Entries by lbernut

The psychology of stop loss

Diets don’t work. There has never been as many methods in the history of mankind. Meanwhile, we are all getting fatter year after year. Diets just solve the wrong problem. The issue is not the food we ingest; it is how we relate to it. If instead of juicy, delicious, melting, tender, we associated beefsteaks with increased risks of coronary […]

Better System Trader: Questions from the audience

These are questions from the audience on the Better System Trader podcast with Andrew Swanscott. I am honored and humbled by the interest of listeners. We did not have time to cover all questions, so here are some written answers. If You have questions, please feel free to ask Trading Psychology From: Jim The mind plays […]

Is a quant trader who does quantitative analysis but then trades discretionarily based on his analysis still considered a “quant”?

Answer by Laurent Bernut: if Quant means systematic then the answer is easy. Being a systematic trader is like being pregnant: either You are, either You are not. You cannot be half pregnant. 95% systematic with a 5% discretionary overlay is still 100% discretionary for a simple reason: the power of No. It is not […]

Better System Trader 2nd Interview:

  Andrew Swanscott has one of the best podcasts on trading out there. He has brilliantly interviewed world trading champions, legends such as Van Tharp, Larry Williams, Jerry Parker, Perry Kaufman etc. In each episode, there is a nugget of wisdom. One word of caution though: Better System Trader is more addictive than chocolate. It was an honour to be interviewed on […]

Quora.com: What-do-the-fund-managers-that-consistently-beat-the-market-do-differently-when-picking-stocks-than-those-who-cant-beat-the-market

https://www.quora.com/What-do-the-fund-managers-that-consistently-beat-the-market-do-differently-when-picking-stocks-than-those-who-cant-beat-the-market Great fund managers are not smarter, they have smarter portfolio management habits. Making money is not about trying to be right, it is about accepting to be wrong and move on. That is much easier for married men… Portfolio Manager serenity prayer No manager consistently beats the markets. Every style has its peaks and […]