TuringTrader’s Felix Bertram joins us in Episode 3 of Smarter Trading to share his quantitative approach to investing in the stock market.

We discuss why he decided to build a backtesting engine from scratch, the importance of tools and rich reports for traders to truly understand how they’re doing, ingredients to profitable momentum trading systems, and a whole lot more. Please enjoy this episode!

Key learning points

• Traders need comprehensive reports and tools in order to measure and improve their strategies
• It’s important to consider how efficient your allocating your trading capital
• Markets like to throw surprises that you can’t possibly account for ahead of time
• Running a meta-portfolio of separate strategies reduces the chances all strategies fail at the same time
• Focus on one simple market concept at a time without making it too complicated
• Markets are not as efficient as people make them out to be
• Backtesting strategies unlocks insights that would take a discretionary trader decades to learn
• Tips on getting started to code and testing trading strategies
• Always compare a strategy performance versus a benchmark

Learn more & connect with Felix

• Follow Felix here
• Visit Felix's website here

Learn more & connect with Evan & the Trade Risk

• Browse the Smarter Trading podcast catalog for this episode's show notes and check out past guests
• Watch this episode live on our YouTube channel
• Follow @evanmedeiros on Twitter
• Follow @TheTradeRisk on Twitter
• Join the Trade Risk's weekly newsletter

Show Notes

• 0:00 Introduction
• 1:35 Felix’s background
• 4:05 Felix realizes professional money managers weren’t doing that great
• 6:40 How Felix begins investing his own money: breakout strategies
• 10:30 Felix realizes he needs better reports and more metrics to improve his trading