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Listen how the world′s most successful traders made millions of dollars. How to build and test a trading strategy. How to cope with psychological aspects. How to manage your risk. And many other topics!

Jacek Lempart


    • Nov 20, 2023 LATEST EPISODE
    • monthly NEW EPISODES
    • 1h 16m AVG DURATION
    • 44 EPISODES


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    Latest episodes from System Trader Show

    #028: Nick Maggiulli – Just Keep Buying: proven ways to save money and build your wealth

    Play Episode Listen Later Nov 20, 2023 60:41


    Just Keep Buying - that's what Nick Maggiulli suggests when it comes to investing in his book. And it's an excellent book because it treats investing straightforwardly and practically. Using hard data, Nick debunks myths in personal finance and investing. He answers questions, presents solutions, and gives effective ways to build wealth.https://systemtrader.show/028

    #027: Andrew Beer – Cost Reduction Is the Purest Form of Alpha

    Play Episode Listen Later Nov 3, 2023 64:02


    Shrouded in mystery and even more misunderstanding, hedge funds have always been very limited for the average investor. Whether for regulatory reasons or because of high capital requirements. But with the revolution started by ETFs, they are now available to the masses.Today, with literally a few dozen dollars in your pocket, you can invest in the same things as hedge funds.The hedge fund industry is burdened with one big sin: high management costs – just like in classic investment funds.This is probably the main source of their numerous failures. But something has been changing here for years, paradoxically partly thanks to the ongoing passive revolution (i.e.: index products). Management costs are falling, and according to Morningstar, the current average management cost among hedge funds is approximately 1.6% per year. Yes – it is still a lot if compared to passive stock ETFs, where the cost may be lower than 0.1% per year.For several years, strategies implemented by hedge funds in the ETF package have been beginning to appear – the so-called managed futures ETFs. Here, management costs dropped below 1% per year.Today, I invite you to an interview with Andrew Beer – a man with 30 years of experience in the hedge fund industry. Some people even call him the “John Bogle of hedge funds” because he offers a very cheap (for this class of strategy) ETF.For more please visit: https://systemtrader.show/027

    #026: Tom Basso – The All-Weather Trader

    Play Episode Listen Later Apr 7, 2023 54:47


    When we are talking about a strategy in investing, it is often perceived as a mechanism for generating a buy signal. In fact, this is not the most critical aspect in the entire investment process. Today I am pleased to invite you to an interview I had with Tom Basso - a practitioner with almost 50 years of market experience. He is a well-known person in the industry, especially if someone is interested in trend-following strategies.In the background of our discussion is Tom's latest book, The All-Weather Trader.In addition to discussing the strategies used by Tom, we talk about passive investing. Tom is not a fan of this approach, so I ask why.

    weather trader tom basso
    #025: Eric Balchunas – The Bogle Effect. How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions

    Play Episode Listen Later Sep 30, 2022 52:14


    John "Jack" Bogle revolutionized the investment industry by opening the first index fund in 1976 to replicate the S&P 500 index. It was not easy to sell the idea of a fund generating average market results. But Bogle has shown that by lowering costs he can outperform actively managed funds.Eric Balchunas, author of the fantastic book titled "The Bogle Effect. How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions" is my podcast guest today. It's a semi-documentary book with numerous interviews by Eric, including Jack Bogle and even Warren Buffett. The book described the genesis of a great revolution in the financial world - the passive revolution.

    STS 024 – Paul Merriman: Strategic Planning For Investing At Every Stage of Life

    Play Episode Listen Later Nov 18, 2021 126:52


    Paul Merriman, my today's guest, is a worldwide recognized authority on index investing, asset allocation, buy-and-hold, and active management strategies. Paul began his career in the 1960s, working briefly as a broker for a major Wall Street firm. He concluded that Wall Street was burdened with too many conflicts of interest and decided to help small companies raise venture capital. He retired in 1982 to create his independent investment management firm.Now retired from his company, he is dedicated to educating investors. In 2013 he created The Merriman Financial Education Foundation, dedicated to providing comprehensive financial education to investors, with information and tools to make informed decisions in their own best interest and successfully implement their retirement savings program.Over the years, Paul has written many articles and books on investing. Paul's weekly podcast, "Sound Investing" was named the best money podcast by Money magazine.Please visit systemtrader.show/024, where 24 is the number of this episode. There you will find additional materials in the form of links.In addition, I invite you to the website systemtrader.show/shop because only now, until the end of November, you can buy my System Trader software at a very attractive price. You can use it to build your ETF or stocks portfolio, backtest it for up to 100 years, and follow it! Evidence-based, not story-based decisions.

