"You need many trials to expose biases the same way Vegas needs many bets to exemplify the fact that their long-term edges are ultimately insurmountable". Art Collins in In Beating the Financial Futures Market (Wiley, 2006) makes a powerful case for systems trading over discretionary trading. The following thought provoking extract was posted by Brenda Jubin in… Continue reading The Case for Systematic over Discretionary Trading Styles
An an ongoing feature of this website we thought we would include a knowledge bank that comprises links to the valuable advice and research that have helped over the years to shape the philosophies, ideas and practices that you will find on our website. We hope you like this segment of our website as much… Continue reading Welcome to the Knowledge Bank
....and they say you don't learn much at the casino. Richmond Quantitative Advisors expound on the power of a small edge.
Nothing like a controversy to make you closely review your philosophies on randomness. In thinking more about this presentation...... you can see where the free lunch of diversification lies in the ability through ensemble averaging of return streams to allow outliers to positively influence a random series.
Straight from the horses mouth. An excellent recap of systems trading by the very successful Nick Radge from the sunny shores of the Sunshine Coast in Queensland.