Eric Baker

Eric Baker brings more than two decades of trading experience to MarketReview, including work with personal accounts and at a proprietary trading firm. He continues to follow and participate in markets, with a particular interest in the decisions traders make when outcomes cannot be known in advance.

His writing concentrates on process: estimating probabilities, sizing positions, comparing expected return with downside risk and deciding how much uncertainty a strategy can bear. He also draws an important distinction between decision quality and outcome. A winning trade may have been poorly judged, while a sound decision can still lose money.

Eric contributes to MarketReview’s coverage of active trading, futures, derivatives and quantitative decision-making. He explains numerical ideas in practical terms, while making clear that models and calculations are tools for managing uncertainty—not ways to remove it.