My interview with The Investors Chronicle took place on January 16th 2016 and I have not changed my view.
The process of coding financial market trading systems is fascinating , but they never seem to last very long and their performance is never very consistent.
The legend of El Dorado, a fabulous golden city in South America, inspired many expeditions in the 16th Century in search of wealth and excess.
Embrace the positive avoid the negative.
Mechanical strategies for trading futures usually include fixed fractional position sizing to limit initial risk from any single trade.
Futures traders generally employ exit points in the form of volatility based stops for each position (established at initiation) determining when to cut a loss short and operating in conjunction with position sizing rules.
We are all looking to get rich quick. We are all looking for something for nothing. But few of us will succeed and even fewer will be able to retain the short-lived gains.
Who thinks finance, stock broking and fund management are respectable professions dedicated to increasing the wealth of their customers?
If you want long term investment success, then trade as seldom as possible.