I would say, 100% automated trading without manual check and approval will lead to losses sooner or later. i would take the overall market more into account and disable it in low probability trading environments.
RIP Jim Simons. Pity we never got a CWT interview, that could have been pretty cool. I've heard his method was essentially arbitrage of mean-reversion of groups of statistically correlated and anti-correlated financial instruments.
What we need is a back-testable system that switches/cycles-through multiple strategies when one is failing. Say, switching from trend-following to range-trading/mean-reversion. But in a statistically sensitive way, before obvious large loss stop-outs.
Yeah good luck coding that, and for the record not everything can be coded. And the pros in the interviews here keep them separate, likely for good reason.
Real treat to get a Schwagger Market Wizard!
I would say, 100% automated trading without manual check and approval will lead to losses sooner or later. i would take the overall market more into account and disable it in low probability trading environments.
Love Chat with traders I miss you!!! Please keep in touch ❤❤❤❤❤
RIP Jim Simons. Pity we never got a CWT interview, that could have been pretty cool.
I've heard his method was essentially arbitrage of mean-reversion of groups of statistically correlated and anti-correlated financial instruments.
What we need is a back-testable system that switches/cycles-through multiple strategies when one is failing. Say, switching from trend-following to range-trading/mean-reversion. But in a statistically sensitive way, before obvious large loss stop-outs.
Nowadays with ai and machine learning coming up with that should be easy by the right person
AI
Yeah good luck coding that, and for the record not everything can be coded. And the pros in the interviews here keep them separate, likely for good reason.
Great podcast! 👏👏
Great interview, so many great nuggets of useful information.
Great interview, thanks for sharing
Tnx for this one. As a programmer myself, i recognise a lot what marsten is saying, just not the profits 😅
Gave me some ideas to check out!
Thank you as always 👍
Good
Technical
1. Systems Thinking / Statistics
49:45
What’s the name of the community he mentioned he is a part of?
Stockbee which is run by Pradeep Bonde. A phenomenal trader.
@@_M_D_M_ fake like qullamaggie
💯💯💯💯💯💯💯💯💯
He is pretty much an algo trader
I hope you will host Ross Cameron 👍