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030: Highlights and insights from Episodes 1- 20

Better System Trader

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How to Avoid Data Mining and Over Optimization in Trend Following Strategies

Jerry Parker started his trading career in 1983 as one of the original total traders and is now the chairman and CEO of Global Investment Manager Chesapeake Capital. Jerry's answer to avoiding data mining was one entry, one exit and a stop loss. He also said don't tweak very often. Trade lots of entries, trade lots of exits and get rid of that desire to find the one or couple of systems that are going to be the best. You can't do it. It's not possible.

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