SI65: How doing less can ensure bigger and better returns over time

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 9 December 2019

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week, we discuss how doing less can ensure bigger & better results over time, average client holding periods versus the recommended amount of time, why short trades might be the essential part of a winning system, and why uniqueness is now a key requirement for today’s emerging managers. Questions we cover this week include: How far should your backtest go? Can emerging Hedge Fund managers still succeed in today’s environment? Should you adjust past data for volatility?

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Episode TimeStamps:

00:00 – Intro

01:21 – Macro recap from Niels

04:11 – Weekly review of performance

07:27 – Top tweets

51:16 – Questions 1: Dane; How far should your backtest go?

54:38 – Question 2: Neal; Do you have a minimum average daily volume when trading stocks?

56:24 – Questions 3/4: James; When using multiple entry signals, do you also use multiple exit signals? When setting up systems & doing testing, should you adjust past data for intended volatility-weighted position sizing? Can emerging managers within the hedge fund space still succeed, among pressure for low fees, the cost of running business, & the popularity of indexing?

01:05:18 – Benchmark performance update

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1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful.

Transcript

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0:00.0	You're about to join Jerry Parker, Maritz Siebert, and Nealz Kostrup Larson on their raw and honest journey into the world of systematic investing and learn about the most dependable and consistent yet often overlooked investment strategy.
0:15.1	Welcome to the Systematic Investor podcast series.
0:19.8	Welcome to this week's edition of the Systematic Investor series with Jerry Parker,
0:24.1	Mord Seben and I, Nils Castor Larsen, where we share our knowledge and sometimes painful
0:29.2	experiences of what it's like to be a rules-based investor and where we at the end do some
0:34.7	Q&A based on your questions as we really want this to be a listener-driven podcast.
0:41.8	Let me start by, as usual, say good morning to you guys, Jerry.
0:46.0	Good afternoon to you.
0:47.0	Moritz.
0:47.4	How are you?
0:48.0	Good morning, both.
0:49.0	Hey, doing it well.
0:49.8	How are you?
0:50.5	Doing just fine is in Florida this week. So if there are some strange noises from the hotel
0:57.7	I'm in right now, then you know the reason why. But anyways, if this is your first time you're
1:03.4	tuning in, we just want to say welcome. We love that you're spending some of your time with us,
1:08.0	and we'll certainly do our best to make it worthwhile.
1:12.5	Just a quick recap again.
1:14.4	I mean, I haven't had the chance to follow things that closely this week, but it seemed
1:19.1	pretty busy and of course got really busy on Friday with some quite strong US jobs numbers,
1:24.8	lots of jobs created.
1:26.7	Overall low unemployment, of course, and rising hourly earnings.
	...

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