090: Michael Halls-Moore – This Quants' Approach to Designing Algo Strategies
Chat With Traders
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The Importance of Disdiscretion in Quantitative Trading
As a quant you're constantly trying to eliminate all of these sort of psychological biases, and that's kind of baked in to your risk management. So the main reason for this is it's measurable, then it's objective. You're not going on hunches. You'renot going on gut feels. You're sort of eliminating all of your own biases as much as possible. And then it's only down to the raw maths and statistics of it, if you like. No, 100% makes sense. I would say as a flipside that people do have a tendency to get very myopic as well about blindly following the numbers just because the numbers say things. If you've got incomplete
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