Andreas Clenow, from followingthetrend.com is hosting a podcast webinar this Thursday on what sets professional and retail traders apart. The topic is sure to be interesting so we wanted to share below the description of the podcast by Andreas and the link to register:
This Thursday I will do a free of charge webinar presentation, hosted by Quantopian.
The good people at Quantopian have asked me to do a presentation for their users, and of course for anyone else who’d like to listen. The topic of this Thursday’s talk will be the key differences between professional traders and retail traders.
That is a very broad topic course, but I will focus on three main points.
First, I will discuss risk, what risk is, and what is it not. How risk is probably the most misunderstood concept in the field, and how you can improve your trading by changing how you view risk.
Second, I will speak about portfolio level perspective. About how retail traders tend to focus too much on positions, and not enough on portfolio.
Third, I will cover methodology and how professionals approach strategy design and origination.
I will finish by putting these things together into a concrete example of how a trading model can come about. The reason behind the logic, and how the rules are implemented and tested.
My intention is to give retail traders a different perspective on this, and offer a method of approaching the subject. I hope you’re able to join in!
If you’d like to join, click here to register for the free webinar.