Trading Triumphs - Jerry Parker #3: The Dangers of Optimization
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- Опубликовано: 25 июн 2024
- Want better performance from your trading strategies?
In part 3 of my chat with legendary trend-following Turtle Trader Jerry Parker we discuss optimization, how to really extract better performance from your trading, and common traps to avoid.
Key discussion points:
1. Minimizing Optimization for Maximum Effect: How over-complicating your approach can backfire, why less is often more when it comes to trading strategies and what you should do instead.
2. The Power of Simplicity: Learn why fewer rules often lead to better trading outcomes.
3. The Role of Back Testing: Discover the benefits and limitations of this crucial and often mis-used trading tool.
4. Diversifying Exits for Better Results: How diversifying your exit strategies can enhance your trading performance.
5. Adapting to Market Volatility: Tips on how to stay afloat and succeed in fluctuating markets.
6. And much more.
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[0:00] Introduction to Optimization and Trading
[4:29] Approach to Optimization in Trading
[8:29] Strategies for Diversified Trading Systems
[13:03] Insights on Entries, Exits, and Diversification
[15:16] Summarizing Optimization Strategies
[17:10] Jerry's Personal Trading Experiences and Lessons
[19:11] Closing Remarks and Contact Information
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Disclaimer:
Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.
What's your favourite insight or quote from my discussion with Jerry? Let us know below!
"I want to trade as many markets as possible" . That is the Jerry Parker way to explain diversity , "I want to trade everything that moves" , that is Tom Basso way to explain diversity. Thats why diversity is so important.
agreed angle, thanks for the comment!
Very nice, common sense approach.
Glad it was helpful!
Great stuff Andrew and Jerry.
It's been a lean 2 years in Aussie equities even though the index looks ok.
Still learning after all these years.
Thanks for the video.
thanks Neil, glad you enjoyed it!
As for favourite comments, I would say its about the only parameters in the backtest that he looks at are:
● Average win to average loss
● average win per trade overall.
I also look at average win and loss holding periods to ensure its cutting the losses far quicker.
Hi Neil, I found this pretty interesting too!