We have David Bush who is returning back for a second time on Chat With Traders. He was first with us on episode 23.
David started out as a discretionary trader over 20 years ago. Now he’s evolved into a quant trader. He’s definitely good at what he does as he’s come up first as the winner of two real trading contests recently.
When David and I last spoke, we talked a lot about his journey as a trader and a fairly extensive overview about his trading process. This time around, we spoke in greater detail about David’s trading process. One comment I particularly liked was when he said towards the interview about “Intensity, not time.”
I hope you get a lot of valuable insights from this interview. I definitely learned a lot!
What’s Covered in This Interview:
- David’s experience when he participated and won the NAAIM trading competition. He gives valuable insights on the one place most traders came unstuck when they were being questioned.
- How traders should think about their initial goals and objects for any trading strategy.
- How traders need to think about the types of objective functions to figure out the quality of their results and how flexible traders should be.
- David’s advice on developing strategies so it allows for change in the market structure. This includes thinking about simplicity versus complexity, statistical significance and degrees of freedom.
- David’s insight in the numerous ways that traders can backtest poorly. He gives advice on reducing curve-fitting and how to take your strategy live. He wants you to ask, are you gunslinger or a conservative?
- Common criticisms surrounding quantitative trading and how to recognize that we’re all alive in the “decade of data”
- Areas that David will focus on for 2017
Links and Resources:
- EP 023: David Bush – Listen to this episode for more insights into this amazing trader
- EP 085: Blair Hull – David references him in this episode
- Alphatative.com
- @Alphatative
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