    STS 023 – Do-It-Yourself: Building & Testing ETF Portfolio

    Play Episode Listen Later Nov 2, 2021 94:34


    Recently, I got an email encouraging me to sign up for a webinar to learn how to earn 1-4% per day. Imagine! Of course, there was an expensive car in the background.

    STS 022 – Vitali Kalesnik: Factor Investing Explained

    Play Episode Listen Later Oct 8, 2021 99:03


    There are arguments in favor of traditional passive index funds: they offer low fees, liquidity, and broad diversification. They match market performance, have negligible trading costs and tracking error, and they beat most active managers most of the time. On the other side, there are also factor strategies gaining popularity for a reason: they are transparent, offer exposure to widely agreed-upon sources of expected return, have low management costs, and, with proper design, reasonable transaction costs. In this episode, I am honored to speak to Vitali Kalesnika, a recognized expert in factor investing. He's a partner and Director of Research at Research Affiliates. Vitali explains the details related to factor investing. You will learn, among other things, what it is, what the associated risks are, and how to properly use them in practice.For more please visit: https://systemtrader.show/021

    STS 021 – How can a widely known investment strategy still work and be profitable?

    Play Episode Listen Later Sep 24, 2021 58:11


    Today's guest is Grzegorz Link, who professionally works as a quant for an investment fund. Grzegorz is a physicist by education, which may surprise some. However, the thing is that in building market models, skills such as programming and mathematics are the primary tools, which is the same for contemporary physicists.We raise many interesting issues during the conversation, trying to answer the question - how is it possible that a well-known investment strategy can still be profitable. You will learn about common investment myths, pitfalls, and difficulties awaiting investors.For more please visit: https://systemtrader.show/021

    STS 020 – Tom Basso: Trend Following Mindset

    Play Episode Listen Later Jul 16, 2021 79:28


    STS 019 – Gary Antonacci: contrarian investing approach based on excessive exuberance and dire pessimism

    Play Episode Listen Later Feb 25, 2021 48:34


    Almost two years ago, I hosted Gary Antonacci, who specializes in investing using momentum anomalies, and that episode was very popular among listeners. Partly due to the fact that such investment model can be straightforward, and in a way, because it is also not very time-consuming. Which, for the sake of clarity, doesn't mean that the investment process itself is mentally simple. Today I am pleased to host Gary again, but we are talking about an approach to investing that is at the opposite extreme of the momentum anomaly. While momentum takes advantage of long-term trends, today, Gary will tell us how to take advantage of short-term, counter-trend market anomalies in a situation where the market is extremely overbought or oversold.

    STS 018 – Rick Ferri: Why should most investors invest passively?

    Play Episode Listen Later Dec 15, 2020 51:46


    Episode page: https://systemtrader.show/018Rick Ferri, a guest of today's episode, is a well-known person in the investment industry for years. He is a retired US Marine and fighter pilot. He worked as a broker and portfolio manager in an investment company and got the CFA title. Currently, he works mainly as a consultant in the area of cheap index investing. Rick is also the author of numerous books for investors and the host of the Bogleheads podcast, which is for anyone looking for a smart approach to investing and personal finance.In this episode, we talk about the philosophy of index investing proposed by Jack Bogle, founder of Vanguard. You will learn about the reasons why Rick proposes to invest through cheap index funds and ETFs. Rick also explains how to approach building a portfolio step by step. I ask my guest, among other things, what will happen when everyone starts to invest passively.

    STS 017 – Wes Gray: Don't try too hard, have a long horizon, be patient and trust the process

    Play Episode Listen Later Oct 29, 2020 76:55


    Episode page: https://systemtrader.show/017Wes Gray after serving as a Captain in the United States Marine Corps earned an MBA and a PhD in the finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. He worked as a finance professor at Drexel University. He then found Alpha Architect -- a research-intensive asset management firm with a focus on high-conviction value and momentum factor exposures.In this interview, we talk about why it's so important to have a process, trust it, be patient and to have a long-term investment perspective. Wes explains that no strategy works all the time and that pain is always a part of successful investing.

