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2 Thoughts on Business Development, The Economy From Steve Becker, Trade Algorithm Designer

Question One: Please introduce yourself, including what you do.

I have been involved in trading for the last 33 years. I spent the first 15 years as an option pit trader on the trading floors of Chicago, New York and London. After that, I moved off floor to design and trade various arbitrage strategies. In this process, I discovered that I really enjoy analyzing data. For the last few years, I have been designing trading algorithms and decision support tools for a number of different trading groups.

Question Two: What are your top 2 tips for successful business development?

1. First tip, keep an eye on what your competition is doing. They might come up an idea or method you never thought of. Use the results of their experience as a free lesson for yourself.

2. Secondly, The game is not about you being right, it’s about the business being successful. Check your ego and trust the data.

Question Three: Is the economy moving in the right or wrong direction?

This is absolutely the hardest question to answer. It is like asking Lewis and Clark if they were heading in the right direction. We as a nation and as a world are in uncharted territory. The economic pressures that have been growing from quantitative easing and 10+ years of zero and negative rate policies, have built extraordinary distortions in pricing, behavior and expectations. If history is of any value, we are due some serious inflation. I don’t mean to be doom and gloom, I just see the path back to normalcy as narrow. Additionally, since the world economies are so interconnected, our leadership has limited leverage but that may be a good thing.

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