TTU75: Competing in the Short Term Space ft. Barnaby Cardwell of Cardwell Investment Technologies – 1of2

Top Traders Unplugged

Niels Kaastrup-Larsen

Investing, Business News, News, Business

4.8 • 712 Ratings

🗓️ 2 March 2015

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our next guest is a fund manager in the short-term space, and thus is distinct from many of the guests on this podcast. He discusses how he got into the financial markets from a young age, and why he decided to trade in the short term space in order to separate himself from the competition. Listen in for details into his program and how he started his hedge fund.

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In This Episode, You’ll Learn:

How Barnaby grew up and what got him interested in the financial markets.
Why he left being a broker and went in to a more systematic approach.
How he met his future business partner.
How they started his fund in late 2008.
What it was about the Market Wizards books that captured his imagination.
What he does to compete outside of trading.
His first mentor and what he taught Barnaby.
Why he decided to go short term.
How automation has changed his industry.
How he gets through the hard times in the market.
An overview of the program that his company runs.
How he set up his company and attracted investors.
The challenges that let to auto-execution of trades.
How he builds a strong culture in an organization.
How he wants people to look at his track record.
Why he uses time-based stops.
The details of the short term models he uses.
How he creates a strategy.

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Resources & Links Mentioned in this Episode:

Learn more about Market Wizards and Jack Schwager.

Check out information on Toby Crabel and his book.

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Barnaby Cardwell on Linkedin.

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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. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	We've spent a lot of time building long-term trend following models.
0:06.0	I mean, they're, I would say they're easy to do, but they're not that hard to do.
0:10.0	The data is pretty clean to get.
0:13.0	Daily data is pretty clean. It's easy.
0:15.0	I can use it.
0:16.0	I found that it's very hard to distinguish ourselves in that time frame.
0:23.6	And I just knew it would be very hard raising assets if you're very correlated to everybody else.
0:30.6	It's very hard to distinguish yourself.
0:32.6	So there was kind of a, one part was there was a commercial decision at the beginning that, hang on,
0:38.2	if we do it short term, we can definitely get more uncorrelated.
0:41.5	And then, obviously, the second reason is because I've sat in front of those screens for so many,
0:46.1	so many years, you know, I know a lot of nuances and subtleties in creating the systems,
0:52.6	these short-term intraday systems.
0:56.0	Being different is not so easy in the crowded space of systematic trading.
1:02.2	But nevertheless, it can be important if you want people to pay attention to what you do.
1:08.5	This was a clear motivating factor for today's guest when he was
1:13.0	just starting out. Trading differently, using a less crowded time horizon, and perhaps most
1:20.1	importantly, targeting a risk level in a very different and perhaps even unique way has certainly helped his firm to be noticed
1:30.2	by institutional investors around the globe.
1:33.9	Imagine spending an hour with the world's greatest traders.
1:37.5	Imagine learning from their experiences, their successes, their successes, and their failures.
1:42.0	Imagine no more.
	...

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