“The four S's would need to be satisfied… Setup, Signal, Sizing, Symmetry… a practice, a discipline of understanding how to put together a trading system”
Patrick Welton · Top Traders Unplugged · TTU153: Why Investors Keep Getting Trend Following Wrong ft. Patrick Welton
Play from 25:34
25:34
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What was described
Apply the "four S's" framework (Setup, Signal, Sizing, Symmetry) to design systematic trading approaches
Said nearby on the same subject
“If you have a trading approach that you could trade the next day and we have the same results, you have one that's relatively insensitive to market timing. If you delay by 15 minutes, you lose 20 percent of your P&L.”
“Vavilov should be adopted as the governing framework for reasonableness review... Kayla answered whether reasonableness review applies. Vavilov answers how it should be conducted.”
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Said on Supreme Court of Canada Hearings (English Audio)
“Master feeder structures are key to hedge fund operations. A master feeder structure is a setup where multiple feeder funds pool their money into one master fund, and the master fund does all the trading and investing.”