank you for sharing
  • MS
    Marius S.
    14 September 2020 @ 10:35
    Wow! What perspective and clarity. For a trader at heart there should be two thumbs, to up here. Please get these gentlemen back on in future.