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182: How to identify high probability markets - David Steets
Better System Trader
Is Disdiscretion a Part of the Model?
Even though this is a systematic and quantitative-based model, you still think that discretion has a place in managing it based on what's happening in the markets? Yeah, I think so. I think the weighing of what is important at the moment is largely a discretionary process. They sometimes work, they sometimes don't. In the end, it's largely a random process to market. All the edges are going to be just a slight tilt into a direction. So if I say we have a 60% chance to be down over the next month, you can always invert that idea and say, four out of 10 times, that will be wrong. That would be the correct analysis. Sure
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