New CityTrader Magazine #1 by dr Dariusz Swierk - HTML preview

NEW CITY

 

TRADER

NEW MAGAZINE FOR [MODERN] TRADERS, PORTFOLIO AND HEDGE FUND MANAGERS

 

2754-4346

SN

IS▪

2021

 

WINTER▪

#01

SUE

IS

 

ALTERNATIVE DATA [IS] A THE MOST [IMPORTANT] SUICIDE DUE TO HEAVY

REVOLUTION IN TRADING PROBLEMS THAT LEAD MARKET [LOSSES]

TO LOSSES

02 NEW CITY TRADER

 

Invitation For Free

 

[Training] Session

 

Free training sessions for funds within London City and Canary Wharf (open to all after the pandemic). Meetings are led by Dariusz Świerk, PhD., Editor in chief of New City Trader Mgazine.

Duration of the meeting is up to 80 minutes.

You can find out more by contacting us via magazine@newcitytrader.com

MEETING TOPICS

The most dangerous problems of traders leading to losses

How to deal with the most dangerous trader problems that lead to losses? How did the best traders deal with them? Examples of problems: too much emotion during trading, too much stress in the market, performance anxiety, mental chaos, strong frustration, fear of expanding positions, path dependence, burnout, lack of energy, discouragement, feeling stuck, feeling out of control.

Institutional supertraders - what are they like according to research? What is the basis for their success outside the system?

What are the best of the best (institutional traders) and what methods of mental work do they use (discussion of research results). The secret to supertrader success: best practices in building supertrader decision making: what we know and what we can say.

How to increase profits and decrease stress at the same time? How can you get better clarity, focus and better decisions under intense pressure?

How to reduce stress in trading? Traditional training in meditation and stress management can still... increase stress. Who has the most effective techniques for dealing with stress? How do they look like in practice? A demonstration of some exercises in this area.

No, discipline is not the most important thing

Discipline disappears under severe stress. This can mean severe losses for the fund. Tools of the best traders - how to maintain discipline in a chaotic, volatile environment?

IN PREPARATION (TOPICS FOR FUTURE MEETINGS):

 

Evolution of a trader: from trader to supertrader

The training will be the result of a project we have launched: we are creating a possibly detailed map of the evolution of high-earning traders who become supertraders. In a nutshell, a supertrader is someone who has made over 100 million on the market. The techniques they used, the tools, the systems, what market situations they took advantage of, what can be replicated.

Conclusions from reading a book about one of the most successful funds in the world - 03

Medallion

Medallion system basics through the eyes of a mathematician. Why most automatic systems don't work and what to do about it? What can we find in the book and in other documents about their system?

Conclusions from the analysis of 200 quant systems - for discrete traders

The purpose of the meeting is to show discrete traders how the main types of quant systems work in the markets. Where to expect a reaction? How to evaluate it?

We use the simple language of technical analysis.

Alternative Data: best practices for fund implementation

Training for traders and portfolio managers showing best practices on how to use alternative data (and which ones) so as to achieve valuable results.

The evolution of AI in trading: five phases

Key inventions to follow. What major components of AI will be most important? At what point will AI start throwing traditional funds out of the markets? What to do then, how to prepare?

AI in trading: What topics are hot today and what will be hot tomorrow?

A meeting designed as an introduction to creating a fund or trader strategy in the face of the changes AI brings. What topics are currently "hot" and the biggest funds? What will be hot moments from now? What will be the impact on the markets of new tools (in general - in a few years they will take money away from funds and discrete traders). AI is not only threats but also opportunities, what tools to look out for to reduce profit erosion?

For more information on training, please contact us via email E magazine@newcitytrader.comWN

We are currently only doing one free training per month so if you are interested don't wait just ITYC

email us right away. RT

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ALTERNATIVE DATA IS A REVOLU-17 PAGE 06 WELCOME EDITORIAL LETTER - INTRO PAGE 08 IN FUTURE ISSUES PAGE 10 TION IN TRADING. TODAY EVEN THE LOWEST HANGING FRUIT

MORE IMPORTANT THAN AI PART I

 

PAGE 29 AI IN TRADING 6 HOTTEST TOPICS

 

CONTENT

 

THE MOST [IMPORTANT] PROB-44 PAGE 37 SUICIDE DUE TO HEAVY MARKET LOSSES. THE STORY THAT WASN'T THERE PAGE 39 8 GOOD REASONS WHY TRADERS SHOULD TRAIN OTHERS

LEMS THAT LEAD TO LOSSES AND A CONVOY OF [GOLD] AND PLATINUM THAT WAS PAGE 48

HOW TO [DEAL] WITH THEM ROBBED BY... ACCIDENT

 

