281: Marsten Parker - The Purely Systematic Wizard Trader

Chat With Traders

Tessa Dao

Education, Business, Investing

4.9 • 2.3K Ratings

🗓️ 21 May 2024

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Starting in classical violin and computer programming, Marsten Parker's path took a transformative turn when he ventured into trading. Despite a rocky start, his disciplined, algorithm-driven approach led to consistent returns, earning him recognition in Jack Schwager's book, "Unknown Market Wizards". We get to learn about his transition from discretionary trading to systematic trading, emphasizing the importance of statistical analysis over emotional decision-making. Marsten used his programming skills to create fully automated trading systems to take advantage of breakouts, mean reversion, IPO opportunities, and other strategies. About Marsten Parker Marsten has been a full-time individual systematic trader for over 20 years. He is featured in Jack Schwager's book, Unknown Market Wizards. Marsten is also the designer and developer of RealTest, a multi-strategy portfolio-level backtesting software. He has continued to evolve RealTest over the years as his primary tool for researching trading strategies. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Chat with traders is sponsored by Trade the Pool.
0:03.6	Are concerns about limited buying power, insufficient capital, or fear of losing your own money
0:09.5	preventing you from advancing your trading capabilities?
0:12.4	Trade the Pool is an online stock trading prop firm
0:15.8	that offers funding for stock traders. Demonstrate your skills, trade their capital, and keep your profits.
0:22.4	You can engage in inter-day trading and now swing
0:25.9	trading on trade the pool with any US stock or E. T.F. The procedure is straightforward.
0:31.8	Pay an evaluation fee, successfully complete the evaluation, and get funded.
0:37.0	Visit trade the pool.com forward slash chat to learn more.
0:42.0	You've seen the headlines. Bonds are making a comeback, but if you've ever tried to invest in
0:47.1	bonds, you know what a clunky, complicated, broken experience it can be. That's why at public they took fixed income and fixed it.
0:56.1	Now you can find, evaluate, and buy thousands of bonds with an investing experience designed this century.
1:03.4	Add fixed income to your portfolio with corporate, treasury, and municipal bonds.
1:08.5	Go to public.com forward slash bonds podcast to get started this podcast is sponsored by public
1:15.6	full disclosures can be found at public com forward slash bonds trading in the
1:20.8	financial markets involves a risk of loss.
1:23.3	Podcast episodes and other content produced by chat with traders are for informational or educational
1:29.3	purposes only and do not constitute trading or investment recommendations or advice.
1:35.0	And I experienced how addictive it could be.
1:38.0	You know, I just like keep wanting to put on a trade and see what happens.
1:43.0	It's just like a slot machine, really.
1:44.6	You know, you get a dopamine hit from the winds
	...

Transcript will be available on the free plan in -269 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Tessa Dao, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Tessa Dao and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.