005: Kevin Davey discusses important aspects of system development, the best systems to use, the correct backtesting process and how to be a successful trader
Better System Trader
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The Simple Answer Is the Best Answer
In the book, universal principles of successful triting, you are quretid as saying, for m being a successful triter means employing principle of ocamsrise. Can you explain what that is and how it applies to triting? Well, a william of acam was a, i think, a thirteenth or fourteenth century monk,. He came up with this principle that when you have a choice between a simple answer and a complicated answer, the simple answer is usually better. So all things being equal, thesimple answer is usually the right answer, or the best answer. And i use that in trading all the time. That's a really my whole strategy development
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