    STS 017 – Wes Gray: Don't try too hard, have a long horizon, be patient and trust the process

    Play Episode Listen Later Oct 29, 2020 76:55


    Episode page: https://systemtrader.show/017Wes Gray after serving as a Captain in the United States Marine Corps earned an MBA and a PhD in the finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. He worked as a finance professor at Drexel University. He then found Alpha Architect -- a research-intensive asset management firm with a focus on high-conviction value and momentum factor exposures.In this interview, we talk about why it's so important to have a process, trust it, be patient and to have a long-term investment perspective. Wes explains that no strategy works all the time and that pain is always a part of successful investing.

    STS 016 – Meb Faber: Why an investment plan is a must and how to behave in the period of a market crash?

    Play Episode Listen Later Apr 24, 2020 82:01


    Meb Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management. His speciality is quant investing. Meb is the host of The Meb Faber Show podcast and has authored numerous white papers and books. He is a frequent speaker and writer on investment strategies and has been featured in Barron’s, The Wall Street Journal, The New York Times, and The New Yorker.In this episode, we talk why you need an investment plan, why the systematic approach is helping to have a better decision-making process, how to behave in the period of a market crash, is dividend investing a right approach for most of us, and many other topics. Only practical knowledge, no-nonsense theory.

    STS 016 – Meb Faber: Why an investment plan is a must and how to behave in the period of a market crash?

    Play Episode Listen Later Apr 24, 2020 82:01


    Meb Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management. His speciality is quant investing. Meb is the host of The Meb Faber Show podcast and has authored numerous white papers and books. He is a frequent speaker and writer on investment strategies and has been featured in Barron’s, The Wall Street Journal, The New York Times, and The New Yorker.In this episode, we talk why you need an investment plan, why the systematic approach is helping to have a better decision-making process, how to behave in the period of a market crash, is dividend investing a right approach for most of us, and many other topics. Only practical knowledge, no-nonsense theory.

    STS 015 – Over a billion dollars in a single day – Robert Carver, an ex-hedge fund manager about professional approach to systematic trading

    Play Episode Listen Later Dec 20, 2019 94:47


    Robert Carver worked in the City of London for over a decade. For seven years he was a portfolio manager at AHL -- one of the world's largest systematic hedge funds -- before, during and after the global financial meltdown of 2008.In this interview, we talk about many trading topics, mostly around the systematic approach and why it's so important for most of us to base the decison-making process on rules rather than discretion. Robert also explains why the most important factor to consider when investing is risk.You can hear how people managing billions of dollars were considering liquidation of market positions during the 2008 crisis, while at the same time, mechanical strategies made over a billion dollars in a single day. The fund's computer system had stuck to its preprogrammed set of trading rules and mechanically exploited the market moves almost to perfection, while terrified humans had discussed closing it down.Although we discussed many negative aspects of trading and investing, there's a positive message to all of as well. With enough discipline and work, most of us may construct an investing vehicle at home and build our own capital successfully.On my website at systemtrader.show/015 you can find show notes to this episode. If you consider this material as valuable, please share it with others. Thank you!

    STS 015 – Over a billion dollars in a single day – Robert Carver, an ex-hedge fund manager about professional approach to systematic trading

    Play Episode Listen Later Dec 20, 2019 94:47


    Robert Carver worked in the City of London for over a decade. For seven years he was a portfolio manager at AHL -- one of the world's largest systematic hedge funds -- before, during and after the global financial meltdown of 2008.In this interview, we talk about many trading topics, mostly around the systematic approach and why it's so important for most of us to base the decison-making process on rules rather than discretion. Robert also explains why the most important factor to consider when investing is risk.You can hear how people managing billions of dollars were considering liquidation of market positions during the 2008 crisis, while at the same time, mechanical strategies made over a billion dollars in a single day. The fund's computer system had stuck to its preprogrammed set of trading rules and mechanically exploited the market moves almost to perfection, while terrified humans had discussed closing it down.Although we discussed many negative aspects of trading and investing, there's a positive message to all of as well. With enough discipline and work, most of us may construct an investing vehicle at home and build our own capital successfully.On my website at systemtrader.show/015 you can find show notes to this episode. If you consider this material as valuable, please share it with others. Thank you!

