The Craft of Investing
Kevin Davey is a full-time professional algorithmic trader, specialising mostly in futures. Using his trading systems he generated annual returns of 148%, 107% and 112% in three consecutive World Cup of Futures Trading Championships.
Today we discuss various trading topics, including the reliable trading system development process, so that developed systems may look good not only on the past data.
Enjoy the show!
Tom Basso is another Market Wizard from a renowned Jack Schwager book series, which appears on my show. It is an unusual occasion to ask him how is he going after 26 years since the famous interview. How does he see the markets after such an extensive trading experience?
Although he didn’t know too much about the British pound fundamentals or economy, he made a bunch of money at the same time when George Soros was shorting it. How he did it? Was it pure luck?
No. My guest believes that big trends happen in the markets. And when it happens, he just needs to squeeze it like a lemon. No complex entry/exit signals. No fancy charting. He puts, however, a great focus on risk management. At the same time, he is very patient and strategic. He doesn’t have to be profitable every day, every week or even month. But all he does is carefully planned. And in the long run, his trading approach is very profitable. For decades.
After all, he was featured in Jack Schwager’s Market Wizards book in 1992. For a good reason.
In 2003 he happily retired at the age of 51 years. And today he’s still actively trading on his private account using the same, old methodology — trend following.
If you haven’t yet guessed, yes, Tom Basso is on my show today! Enjoy the ride!
Win concept,Man holding up a gold trophy cup is winner in a competition with stock exchange background.
Today I have a great pleasure and honour to chat with Andrea Unger. He’s the only trader winning the World Cup Championships 4 times! Until now no one has achieved such thing except Andrea!
He’s a fully systematic trader, and in this episode, he describes why he has chosen such trading approach.
In this episode he talks about his procedure for building and testing mechanical systems, how to know when risking more is pointless, and many other topics.
What I like especially very much in the way Andrea talks about trading, is that he’s extremely honest. He’s not promising an easy way to quickly get rich via trading, but on the other hand, he’s a great example that a passion and hard work significantly helps to be successful on the market.
I hope you will enjoy the show!