052: Ernie Chan – How Quant Strategies Are Created, Scrutinized and Introduced to the Market
Chat With Traders
The Differences Between Discretionary and Quantitative Trading Strategies
The difference is not between discretionary trading or algorithmic trading the difference is between been reverting and momentum strategies. As a discretion trader very unlikely to be able to manage more than a small handful of strategies so as a result the equity curve will not be terribly smooth. The lack of diversification in the discretionary case I challenge a discretion trader to run you know seven day trading strategies simultaneously I don't know how they would be able to do thatYeah that's really great now I'm really keen to ask you more about back testing actually in a little bit but right now I'd like to ask you a couple questions about some of the less obvious differences between discretionary and quantitative trading. How does profit distribution
