Laurent Bernut was a systematic short seller with Fidelity for 8 years. His mandate was to underperform the longest bear market in modern history: Japanese equities. Prior to that, he worked in the Hedge Fund world for 5 years. He now runs an automated Forex strategy and travels the world with his family. In this episode we talk all about Short selling, creating shorting strategies, the challenges of implementation and how to manage risk. We also discuss the importance of exits, insights into Be...
Nov 08, 2015•59 min
Thomas Stridsman has over 20 years experience in the financial markets. He was an editor for Futures magazine and published two books on trading system development and money management. He is now a fund manager at Alfakraft, specialising in short-term trend following strategies with a focus on dynamic size allocation and risk distribution algorithms. In this episode we discuss strategy testing, why you need to normalise metrics, tips to creating robust strategies and why he doesn't test entries ...
Nov 07, 2015•33 min
Greg Morris was Sr. Vice President, Chief Technical Analyst, and Chairman of the Investment Committee for Stadion Money Management, overseeing the management of over $5.5 billion in assets. He has been featured in the media a number of times, being invited to lecture about technical market analysis around the world. He is currently semi-retired, serving as a consultant and working on a few projects, including golf. In this episode we talk about the real definition of risk and how to manage it, t...
Oct 31, 2015•48 min
A couple of weeks ago I went back through all the guests we've had on the show so far and realised how very fortunate we've been to have so many fantastic guests on the show, sharing their knowledge and experience, some of them with more than 50 years of trading experience! To be honest, I'd actually forgotten some of the topics we'd covered so far and going back through them was an excellent reminder of all the valuable information the guests had shared, so for Episode 30 I thought it might be ...
Oct 25, 2015•1 hr 8 min
Alan Clement is a Certified Financial Technician, full time independent trader, quantitative trading systems designer and private investment consultant. He is also a councillor with the Australian Technical Analysts Association and contributes to the technical analysis articles for Fairfax press. In this episode we talk about Rotational trading systems, the impact of stops on results and alternatives to managing risk. Alan also shares some interesting tips into measuring system health, dynamic p...
Oct 18, 2015•55 min
David Aronson is a pioneer in machine learning and nonlinear trading system development and signal boosting/filtering. He is author of "Evidence Based Technical Analysis" and his most recent book "Statistically Sound Machine Learning for Algorithmic Trading of Financial Instruments" is an in-depth look at developing predictive-model-based trading systems. He was also an adjunct professor of finance, regularly teaching MBA and financial engineering students a graduate-level course in technical an...
Oct 11, 2015•55 min
Dr. Gary Dayton has been an active trader since 1999 and is President of a consulting firm that specializes in developing "peak" performance in traders. His approach to trading psychology is very different to the traditional approaches used by other trading coaches, introducing traders to the practise of mindfulness to not only overcome fear and other unwanted trading emotions but to develop the concentration and focus needed to trade successfully. In this episode we discuss why traditional appr...
Oct 03, 2015•1 hr 2 min
Robert Carver is an independent systematic trader who spent more than seven years working for one of the worlds largest systematic hedge funds. In this episode we discuss trading rules, what makes a good trading rule and the advantages of using continuous rather than binary rules. He also shares insights into over-fitting and the challenges of walk-forward testing that can make it impractical. Topics discussed What makes a good trading rule The advantages of simple rules Why only some trading ru...
Sep 27, 2015•58 min
Brett N. Steenbarger, Ph.D. is a trader, psychologist and trading coach who has been actively involved in the financial markets since the late 1970s. He is the author of a number of popular trading performance books and consults for hedge funds, investment banks and proprietary trading groups. Brett has an interest in using historical patterns in markets to find a trading edge publishing measures and strategies on his popular TraderFeed blog. He is also a regular contributor to Forbes . In this ...
Sep 21, 2015•1 hr
In this episode Dr Van Tharp talks about beliefs and their impact on trading, the qualities of successful traders, adapting trading to market types, position sizing, trading mistakes and overcoming fear, perfectionism and impatience. Topics discussed How Van got started in the markets and the issues he faced initially The main reasons the majority of trades are unsuccessful How traders can identify the type of strategies that suits them What it means to trade your beliefs in the market How to as...
