Top Traders Unplugged12 Aug 2023

SI256: Investor Behaviour & the How to Deal with Transaction Costs ft. Mark Rzepczynski

Mark Rzepczynski is back to tackle some important topics relating to systematic trading. We discuss whether there is a best time of the year to trade and what has been driving the markets recently, how high interest rates and uncertainty affect investor behaviour, dispersion within markets and how it influences your trend following return. We also discuss quant research, the motivated reasoning bias and the importance of being open minded as a researcher to find better ways of being a trend follower, ways of dealing with transaction costs when building models, optimal ways of performing backtests and much more.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

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Episode TimeStamps:

00:38 - Is there a best time to trade?

05:07 - What has caught Mark's attention recently?

08:36 - Industry performance update

10:01 - Will we see a change in investor behaviour?

17:04 - The benefit of cash

21:11 - Are guaranteed products making a comeback?

26:18 - The dispersion within markets

32:05 - The Ex ante and Ex post problem for quant research

39:23 - Stay open minded

43:46 - Dealing with transaction costs

56:53 - The road to robust models

01:00:37 - Thanks for listening

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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

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