BO06: Identifying the best trading rules
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 24 October 2018
⏱️ 9 minutes
🧾️ Download transcript
Summary
In any systematic trading strategy choosing the right combination of parameters for your model or approach is critical. So today, I wanted to share a valuable takeaway from a conversation with Bill Dreiss, where we discuss his thoughts, experience and approach to identifying parameter sets which I think you will find to be rather different to most managers. Bill and I discussed this as well as many other super interesting aspects of trading from his 40+ year career and I think these lessons will benefit you immensely.
Listen to the full episode here.
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Transcript
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| 0:00.0 | Hello everyone and welcome back to another edition of our best off top traders series, |
| 0:06.0 | where we share segments that we love and that we think you will enjoy and find valuable. |
| 0:12.0 | My name is Niels Kastroblaston and today I want to touch on a really important topic. |
| 0:17.0 | You see in any systematic trading strategy, choosing the right combination of parameters |
| 0:22.6 | for your model or approach is critical. So today I wanted to share a valuable takeaway from a conversation |
| 0:29.5 | will Bill Dreis, a true wave-riding legend where we discuss his thoughts, experience, and |
| 0:36.0 | approach to identifying parameter sets, |
| 0:39.0 | which I think you'll find to be rather different to most managers. |
| 0:43.6 | Bill and I discuss this as well as other super interesting aspects of trading from his |
| 0:49.1 | more than 40 year career, and I think these lessons will benefit you immensely. If you want to listen to the |
| 0:56.4 | full episode, just go to top traders on pluck.com forward slash 93. So without further ado, |
| 1:04.1 | here is Bill. |
| 1:09.0 | Pretty much universal and timeless. |
| 1:11.6 | I think that go back in history. |
| 1:15.6 | Yeah. |
| 1:16.6 | Yeah, they go back in history as far as you want to go and then we'll go into the future as far. |
| 1:21.6 | You know, I agree with all of that, Bill. |
| 1:23.6 | And it's interesting because there is obviously still so much resistance. I think it's fair |
| 1:28.4 | to say by a lot of people, certainly on the investor side, to embrace this and you always have |
| 1:35.0 | to justify, you know, why trend following works. And, you know, even if it has a year or two of |
| 1:42.3 | under average performance, then it's like it's, it's, |
| 1:46.2 | it's their case for why it has stopped working and it's never going to work again. |
... |
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