Sep 13, 2015•52 min
Michael Himmel is a Founding Partner, Portfolio Manager and Director of AI Research for Essex Asset Management. He has been actively trading and designing systems since the 1980s, managing the No.1 Global Macro Hedge fund in the world in 1999. He now uses large doses of AI and Machine Learning in his current practice. In this week's episode we discuss Artificial Intelligence, the challenges and applications of AI in trading, criticisms of Machine Learning, event studies and the importance of sel...
Sep 05, 2015•59 min
Robert Bubalovski is the Managing Director and Head Trader at TradeView investments, a privately held proprietary trading firm located in Melbourne, Australia. Since 1996 Robert has been actively involved in the financial markets and trading, in 2012 he decided to set up his own Proprietary Trading Firm to concentrate on his own trading strategies. His team of professional proprietary traders specialize in the trading of Equities, Futures, Options, FX and Money Markets across multiple exchanges ...
Aug 30, 2015•50 min
Tim Rea is a proprietary trader, trading his own money with well over 100 automated systems across 25 different Futures contracts. He is a past winner of the World Cup trading championship, along with being a CTA and broker but gave that away to focus on trading his own money. In this weeks episode we discuss various aspects of trading multiple strategies, including monitoring performance, money management, correlation, technology and trading in markets not in your timezone. We also discuss the ...
Aug 23, 2015•54 min
In this weeks episode Larry Williams talks about conditional trading, understanding what drives prices, the misuse of indicators and how to apply them correctly. We also discuss cycles, forecasting markets, what to look for in market tops plus loads of listener questions where Larry shares tips and insights from 50 years of trading. Topics discussed What it means to be a conditional trader Why buy and sell signals need to be analysed in the context of market conditions Fundamental factors that d...
Aug 16, 2015•1 hr 7 min
Scott Andrews 'The Gap Guy' shares his expertise in gaps, why they work, what factors to take into account when trading gaps and what to avoid. We also discuss gap zones, when to fade and when to follow and calculating stops and targets. PLUS, for those that aren't into Gap trading, we cover some important concepts that can impact all styles of trading, include one concept called 'Ensemble Systems' which may just change the way you look at trading strategies. Topics discussed Why it's important ...
Aug 03, 2015•50 min
Jerry Parker, Turtle Trader and CTA, talks about trend following, how to approach wins and losses, dealing with drawdowns, managing correlations in asset classes and how changing market dynamics have impacted trend following and the solution. He also gives us some tips on systematic trading including how he trades without relying on optimal values of the past. Topics discussed What types of characteristics Dennis and Eckardt were looking for in the Turtle traders program How the Turtles were tau...
Jul 27, 2015•55 min
World Cup Trading champion Andrea Unger discusses how to create robust strategies, the role of indicators in trading, principles to strategy creation, Forex trading strategies and optimising to understand market behaviour. Topics discussed The strategies and position sizing Andrea used to win the world cup trading championship 4 times The role of luck in trading Controlling risk when trading multiple strategies Where to find trading ideas The principles Andrea uses in the Forex and Futures marke...
Jul 20, 2015•1 hr 8 min
Stuart McPhee discusses the common mistakes traders make, the single biggest factor to trading success, the counter-intuitive side to trading and tips to improving trading discipline. Topics discussed Why trading can be simple but not easy Common mistakes traders make Factors to consider when choosing a trading strategy that suits you Common Money Management mistakes The single biggest factor to trading success Common mindset issues traders experience Tips to improving discipline and changing tr...
Jul 12, 2015•39 min
Performance coach Rande Howell discusses the most common issues limiting trader performance, the impact of emotions on trading, the importance of managing process not outcome and tips on changing our physiology to improve performance. Topics discussed The most common issues impacting trader performance What causes hesitation when taking trades How to calm the emotions when trading An easy way to monitor changes in emotions The impact of breathing on emotions and trading A simple trick to disrupt...
Jul 05, 2015•1 hr 15 min
Andreas Clenow is a hedge fund manager who specialises in developing and trading quantitative strategies across all asset classes. Before joining the hedge fund world by establishing his own hedge fund he maintained Global Head positions at Reuters and Equis International. He is the author of two books, the first being international best seller 'Following the Trend' and the second 'Stocks on the Move' has just been released. In this episode Andreas talks about trend following in stocks, why trad...
