SI95: Jim Simon’s quotes on overriding your system and how to size your positions ft. Moritz Seibert

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 6 July 2020

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week, we give our thoughts on the inaccuracies of CTA replicator models, static risk versus dynamic risk, ways to approach variable position sizing, the power of a system being ‘good enough’, Jim Simon’s quotes on overriding your systems, and the recent accusation that CTAs are driving the stock market upward. Questions answered this week include: What elements of my trading system should I look to expand, if it’s going well? Can I diversify using stock sectors only? What are your thoughts on Volatility Targeting? If you would like to leave us a voicemail to play on the show, you can do so here. Learn more about the Trend Barometer here. IT's TRUE - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written here. And you can get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to [email protected] Follow Niels & Moritz on Twitter: @TopTradersLive, and @MoritzSeibert, And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Episode Summary 0:00 - Intro 1:16 - Global macro review 4:04 - Weekly review of returns 7:41 - The inaccuracies of typical CTA replicator models 22:28 - Jim Simons quotes on overriding trading models 24:34 - Question One; Will: So far, my trading system is successful, and I am looking to expand it. Should I expand it to include an additional look-back period, market(s), or trading strategy? Could you recommend any reliable data sources? 31:57 - Question Two; Abishek: Can I diversify using different stock sectors only? 35:28 - Question Three; Noah: What are your views on Volatility Targeting? 47:57 - Performance recap Subscribe on:

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
0:07.3	journey into the world of systematic investing and learn about the most dependable and consistent
0:12.3	yet often overlooked investment strategy. Welcome to the Systematic Investor podcast series.
0:22.6	Welcome and welcome back to this week's edition of the Systematic Investor series with
0:26.6	Moritz Siebert and I, Nils Kassel Larsson, where we each week take the pulse of the global
0:30.5	market through the lens of a rules-based investor.
0:33.7	Now, today we are recording on the 4th of July, so to all of you celebrating this holiday, we wish you all the best.
0:39.2	And thank you for your continued support.
0:42.0	We know that there is a lot of choice when it comes to business podcast today.
0:46.2	And we are thrilled that you choose to tune in to top traders on plug each week.
0:49.9	If this is the first time we meet, our hope is that today's episode will trigger your curiosity
0:54.6	to check out the back catalog of all of the past episodes that you may have missed.
1:00.5	Moritz, how are you doing? It's good to be back with you.
1:03.6	Good to be back with you. Doing great. How are you?
1:06.2	Yeah, not too bad. Holiday started, moved up to Denmark. Good. It's raining.
1:11.4	It's cold. Not good.
1:12.7	Maybe not so good anyways, but there we are.
1:16.1	But it was, by the way, speaking of good, it was a good week for the Fed 500.
1:20.0	Sorry, I meant to say the S&P 500 as well as the other risk on assets.
1:25.5	Despite many countries, of course, reporting record numbers of daily infections
1:30.0	in their battle against COVID-19. And it certainly looks like that kind of these V-shaped
1:37.9	recoveries have come to dominate the memories of most investors, you know, saved by the central
	...

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