What you’re about to hear is an interview with Bert Mouler – he’s a futures and stock trader and has been in the markets since ’07. But he does things a little differently than most…
It is an algorithmic trader that harnesses the power of machine learning to discover and develop profitable trading strategies. This is an area that hasn’t been covered in previous episodes, (apart from the odd mention here and there) so it was really great to have Bert on the show to share some insights into machine learning and how it works in marketing.
Beyond that, you’ll also hear Bert’s views on diversification and how he thinks about risk management. Additionally, one of the things I really respect about Bert is his drive for continuous improvement, his attitude towards further education and the way he approaches goal setting.
“I’m more concerned about robustness than performance.”
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“We are in this business to make money, not to be right and not to explain how or why the market works – if you want to do that, become an economist.”
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Lessons from this interview:
- Bert enjoys reading a ton of trading books and why there is no such thing as a “bad book” – because you can always learn something (even if the opposite is true).
- In its purest form, Bert explains the purpose of machine learning and gives an example of how it is used in everyday technology.
- How Bert uses machine learning to discover and create effective trading algorithms, from seed to live trading. And information that is “nice to include” out of price.
- The ways in which machine learning techniques differ from more common ways of developing algorithms and how it further removes bias from your models.
- Bert shares his opinion on whether a strategy should make sense logically or if a statistical advantage is all you need.
- How Bert thinks about diversification and why he prefers to allocate additional capital to new markets, rather than adding to the markets he is already actively trading.
- The effects of machines are becoming increasingly evident in the commercial landscape. positive or negative?
- Bert talks about his attitude of learning and striving for continuous improvement. As well as the mindset of setting goals that are just out of reach, to really push yourself.
- And much, much more…
Links and resources cited:
- Coursera.org – Free online courses from top universities, this is where Bert started learning about Machine Learning.
- edX.org – Similar to the above, this is another free site that Bert highly recommends for high-quality, teacher-presented educational materials.
- Market Wizards – Bert recommends reading Jack Schwager’s timeless book series (EP 027) as it helped him find a trading style early on to carry forward.
- ProfuentCapital.com – To learn more about Bert’s approach to trading, you can visit Profluent Capital’s fund website.
- LinkedIn – You can also learn more about Bert and connect with him on LinkedIn.
- @BMouler – Be sure to follow Bert on Twitter, he regularly shares interesting reads.
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