Jun 29, 2015•48 min
Dr Ernest Chan talks about many aspects of quantitative trading, including how market crises impact momentum strategies and how to manage the impacts, when to use stop-losses and when they don't make sense, automating trading, managing funds in a portfolio of strategies and a simple money management approach which aims to limit drawdowns while maximising returns. Topics discussed Where to find trading ideas The first aspect of a market to identify before building a strategy for it Momentum crash...
Jun 21, 2015•49 min
Ralph Vince talks about position sizing, how to choose a position sizing model that suits you, optimalf, the curve and how it can be used for maximum growth and other applications. The risk of multiple strategies in a portfolio and how to manage it, dynamic position sizing, martingale strategies and how Ralphs views on money management has changed in the past 25 years. Topics discussed The single biggest factor in trading which is also probably the most overlooked The most important factor when ...
Jun 14, 2015•1 hr 3 min
Perry Kaufman discusses market noise, the impact it has on trading styles and how it can be used to determine which strategies suit a particular market. We also talk about price shocks and how to mitigate their effects, how to use volatility in your favour, volatility parity for position sizing, the information ratio for strategy performance and some strategy ideas you can test yourself. Topics discussed How market noise impacts trend following and mean reversion The effects of money flow during...
Jun 07, 2015•1 hr 14 min
Gary Antonacci discuss all things momentum; the different types of momentum and their individual applications, how they can be combined, how momentum can be refined, the benefits and challenges of momentum, why momentum works and much more. Topics discussed The different types of momentum and their use How to combine them for better performance How Dual Momentum protects in a bear market The benefits of Dual Momentum The impact of lookback periods and rebalancing Using Dual Momentum with other a...
May 31, 2015•35 min
Gary Stone discusses market timing, why it works, the impact it can have on strategy performance and simple methods you can test for yourself. We also discuss the misinformation published by some fund managers and how you can outperform the majority of professional fund managers using very simple techniques. Gary also explains the importance of perspective and how it can improve your trading and we get some tips on one of the most important components to executing your trading plan correctly. Di...
May 24, 2015•55 min
Rob Hanna tells us how he comes up with so many trading ideas, the type of market behaviours to look out for and his favourite piece of information in a backtest report (clue: it's not a number). He also discusses how a confluence of ideas can improve trading results, how to look at market behaviour from different angles, some simple market timing techniques, adjusting strategies based on market conditions plus loads of ideas we can test ourselves. Topics discussed Where to find trading ideas Th...
May 17, 2015•1 hr 3 min
In our chat with Dr Howard Bandy we talk about major changes occurring in the fields of trading system development, trade management and technical analysis. We also discuss why trading is becoming increasingly difficult, what causes trading systems to experience periods of poor performance, how to identify and manage a trading system when it is out of sync with the market and the 2 most important skills in system development. Topics discussed The major changes occurring in the fields of trading ...
May 10, 2015•51 min
Kevin Davey talks about how we went about winning the trading competition, the type of systems you want for the future, some very important aspects of system development that will cost you money if you ignore them, what you need to do before you start trading a strategy and what skills you need to be a good system developer. He offers some really valuable insights and provides an excellent process to system development so you do not want to miss it. Topics discussed: Why goals and objectives are...
May 03, 2015•1 hr 4 min
In our chat with Nick we discuss system design, the best type of systems to trade, how observations can lead to better strategies, the best way to handle a bear market, measuring system performance, survivorship bias and the difference between successful traders and everyone else. Topics discussed: The trading style most people should try first Systematic ways to determine a trend Why simple systems are the best Why broker consensus is a poor indicator The best type of stocks for trend following...
Apr 26, 2015•1 hr 1 min
In our chat with Cesar Alvarez we talk about trading ideas, key concepts and pitfalls of backtesting, the impact of stops on returns, market timing, over-optimisation, drawdown and using multiple strategies in a portfolio. Topics discussed: Where to find trading ideas Why you should test all of your ideas, even if you think they won't work Pitfalls of backtesting you need to look out for How to identify coding errors in backtesting Some clues that indicate you may have over-optimised a strategy ...
Apr 19, 2015•55 min
