103: Dave Bergstrom – Escaping Randomness, and Turning to Data for an Edge
Chat With Traders
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The Power of Monte Carlo Simulation
I think there's like three key points that kind of turned my trading around. And I think all of them have to do with having unrealistic expectations. If you take a back test drawdown and then people will kind of size their system or allocate enough money to that system based on that worst case scenario, they're not going to make 50 grand in 100 trades. So looking at that distribution and knowing where your equity curve is in that distribution can contribute a lot to survival and then ultimately success.
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