Ep. 1105: A Double Punch with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Advantages of Ideas First in System Building
Data first is what most people think imagine you do as a systematic trader. But Jim Simons of Renaissance Capital has been doing this really strange, non-linear trading rules for a long time and very successfully. With the ideas first, you have the additional validation that you know why it works. I can see people who are using data first techniques and using them in a bad way. Both approaches work better in different scenarios.
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