    STS 014 – Paul Novell: investing for a living, financial independence and early retirement

    Play Episode Listen Later Nov 22, 2019 73:50


    It happens very often that we work because we don't see any alternatives. Our job may be annoying as hell, we may even hate it, but the reality seems like we don't have any other options. We have a mortgage, we have a family to maintain, or our qualifications aren't allowing us to do something new. So we don't dare to do something new, and we don't have a plan, we're just drifting -- day by day.My guest, Paul Novell, talks in this episode how he decided to live the life he wants to live. He left the semiconductor industry, a well-paid job at around 40, to pursue a more independent life. Already since 2006, his primary source of income is from investments.I discuss with Paul many investment topics. It's interesting to learn how Paul was maturing over the years, how he switched slowly from discretionary dividend investing towards quantitative and tactical asset allocation investment systems.For more please visit: https://systemtrader.show/014

    STS 014 – Paul Novell: investing for a living, financial independence and early retirement

    Play Episode Listen Later Nov 22, 2019 73:50


    It happens very often that we work because we don't see any alternatives. Our job may be annoying as hell, we may even hate it, but the reality seems like we don't have any other options. We have a mortgage, we have a family to maintain, or our qualifications aren't allowing us to do something new. So we don't dare to do something new, and we don't have a plan, we're just drifting -- day by day.My guest, Paul Novell, talks in this episode how he decided to live the life he wants to live. He left the semiconductor industry, a well-paid job at around 40, to pursue a more independent life. Already since 2006, his primary source of income is from investments.I discuss with Paul many investment topics. It's interesting to learn how Paul was maturing over the years, how he switched slowly from discretionary dividend investing towards quantitative and tactical asset allocation investment systems.For more please visit: https://systemtrader.show/014

    STS 013 – Jack Vogel: Market anomalies and quantitative approach to investing

    Play Episode Listen Later Oct 23, 2019 42:03


    Investing is simple, but not easy, as Warren Buffett says. And yes -- technically the investment process should be as simple as possible. But does it mean that an average investor should not even think about active investment strategies and entirely rely on a passive portfolio? Which strategy is best to follow? And will it work tomorrow?In this interview, my guest, Jack Vogel from Alpha Architect, talks about many trading topics, including momentum and mean reversion market anomalies.

    STS 013 – Jack Vogel: Market anomalies and quantitative approach to investing

    Play Episode Listen Later Oct 23, 2019 42:03


    Investing is simple, but not easy, as Warren Buffett says. And yes -- technically the investment process should be as simple as possible. But does it mean that an average investor should not even think about active investment strategies and entirely rely on a passive portfolio? Which strategy is best to follow? And will it work tomorrow?In this interview, my guest, Jack Vogel from Alpha Architect, talks about many trading topics, including momentum and mean reversion market anomalies.

    STS 012 – James Di Virgilio & Dan Korth: professional advisors about Dual Momentum investing

    Play Episode Listen Later Jun 19, 2019 85:05


    The investment strategy described by Gary Antonacci in my previous episode is not only a theoretical model. Today I have a pleasure to present you two separate discussions with people being professional financial advisors in the United States. One thing they have in common is that in their investment process, they use an idea introduced by Gary. What I’ll try to find out is why they got interested in Dual Momentum. In this episode:- Assets allocation and tactical money management- Value investing/fundamental analysis- How rule-based, systematic trading approach can be used?- What are the main reasons why most people are poor traders/investors?- Why dynamic allocation is so important, how it works in Dual Momentum and how it’s different from permanent diversification?- Trend-following strategy based on diversified futures portfolio vs. momentum applied on stock indices- Myopia problem — why paying too much attention to short-term performance can skew our long-term investment strategy?- Can average investor/trader compete with professionals?- Proprietary Dual Momentum models- How should we approach the model backtesting to avoid curve-fitting pitfall?- What is a Fiduciary?

    STS 012 – James Di Virgilio & Dan Korth: professional advisors about Dual Momentum investing

    Play Episode Listen Later Jun 19, 2019 85:05


    The investment strategy described by Gary Antonacci in my previous episode is not only a theoretical model. Today I have a pleasure to present you two separate discussions with people being professional financial advisors in the United States. One thing they have in common is that in their investment process, they use an idea introduced by Gary. What I’ll try to find out is why they got interested in Dual Momentum. In this episode:- Assets allocation and tactical money management- Value investing/fundamental analysis- How rule-based, systematic trading approach can be used?- What are the main reasons why most people are poor traders/investors?- Why dynamic allocation is so important, how it works in Dual Momentum and how it’s different from permanent diversification?- Trend-following strategy based on diversified futures portfolio vs. momentum applied on stock indices- Myopia problem — why paying too much attention to short-term performance can skew our long-term investment strategy?- Can average investor/trader compete with professionals?- Proprietary Dual Momentum models- How should we approach the model backtesting to avoid curve-fitting pitfall?- What is a Fiduciary?

