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.
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.
Real treat to get a Schwagger Market Wizard!
Great podcast! 👏👏
Love Chat with traders I miss you!!! Please keep in touch ❤❤❤❤❤
Great interview, thanks for sharing
Great interview, so many great nuggets of useful information.
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.
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!
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.
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.
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
I hope you will host Ross Cameron 👍
He is pretty much an algo trader