TTU16: You Can’t Learn This In A Book! ft. Karsten Schroeder of Amplitude Capital – 2of2

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 24 July 2014

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome back to Top Traders Unplugged. On this episode Karsten and I discuss the systems and implementation that has led Amplitude to such remarkable success. As the interview comes to a close, we learn about Karsten’s philosophy of success and entrepreneurship. Despite being based outside the global financial hubs (i.e. New York, Chicago, London) Amplitude has experienced world class results. He provides a deep philosophy on achieving success in the CTA industry.

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In This Episode, You’ll Learn:

Allocation of capital from a stop-loss point of view when doing short term trading
Amplitude Capital’s systems for trade implementation
Why high frequency trading is a very different strategy from that of Amplitude Capital’s
Risk management strategies and the framework for embedding these principles into the Amplitude Capital operations
Exploring the meaning of market correlation in short term CTA strategies
Karsten Schroeder’s philosophy on drawdowns
How managers can do a better job of explaining drawdowns
The role of teamwork and processes in the research cycle
The internal processes for validating implementation of strategies at Amplitude Captial
Karsten Schroeder’s explanation for why Amplitude has experienced such success
Do financial leaders need to live in financial hubs? How living outside of the financial hubs has impacted Amplitude Capital
The difference between European CTA managers and US counterparts. Why has the market dominance shifted?
The philosophy of failure that empowers Karsten Schroeder’s entrepreneurial journey
What continues to inspire Karsten to keep running the business
The question investors are not asking that they should be:

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Transcript

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0:00.0	You're listening to Top Traders Unplocked, episode number 016, where I continue my conversation
0:06.7	with Karsten Schroeder, co-founder and executive chairman of Amplitude Capital.
0:13.0	This episode is sponsored by Saxo Bank and Swiss Financial Services.
0:17.5	Welcome back to Top Traders Unplugged, where the best traders in the world come to share
0:22.1	their experiences, their successes, and their failures.
0:25.5	Let's rejoin the conversation with your host, veteran hedge fund manager, Niels Kastra
0:29.9	Larsen.
0:47.9	The, um... Obviously, there are more of the medium to long-term managers out there.
0:52.1	And so it's quite interesting to hear your perspective. And that is, you know, the debate, I guess, very often comes down to are people using moving averages or are they using price break out as their indicators, you know, what's the pros and what's the cons?
1:04.4	But actually, my question is more, does these traditional trend following type indicators, do they also have validity in the short-term
1:14.3	space?
1:16.4	I don't think that anything that you can read in a book as you read it there will work
1:22.9	in the short-term trading space.
1:25.8	Okay.
1:27.0	Now, if I understood you correct, essentially your models will build you a base of the signals
1:34.7	will build you an optimal position.
1:37.0	So is that to take it that you essentially are kind of scaling in and out of market?
1:42.2	You're not sort of, you know, in and then suddenly you're out.
1:46.1	It is more of a process because the models work together to give you the desired position.
1:53.4	Is that correctly understood?
1:57.1	That's correct.
1:58.0	I mean, we obviously have all sorts of models that work together and then
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