    STS 011 – Gary Antonacci: combining relative strength price momentum with absolute momentum

    Play Episode Listen Later Apr 24, 2019 81:44


    Gary has over 40 years’ experience as an investment professional. After receiving his MBA degree from the Harvard Business School he concentrated on researching and developing innovative investment strategies that have their basis in academic research.Gary’s innovative research on momentum investing was the first-place winner in 2012 and the second-place winner in 2011 of the prestigious Wagner Awards for Advances in Active Investment Management given annually by the National Association of Active Investment Managers.

    STS 011 – Gary Antonacci: combining relative strength price momentum with absolute momentum

    Play Episode Listen Later Apr 24, 2019 81:44


    Gary has over 40 years’ experience as an investment professional. After receiving his MBA degree from the Harvard Business School he concentrated on researching and developing innovative investment strategies that have their basis in academic research.Gary’s innovative research on momentum investing was the first-place winner in 2012 and the second-place winner in 2011 of the prestigious Wagner Awards for Advances in Active Investment Management given annually by the National Association of Active Investment Managers.

    STS 010 – Linda Raschke: Trading Sardines, a 21st-century version of Reminiscences of a Stock Operator

    Play Episode Listen Later Mar 24, 2019 95:16


    Linda began her professional trading career in 1981 as a market maker in options. She became a registered Commodity Trading Advisor in 1992. She worked as a principal trader for several funds. In 2002 she started her own hedge fund, which was ranked 17th out of 4500 for best 5-year performance by BarclaysHedge.Jack Schwager recognised her great talent in his famous Market Wizards series. Since 2015 Linda continues to trade daily for her own account. In the world of professional trading and money management, Linda Raschke stands out from the crowd for three factors: performance, longevity and consistency.Most frequently when talking about trading, we focus on its positive aspects. Linda Raschke takes a different perspective in this interview sharing with us market lessons while highlighting the tension between luck, risk, and passion.To me, it’s an extraordinary interview with an extraordinary person summarising her great book titled “Trading Sardines”. It is indeed a 21st-century version of “Reminiscences of a Stock Operator”! Linda although being so successful as a professional trader, openly admits how repeatedly got her ass kicked by the markets.It sounds so attractive when we can mention how you feel making one million in one single day. Linda, however, puts an accent on being on the wrong side of outliers so many times that it is well beyond the random. Rare events are happening more often than we may think, especially if you are on the markets so long as Linda.

    trading rare 21st century sardines reminiscences market wizards jack schwager raschke stock operator linda raschke commodity trading advisor
    STS 010 – Linda Raschke: Trading Sardines, a 21st-century version of Reminiscences of a Stock Operator

    Play Episode Listen Later Mar 24, 2019 95:16


    Linda began her professional trading career in 1981 as a market maker in options. She became a registered Commodity Trading Advisor in 1992. She worked as a principal trader for several funds. In 2002 she started her own hedge fund, which was ranked 17th out of 4500 for best 5-year performance by BarclaysHedge.Jack Schwager recognised her great talent in his famous Market Wizards series. Since 2015 Linda continues to trade daily for her own account. In the world of professional trading and money management, Linda Raschke stands out from the crowd for three factors: performance, longevity and consistency.Most frequently when talking about trading, we focus on its positive aspects. Linda Raschke takes a different perspective in this interview sharing with us market lessons while highlighting the tension between luck, risk, and passion.To me, it’s an extraordinary interview with an extraordinary person summarising her great book titled “Trading Sardines”. It is indeed a 21st-century version of “Reminiscences of a Stock Operator”! Linda although being so successful as a professional trader, openly admits how repeatedly got her ass kicked by the markets.It sounds so attractive when we can mention how you feel making one million in one single day. Linda, however, puts an accent on being on the wrong side of outliers so many times that it is well beyond the random. Rare events are happening more often than we may think, especially if you are on the markets so long as Linda.

