61 The Systematic Investor Series – November 11th, 2019

Published: Nov. 10, 2019, 10:50 p.m.

In this week’s episode, we discuss the recently published book on Jim Simons & Renaissance Technologies, why you shouldn’t be too focused on one position, why it can be difficult to avoid overriding your system based on recent fundamentals, what investors can learn from the world’s best Poker players, and why luck should only be the result of following your edge.  Plenty of questions answered this week including: Should you add to winning positions?  Do you only trade Breakouts or do you also use indicators?  Does less volatility mean more robustness?  Do you trade ETFs? Thank you very much to Jim for submitting your voicemail. If any listeners would like to leave us a voicemail message to play on the show, you can do so here. Learn more about the free-to-use Top Traders Unplugged Trend Barometer here. You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting TopTradersUnplugged.com Get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Niels, Jerry & Moritz on Twitter: @TopTradersLive, @RJparkerjr09 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 0:50 - Live event review 2:45 - Review of returns 10:40-  Voicemail from Jim 13:20 - Top tweets 36:05 - Question 1: Matt; Do you use indicators beyond price action and new highs/lows? 42:00 - Questions 2/3: James; How do you calculate sample size? Does each lookback window need to be treated independently or should risk be managed in aggregate? 51:40 - Questions 4/5: Brian; Why are more volatile systems considered more robust? Does lower volatility lead to better compound returns? 1:06:40 - Question 6: Gaetano; Do you trade ETFs? 1:10:00 - Performance recap 1:11:00-  Ray Dalio discussion     Subscribe on: