Trade pitch
Definition · Level 11 · Interview practice
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Five-part structure — thesis, catalyst, instrument, risk (and size), exit — answering why, why now, how, what if wrong, and when out.
Example
“Long the 100/110 call spread for 3 into results on the 15th; out at 6 or on a guidance cut.”
Where Tradecraft teaches it
Level 11 · Interview practice, in the lesson “Fit, trade pitches & recovering from a miss”: Answer “why trading?”, pitch a trade in five parts, name a real weakness, and reset after a miss.
Related terms
- “Are you sure?”Often a pressure test rather than a hint that you're wrong: re-check in one line, then hold a correct answer — or fix a wrong one without fuss.
- Recovering from a missAcknowledge the miss in one line, correct it if you can, and take the next question at the same pace; arguing, long apologies or slowing down cost…
- √2, √3 and e≈ 1.414, ≈ 1.732 and ≈ 2.718. With independent returns, vol over two or three periods is one-period vol times the first or the second; the last is…
- √252≈ 15.87 — the factor between daily and annual volatility on trading days: annual σ = daily σ × 15.87.
- √365≈ 19.1 — the calendar-day annualisation factor, for markets that trade every day (crypto) or quantities measured over all days of the year, weekends…
- 1.05^10≈ 1.629: ten years at 5% compounded grows money by about 63%, not 50% — the benchmark for sanity-checking any compounding answer.