    trading rare 21st century sardines reminiscences market wizards jack schwager raschke stock operator linda raschke commodity trading advisor
    STS 009 – Andreas Clenow: quant approach to trend following and equity momentum strategies

    Play Episode Listen Later Feb 26, 2019 93:38


    Andreas Clenow is a Chief Investment Officer located in Zurich, Switzerland, overseeing many investment strategies over a nine-figure asset base. In today’s interview, we focus mostly on his work within a quant hedge fund. We are covering many trading topics, including trend following strategies and equity momentum strategies. You can also find out why trading own money is not always the best option to do.Andreas is an author of international bestsellers titled Following the Trend and Stocks on the Move. These books present a quantitative approach to modelling the markets with extensive backtest results. You can also learn from the practitioner how hedge fund business looks from the inside.No worries if math or statistics is your Achilles’ heel. As Andreas says, scientific papers often are unnecessarily obfuscating the knowledge so that it’s not easily accessible to everyone. He proves it doesn’t have to be the case, explaining complex things, as we could think, in an easy way.

    STS 009 – Andreas Clenow: quant approach to trend following and equity momentum strategies

    Play Episode Listen Later Feb 26, 2019 93:38


    Andreas Clenow is a Chief Investment Officer located in Zurich, Switzerland, overseeing many investment strategies over a nine-figure asset base. In today’s interview, we focus mostly on his work within a quant hedge fund. We are covering many trading topics, including trend following strategies and equity momentum strategies. You can also find out why trading own money is not always the best option to do.Andreas is an author of international bestsellers titled Following the Trend and Stocks on the Move. These books present a quantitative approach to modelling the markets with extensive backtest results. You can also learn from the practitioner how hedge fund business looks from the inside.No worries if math or statistics is your Achilles’ heel. As Andreas says, scientific papers often are unnecessarily obfuscating the knowledge so that it’s not easily accessible to everyone. He proves it doesn’t have to be the case, explaining complex things, as we could think, in an easy way.

    STS 008 – Larry Connors: Buy the fear, sell the greed

    Play Episode Listen Later Dec 17, 2018 32:47


    Larry Connors has over three decades of experience in the financial markets industry and is widely regarded as one of the leading professionals, especially when it comes to systematic quantified short-term trading.He is the author of many highly acclaimed books including “How Markets Really Work” and “Short Term Trading Strategies That Work“. Larry co-wrote “Street Smarts” with Market Wizard’s legend Linda Raschke. The Technical Analysis of STOCKS & COMMODITIES Magazine selected this book as one of “The Classics” for trading books written in the 20th century.Today we talk about his latest book, “Buy the fear, sell the greed: 7 behavioural quant strategies for traders“, which proves that behavioural factors can be quantified and used on the markets.I strongly encourage you to listen to the whole episode, as Larry is fully disclosing one of his strategies from the book, which is really very powerful and having a winning percentage over 90%!

    STS 008 – Larry Connors: Buy the fear, sell the greed

    Play Episode Listen Later Dec 17, 2018 32:47


    Larry Connors has over three decades of experience in the financial markets industry and is widely regarded as one of the leading professionals, especially when it comes to systematic quantified short-term trading.He is the author of many highly acclaimed books including “How Markets Really Work” and “Short Term Trading Strategies That Work“. Larry co-wrote “Street Smarts” with Market Wizard’s legend Linda Raschke. The Technical Analysis of STOCKS & COMMODITIES Magazine selected this book as one of “The Classics” for trading books written in the 20th century.Today we talk about his latest book, “Buy the fear, sell the greed: 7 behavioural quant strategies for traders“, which proves that behavioural factors can be quantified and used on the markets.I strongly encourage you to listen to the whole episode, as Larry is fully disclosing one of his strategies from the book, which is really very powerful and having a winning percentage over 90%!

    STS 007 – Robert Pardo: legendary trader and long-term hedge fund manager

    Play Episode Listen Later Nov 26, 2018 61:53


    Robert Pardo is a legendary trader and long-term hedge fund manager. He worked with global firms like Goldman Sachs and Dunn Capitals Management. He’s a pioneer in algorithmic trading and inventor of Walk Forward Analysis. Using his excellent trading system and sound risk management he made 142% return in 2008 and was a Trader of the Year – Futures 2008.Today we discuss various trading topics, including the reliable testing methodology — Walk Forward Analysis.Enjoy the show!

