Shows
Line Your Own PocketsEvolving Over Time As a TraderIn a follow-up to last week's interview with Marsten Parker, Dave and Michael discuss the key to being successful for a long period: adapting.Whether successful traders realize it or not, they'll eventually have to completely reinvent what they do to stay relevant.Annie Duke's book Quit: The Power of Knowing When To Walk Away.2024-12-2333 minLine Your Own PocketsInterview with Marsten ParkerWe talk with Marsten Parker who was highlighted in Jack Schwager's Market Wizard book series and the creator of the RealTest backtesting software.We discuss the process of creating trading strategies, adapting them over time, and completely reinventing yourself as a trader.Links:RealTest Backtesting SoftwareUnknown Market Wizards by Jack SchwagerDave's Free Email Course on Backtesting2024-12-1654 min
The Algorithmic Advantage024 – Trading Think Tank 02 – Battle of the Back-TestersIn our second Trading Think Tank round table discussion we bring together two exceptional minds in the trading technology space to talk about building back-testing applications: in the blue corner representing Python - Jason Strimpel, an experienced quantitative risk manager, trader and technology leader, and in the red corner representing his own application (Real Test), Marsten Parker, a legendary systematic trader and bona fide Market Wizard. The discussion dives deep into the nuances of back-testing proficiently, highlighting the importance of understanding the underlying mechanisms in your chosen engine and the diverse approaches to creating robust trading strategies with the...2024-08-231h 30
Chat With TradersThe Purely Systematic Wizard TraderStarting 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 ParkerMarsten has been a full-time individual...2024-05-211h 08
Tactics for Tech Leadership (TTL)Vacationcast - Feelings and SwordfightingWhat has Andy been reading recently? Where is Mon-Chaio? In this quick vacationcast you'll find out the answer to both of those questions.
Andy studied kendo for several years at the University of Washington and at the Highline Kendo Kai in Seattle under Marsten Sensei. He hasn't practiced for many years, but hopes to get his life setup so that he can get back to kendo at some point and is always happy to talk to people about it.
If you have questions about these books, kendo, or anything...2023-11-0704 min
Michael Covel's Trend FollowingEp. 1216: Marsten Parker Interview with Michael Covel on Trend Following RadioMy guest today is Marsten Parker, a self-taught programmer and trader with 13 years of software industry experience and two decades plus in trading. For the past 20 years, Marsten excelled as an independent systematic securities trader, utilizing his expertise to develop innovative trading-related software. He was featured in Jack Schwager's Unknown Market Wizards. The topic is systematic trading. In this episode of Trend Following Radio we discuss: Discretionary vs. systematic trading Different trading strategies Backtesting The career and strategies of Jim Simons Trading software and tools Misconceptions about short-term trading Philosophy of trading Life choices an...2023-09-1844 min
AlphaCastMarsten Parker - Lessons from Systematic Market Wizard - AlphaCast #1 - 2023-02-14Welcome to the first episode of AlphaCast! In this episode, we are thrilled to have a special guest, Marsten Parker, the only market wizard in the world of 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.With Leo's probing questions, Marsten takes us on a deep dive into his trading strategies, both from...2023-02-2357 min
Better System Trader183: Overcoming Broken Strategies – Marsten ParkerUnknown market wizard Marsten Parker joins us to share how he overcame broken strategies and adapted his trading to deliver a 20-year track record most traders would envy, including: Being featured in the “Unknown Market Wizards” book by Jack Schwager, The impacts of a 45% drawdown and how Marsten got back into trading, How to use a system stop to protect your trading account from large losses, Why it’s important to understand why a strategy works, Mean Reversion short strategies, why they’re dangerous and how to mitigate some of the risk, How to detect and protect yourself from a s...2021-03-241h 02
Dinheiro e Mercado por #WeAreSSTComo Ele Fez Fortuna com Robôs Traders (Marsten Parker) - Episódio 10 Histórias Secretas de Traders Reais2021-03-2022 min
Confessions Of A Market MakerEpisode #57: Marsten Parker- "Unknown Market Wizard" on Systematic TradingA systematic trader who was featured in “Unknown Market Wizards”- latest book of a legendary series of trading books. A man whose annual compounded return during the past 20 years was 20%, more than triple the 5.7% return of the S&P during that period. A man whose is an accomplished violinist and programmer. Confessions of a Market Maker Presents Marsten Parker---------------------------------------------------------------------------------------------If you'd like to trade alongside JJ, Ray & a supportive community of traders, join them at microefutures.com2021-02-151h 07
The AlphaMind Podcast#58 Marsten Parker - Market Wizard: The Spirit of ExperimentationOur guest today is Marsten Parker. Marsten is one of the featured traders in Jack Schwager’s Unknown Market Wizards, the 5th book in the iconic Market Wizards series.Marsten is the only truly systematic trader featured in Unknown Market Wizards. Marsten started off as a software engineer before he developed his interest in trading after his company IPO’s and he found himself with a considerable shareholding. After leaving his company, and ignited by a new interest in markets, Marsten started trading fulltime in 1998. He soon moved from discretionary trading to systematic trading and developed his own...2020-11-181h 04