Wed, 28 December 2016
Brendan Poots is the founder of sports betting hedge fund, The Priomha Group, who mainly bet on football, cricket, golf and also horse racing and tennis.
Priomha setup shop in Melbourne (Australia) in 2010, and more recently, have expanded with a second location in Gibraltar (Europe). From inception up to the release of this episode, Priomha’s Cloney fund has returned a little over 220%.
From listening to our discussion, you’ll gain great insight to how Brendan runs his operation—from getting investors to buy in, to controlling risk and minimizing the volatility of returns, and how the fund makes money trading sports games.
Direct download: 105_20How20a20former-punter20pioneered20a20premier20sports20betting20hedge20fund20E2809320Brendan20Poots.mp3
Category:trading -- posted at: 5:33pm EST
Wed, 21 December 2016
Alex (@AT09_Trader) is a 22-year old, discretionary day trader, who’s seen great results in the few years he’s been grinding away at this. He trades small caps, and he trades aggressively—as you’ll soon hear, Alex is far from conservative.
This conversation was recorded on the 16th of November (2016), right around the time when the madness in the shipping sector was unfolding. So we got talking about the ticker DRYS and how Alex racked up a $40k loss a day or two before our interview (although, he had his first +$100k day shortly after too).
Also we spoke about how Alex got started, the types of trade scenarios that he looks for, areas that he’s working on to improve, and also his venture into real estate—where he flipped a foreclosure property for a tidy profit, plus much more.
Note: Nothing you hear on this podcast is financial advice. You’re entirely responsible for your own trading decisions.
Direct download: 104_20An20appetite20for20risk2C20and20hitting20hard20when20opportunity20arises20Alex2C2040AT09_Trader.mp3
Category:trading -- posted at: 3:25pm EST
Mon, 19 December 2016
Machine learning is a hot topic right now, with a lot of people wondering how it could be used in finance and trading. Used naively, machine learning poses a great deal of risk. We’ll discuss why that’s the case and also some good ways to use it carefully.
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Direct download: Q5_20Good2028and20Not20So20Good2920Uses20of20Machine20Learning20in20Finance20w_20Max20Margenot202620Delaney20Mackenzie.mp3
Category:trading -- posted at: 7:58pm EST
Wed, 14 December 2016
On this episode, I’m joined by a quant trader who works at a high frequency trading firm—though you might be surprised to hear, he started out on the same path that many retail traders do—his name is; Dave Bergstrom.
The thing that makes Dave unique from most traders who’ve been on this podcast previously, is how he uses data-mining techniques to develop trading strategies. Though data-mining, in trading, often has a negative connotation attached to it, Dave believes this stems from bad practices and poor evaluation of methods.
In addition to the above and ways to reduce curve-fitting, we talk about escaping randomness, learning to write code, Dave’s three laws for strategy development, setting expectations and plenty more.
Q+A: Got a question for Dave? Write in the comments area at chatwithtraders.com/103.
Direct download: 103_20Escaping20randomness2C20and20turning20to20data20for20an20edge20w_20Dave20Bergstrom.mp3
Category:trading -- posted at: 4:50pm EST
Mon, 12 December 2016
When one has a price model that they think will work well for forecasting returns, the next step is to actually trade it. This isn’t that simple for a variety of reasons. For one thing, you need to define how much risk you’re okay with taking on in a portfolio, and then try to maximize your returns while staying within those boundaries. This is the foundation of modern portfolio theory—we’ll discuss some real life issues with this.
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Direct download: Q4_20Portfolio20Optimization20E2809320Risk20Preferences20In2C20Trades20Out20w_20Scott20Sanderson202620Delaney20Mackenzie.mp3
Category:trading -- posted at: 5:41pm EST
Wed, 7 December 2016
Eugene Soltes is an author and finance professor at Harvard Business School.
Over the past eight years, give or take, he’s spent a lot of time with many big-time executives and professionals who have been convicted of major financial crimes, such as; cooking the books, fraud, Ponzi schemes, and insider trading.
What initially began as nothing other than self-interest has materialized into a 464-page hardcover book, which was released in October this year (2016). The book is titled, Why They Do It: Inside the Mind of the White-Collar Criminal.
Intrigued by the subject matter, I invited Eugene onto the podcast and we got talking about; how Bernie Madoff became the mastermind behind the biggest fraudulent scheme in US history—sucking billions of dollars from unsuspecting investors, some of the notorious insider trading cases, and ultimately, why they do it.
Direct download: 102_20Unraveling20a202465-billion20Ponzi20scheme20and20notorious20cases20of20insider20trading20w.20Eugene20Soltes.mp3
Category:trading -- posted at: 5:51pm EST
Mon, 5 December 2016
In practice, no one trading model will ever be that good on its own. Luckily statistics has come up with a lot of theory about how you can combine weaker models to create better overall predictions. We’ll discuss how to combine many different trading signals into overall models and some of the practical considerations in doing so.
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Direct download: Q3_20Seeking20Alpha_20Try20MORE20Alpha20Factors20w_20Jonathan20Larkin202620Delaney20Mackenzie.mp3
Category:trading -- posted at: 5:01pm EST
Wed, 30 November 2016
My guest for episode 1-0-1 is Siam Kidd, from Norwich in the UK. He’s a former-air force pilot, turned retail trader. He’s also a serial entrepreneur, and on a quest to dramatically improve the schooling system.
We got to chat about his shaky beginnings as a trader, his rock bottom moment, and how he trades currency pairs—using a technical-driven approach, with the goal of catching major trends when they happen.
During the later half, I ask Siam about why he got into business, how he’s found the ability to “think big” and how he’s gotten to a point where he now owns fifteen businesses. Then we also talk about flaws in the schooling system, Siam’s grand scheme, and what the future has in store for us.
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Direct download: 101_20Latching20onto20trends2C20strategic20business20moves2C20and20breaking20the20norm20w_20Siam20Kidd.mp3
Category:trading -- posted at: 5:05pm EST
Mon, 28 November 2016
Factors are at the core of a modern quant equity workflow. This episode introduces the notion of alpha and risk factors at a high level, and delves into some of the use cases which include: understanding how the market is moving, understanding how a portfolio is exposed to sources of risk, and turning ideas for price forecasting into encapsulated alpha factors.
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Direct download: 0220Q2_20Seeking20Alpha_20Try20Alpha20Factors20w_20Jessica20Stauth202620Delaney20Mackenzie.mp3
Category:trading -- posted at: 5:27pm EST
Wed, 23 November 2016
My guest for this special milestone (being episode 100!) is someone who I’ve been attempting to bring on since before episode one was even released…
Folks, I’d like to introduce you to Bao—or better known as @Modern_Rock on Twitter.
Bao is an independent day trader, and a former-Silicon Valley software engineer, who made the large majority of his fortune trading stocks on the OTC bulletin board market. His story emphasizes; anyone with the will to succeed, even amongst adversity, can become unstoppable.
During the interview we speak about avoiding complacency, the greatest trade of Bao’s career, discovering a niche, managing confidence, consistency tips, how to progress as a developing trader, and much more.
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Direct download: 100_20Overcome20adversity2C20dominate20a20niche2C20become20the20house20E2809320Bao2C2040Modern_Rock.mp3
Category:trading -- posted at: 6:55pm EST