    STS 007 – Robert Pardo: legendary trader and long-term hedge fund manager

    Play Episode Listen Later Nov 26, 2018 61:53


    Robert Pardo is a legendary trader and long-term hedge fund manager. He worked with global firms like Goldman Sachs and Dunn Capitals Management. He’s a pioneer in algorithmic trading and inventor of Walk Forward Analysis. Using his excellent trading system and sound risk management he made 142% return in 2008 and was a Trader of the Year – Futures 2008.Today we discuss various trading topics, including the reliable testing methodology — Walk Forward Analysis.Enjoy the show!

    STS 006 – Kevin Davey: world champion in futures algorithmic trading

    Play Episode Listen Later Oct 8, 2018 99:42


    Kevin Davey is a full-time professional algorithmic trader, specialising mostly in futures. Using his trading systems he generated annual returns of 148%, 107% and 112% in three consecutive World Cup of Futures Trading Championships.Today we discuss various trading topics, including the reliable trading system development process, so that developed systems may look good not only on the past data.I encourage you to visit my website at systemtrader.show/006, where you can find more materials related to this episode.Enjoy the show!

    STS 006 – Kevin Davey: world champion in futures algorithmic trading

    Play Episode Listen Later Oct 8, 2018 99:42


    Kevin Davey is a full-time professional algorithmic trader, specialising mostly in futures. Using his trading systems he generated annual returns of 148%, 107% and 112% in three consecutive World Cup of Futures Trading Championships.Today we discuss various trading topics, including the reliable trading system development process, so that developed systems may look good not only on the past data.I encourage you to visit my website at systemtrader.show/006, where you can find more materials related to this episode.Enjoy the show!

    STS 005 – Tom Basso: legendary trend follower

    Play Episode Listen Later Sep 11, 2018 122:45


    Tom Basso is another Market Wizard from a renowned Jack Schwager book series, which appears on my show. It is an unusual occasion to ask him how is he going after 26 years since the famous interview. How does he see the markets after such an extensive trading experience?Although he didn’t know too much about the British pound fundamentals or economy, he made a bunch of money at the same time when George Soros was shorting it. How he did it? Was it pure luck?No. My guest believes that big trends happen in the markets. And when it happens, he just needs to squeeze it like a lemon. No complex entry/exit signals. No fancy charting. He puts, however, a great focus on risk management. At the same time, he is very patient and strategic. He doesn’t have to be profitable every day, every week or even month. But all he does is carefully planned. And in the long run, his trading approach is very profitable. For decades.After all, he was featured in Jack Schwager’s Market Wizards book in 1992. For a good reason.In 2003 he happily retired at the age of 51 years. And today he’s still actively trading on his private account using the same, old methodology — trend following.If you haven’t yet guessed, yes, Tom Basso is on my show today! Enjoy the ride!

    STS 005 – Tom Basso: legendary trend follower

    Play Episode Listen Later Sep 11, 2018 122:45


    Tom Basso is another Market Wizard from a renowned Jack Schwager book series, which appears on my show. It is an unusual occasion to ask him how is he going after 26 years since the famous interview. How does he see the markets after such an extensive trading experience?Although he didn’t know too much about the British pound fundamentals or economy, he made a bunch of money at the same time when George Soros was shorting it. How he did it? Was it pure luck?No. My guest believes that big trends happen in the markets. And when it happens, he just needs to squeeze it like a lemon. No complex entry/exit signals. No fancy charting. He puts, however, a great focus on risk management. At the same time, he is very patient and strategic. He doesn’t have to be profitable every day, every week or even month. But all he does is carefully planned. And in the long run, his trading approach is very profitable. For decades.After all, he was featured in Jack Schwager’s Market Wizards book in 1992. For a good reason.In 2003 he happily retired at the age of 51 years. And today he’s still actively trading on his private account using the same, old methodology — trend following.If you haven’t yet guessed, yes, Tom Basso is on my show today! Enjoy the ride!

