Lessons from a Market Wizard
Welcome to the first episode of AlphaCast! In this episode, we are thrilled to have a special guest, Marsten Parker, the only market wizard in systematic trading.
Marsten shares his journey of getting into trading and the steps he took to become the trading legend he is today. He reveals the trials and tribulations he faced in his early years of trading and how he developed his own unique strategies that led to his success.
Marsten takes us on a deep dive into his trading strategies, both from his early days and those he still employs today. He discusses the importance of strategy diversification, why it is crucial to his success, and how he adapts to market changes.
Throughout the episode, Marsten shares his wealth of knowledge and trading insights with us. Whether you are new to trading or a seasoned investor, you will find something valuable in this episode.
I know I did.
Here’s a glance at this episode…
> [0:50] Marsten shares his early days and how he got into trading.
> [4:40] Marsten covers the ins and outs of his very first trading strategy.
> [9:30] We discuss the how and why of becoming systematic.
> [17:30] Why Marsten gravitates towards a simpler set of diverse strategies.
> [28:30] Marsten seeks new strategies and collaborates with Scot1and.
> [38:30] We discuss Marsten’s thoughts on discretionary vs. systematic trading.
> [48:28] Marsten shares advice for new and experienced traders.
> [52:00] RealTest and why it’s essential.
- Realtest – Marsten’s backtesting software.
- Stockbee – Recommended community.
- Norgate Data – Recommended data provider.
- Ray Dalio’s Holy Grail – Value of diversification.