Better System Trader

235: How traders can compete in the markets and find profitable edges - Jason Strimpel

May 9, 2024
Jason Strimpel, founder of PyQuantNews, shares valuable insights on how traders can find profitable edges in the fast-paced markets. Topics include the dangers of brute-force data mining, identifying market inefficiencies, and the impact of behavioral patterns on trading strategies.
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ANECDOTE

Jason's Trading Journey

  • Jason Strimpel started trading and programming at 18, inspired by seeing the success symbolized by a Cadillac.
  • His journey included hedge funds, quantitative risk, crypto investing, and building analytics teams in global markets.
INSIGHT

Algorithmic Trading vs Luck

  • Discretionary trading often confuses luck with skill, with most beginners having no real edge.
  • Algorithmic trading leverages data and models to statistically distinguish skill from luck and capture true market inefficiencies.
ADVICE

Evolution To Systematic Trading

  • Successful traders evolve from discretionary to systematic by automating their trades and seeking market patterns beyond price charts.
  • Using more data and sophisticated tools like statistics and machine learning is key to identifying robust, repeatable trading edges.
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