    STS 004 – Andrea Unger: 4-Time World Trading Champion

    Play Episode Listen Later Jun 3, 2018 59:57


    Today I have a great pleasure and honour to chat with Andrea Unger. He’s the only trader winning the World Cup Championships 4 times! Until now no one has achieved such thing except Andrea!He’s a fully systematic trader, and in this episode, he describes why he has chosen such trading approach.In this episode he talks about his procedure for building and testing mechanical systems, how to know when risking more is pointless, and many other topics.What I like especially very much in the way Andrea talks about trading, is that he’s extremely honest. He’s not promising an easy way to quickly get rich via trading, but on the other hand, he’s a great example that a passion and hard work significantly helps to be successful on the market.I hope you will enjoy the show!

    champion trading andrea unger world cup championships
    STS 004 – Andrea Unger: 4-Time World Trading Champion

    Play Episode Listen Later Jun 3, 2018 59:57


    Today I have a great pleasure and honour to chat with Andrea Unger. He’s the only trader winning the World Cup Championships 4 times! Until now no one has achieved such thing except Andrea!He’s a fully systematic trader, and in this episode, he describes why he has chosen such trading approach.In this episode he talks about his procedure for building and testing mechanical systems, how to know when risking more is pointless, and many other topics.What I like especially very much in the way Andrea talks about trading, is that he’s extremely honest. He’s not promising an easy way to quickly get rich via trading, but on the other hand, he’s a great example that a passion and hard work significantly helps to be successful on the market.I hope you will enjoy the show!

    champion trading andrea unger world cup championships
    STS 003 – Perry Kaufman: from the Apollo program to fully automated trading

    Play Episode Listen Later May 24, 2018 69:55


    Today I have a great pleasure to interview a true icon in the world of systematic trading. Ladies and gentlemen, today you can listen to my interview with Perry Kaufman!He began his career in the aerospace industry as a rocket scientist, and his work was used in the Apollo missions. He moved then to trading.His trading career began in 1971, in the futures market, and since the very beginning, he was involved in constructing algorithmic trading systems. He was working with the greatest CTAs and financial institutions.He’s an author of many highly acclaimed books. And in this episode, we talk about topics discussed in his latest work titled “A Guide to Creating A Successful Algorithmic Trading Strategy”.So, let’s start — I hope you will enjoy!

    STS 003 – Perry Kaufman: from the Apollo program to fully automated trading

    Play Episode Listen Later May 24, 2018 69:55


    Today I have a great pleasure to interview a true icon in the world of systematic trading. Ladies and gentlemen, today you can listen to my interview with Perry Kaufman!He began his career in the aerospace industry as a rocket scientist, and his work was used in the Apollo missions. He moved then to trading.His trading career began in 1971, in the futures market, and since the very beginning, he was involved in constructing algorithmic trading systems. He was working with the greatest CTAs and financial institutions.He’s an author of many highly acclaimed books. And in this episode, we talk about topics discussed in his latest work titled “A Guide to Creating A Successful Algorithmic Trading Strategy”.So, let’s start — I hope you will enjoy!

    STS 002 – Thomas Stridsman: an expert in short term trend following strategies

    Play Episode Listen Later May 24, 2018 61:36


    Today I have a great pleasure to interview Thomas Stridsman. He’s very well known in the industry of system trading, having over 20 years of experience. He was writing for Futures magazine in the 90s. He’s an author of two books: (1) Trading Systems That Work and (2) Trading Systems and Money Management.At the moment Thomas is running his fund at Alfakraft in Sweden, where he’s using strategies based on short-term trend following approach.In this episode, we talk about his approach to trading, the importance of position sizing, how to build a robust strategy and artificial intelligence.I hope you will enjoy the show!

    STS 001 – Linda Bradford Raschke: a market wizard from the Wall Street

    Play Episode Listen Later Feb 27, 2018 84:49


    Hello to everyone! Today we have an exceptional guest! Very renowned trader — Linda Bradford Raschke. Linda began her professional trading career in 1981 making markets in options, as a member of two exchanges. She became a registered CTA in 1992. Linda’s hedge fund was ranked 17th out of 4500 for best five years performance.Jack Schwager recognised her early success in his famous Market Wizards series. In this podcast, she describes her approach to trading and shares lots of tips how to become a professional trader.

    STS 001 – Linda Bradford Raschke: a market wizard from the Wall Street

    Play Episode Listen Later Feb 27, 2018 84:49


    Hello to everyone! Today we have an exceptional guest! Very renowned trader — Linda Bradford Raschke. Linda began her professional trading career in 1981 making markets in options, as a member of two exchanges. She became a registered CTA in 1992. Linda’s hedge fund was ranked 17th out of 4500 for best five years performance.Jack Schwager recognised her early success in his famous Market Wizards series. In this podcast, she describes her approach to trading and shares lots of tips how to become a professional trader.

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