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064: Nick Radge – The Casino Edge, Mean Reversion Strategies, and How to Develop Robust Trading Systems

Chat With Traders

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Trades Skipping Monte Carlo Simulations

A Monte Carlo simulation is basically the question, what if? What if the past was slightly different to what is showing? So for example, we do a lot of stress testing on our trading strategies. It will give us an output of a different number of scenarios. And the tide of that output is the more robust the system is going to be. Chat with traders is brought to you by composer.trade,. quant funds such as Renaissance, Citadel, and Two Sigma have been consistently beating the market for decades using complex algorithms unless you've got a PhD or are a Python expert adding trading algos to your portfolio has been nearly impossible until now.

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