The Algorithmic Advantage 007 - David Bush of Alphatative - Mean Reversion Rhythms
Oct 14, 2023
David Bush, a trader of mega-cap US equities, talks about mean reversion and risk management. He discusses a specific strategy that profits and hedges positions during difficult regimes. David, an accomplished musician, shares the relationship between music and trading. The podcast explores different types of systems in a long short equity strategy, multiple sub strategies within a meta system, and the use of non-price data in market analysis. David also mentions his interest in genetic algorithmic strategies and analyzing cryptocurrency market setups.
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From Music to Markets
- David Bush's interest in trading sparked in his 20s while watching the ticker on CNBC.
- He transitioned from a music career to trading after a stint at a retail trading floor in the late 90s.
Music and Chart Analysis
- David's musical background as a drummer honed his pattern recognition skills, which translated into his analysis of charts.
- He found that charts resonated with him due to his experience with musical patterns.
2008 Volatility
- The exhaustion of discretionary trading during the 2008 market volatility pushed David toward quantitative trading.
- He found the constant decision-making mentally taxing, especially during volatile periods.