Perry Kaufman is a trader, algorithmic strategy developer and rocket scientist. He has been an active trader since the 1970s and has a broad knowledge of the futures, currency and stock markets. His seminal book, Trading Systems and Methods, was first published in 1978 and is now on its 6th edition.
In this episode we discuss:
Why optimization is not really about "optimizing" your strategy
Why index markets are all broadly similar and why trend-following traders should focus on interest rate futures instead
Perry's first "aha" moment was when he became hooked on the financial markets
The morning routine of a full-time trader
Crisis alpha in the stock market
The meme stock craze and what lessons can be learnt from it
How many months of the year should you be targeting to be a successful trader over the long term
A way of understanding volatility and how it impacts your risk as a trader
Why you should always be risking something, even if it is a small amount
The 3-day trade and why beginner traders should think about using it
How to deal with consecutive losses
How to deal with longer-term drawdowns
How Perry has achieved longevity in the markets
Why traders drop out
What's happened to moving averages since the 1970s
You can contact Perry here: https://kaufmansignals.com/