LONDON FOREX TRADERS CONSULTING LTD ▪ KEMP HOUSE 152-160 CITY ROAD, EC1V 2NX LONDON

NEWCITYTRADER.COM, MAGAZINE@NEWCITYTRADER.COM ▪ LONDON FOREX TRADERS ASSOCIATION LFTA.ORG

DARIUSZ SWIERK, PHD

EDITOR IN CHIEF

 

Welcome

 

editor letter

 

“ New City Trader is a new magazine for traders, portfolio managers and hedge fund managers. From meetings and conversations, we gathered the hottest topics that piqued the interest of traders and managers. Then, we thought it would be a good idea to create a magazine out of it. Traditional trading and investing is turning on its head. Traders complain about

significant changes that are becoming harder and harder to navigate. Unfortunately, this is just the beginning of this challenging but fascinating transformation, as it is connected to the extraordinary development of new technologies. We are facing a reshuffle comparable to the introduction of computers to trading followed by universal access to the Internet.

AI, big data, alternative data, automats, hybrid systems... these are just a slice of the future that has just begun for us.

In this magazine, we want to help you understand this novelty. We want to point out what will take money away from traders and funds. And on the other hand, what can bring new profits. You will be introduced to this new and fascinating world. Do you dare to enter?

 

Let's go; time is running out! The main topics that attracted the attention of our “

interlocutors included:

TRENDS AND SUPERTRENDS THAT WILL OUTLINE THE FUTURE.

_ AI, alternative data, hybrid teams, the war for talent, the rise of automation, saturation

with new technologies, changes in attitudes toward risk, capital outflows to the biggest and best. These are a few of the trends you'll read about here. They will define the future

INTRO of investing.

NEW SOURCES OF RISK. IN THE CURRENT ISSUE:

New market-destabilizing phenomena include Today's issue is the introduction of Artificial shrinking profit margins, the outflow of clients Intelligence to trading, what it entails, what it (investors) from funds, market volatility, lower offers, how it will develop. liquidity, difficulties in recruiting good traders

and developers, new risk factors. The second topic is the Alternative Data

revolution. It is mainly thanks to it that the world

HOW TO UNDERSTAND QUANTS? of investing is being turned on its head. It is now

the most critical source of competitive 07

Quants use strategies that are mainly a advantage for the biggest funds. In this issue, we statistical replication of repeated market devoted an extensive article to this subject. movements. Of course, this will not always be

the case, but it can be exploited as long as it is. The third vital topic is a new look at the psyche We will describe some of the types of systems of the best traders: as it turns out, discipline is and strategies quants use, show you the not the most important thing. The best traders mindset of the best quants, and how they work have something different. in the markets.

I encourage you to read it!

DIRECTIONS FOR THE TOP AND LARGEST Dr Dariusz Świerk FUNDS' SYSTEMS AND STRATEGIES

Today the directions are set by the collage of Dariusz Swierk- head of London Forex Traders alternative data and the adoption of AI tools. Association (LFTA). Theoretical physicist. Co-

Soon, the day's topic will be hybrid systems, discoverer of binary velocity in the special theory

then moving towards "weak signals" with of relativity. PhD in applications of stochastic

dynamic MM. For the time being, systems will equations. Director of strategy in the largest

remain based on the decision-making Polish online retailer, then consultant and processes of top traders; then, it will all change. business coach. Since 2008 has been working

with traders. Author of the book "Conversations

NEW MARKET PHENOMENA AND NEW with Forex Market Masters" containing interviews

OPPORTUNITIES with a group of supertraders. Editor of "New City

Trader - a magazine for professional traders.

Changes are not only problems and threats.

Some (e.g. the growing number of algorithms) Professional interests: Supertraders and bring opportunities by triggering systematic, decision making processes of supertraders.

predictable market behaviour. We know traders Artificial Intelligence and new phenomena in

who have made millions on these new market trading. formations.

THE BEST OF THE BEST N

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5%, the elite, the best of the best. They have the ITY There is a small group in every discrete fund, the C

best tools, mental techniques, the best RT

approach to the markets and the best results. DA

Their success is no accident. RE

08 NEW CITY TRADER

 

In [FUTURE]

 

Issues

 

Billion-dollar trade - a few remarks on the "all-time trade" that happened in 2020. We have an idea of how to capture similar market situations (on a smaller scale so far), and we will describe it. A story in which "steel balls" play one of the leading roles.

How to train the best traders. A few remarks on an interesting statement by Ken Griffin from Citadel about Navy Seals training applied to trader training. Considering the results of traders in Citadel, this is an exciting topic.

09

 

Dark clouds over the future of funds – in AI-powered economy the winner takes it all—an article about the inevitable changes that AI will bring about. As a result of increased competition, many funds will disappear. We will try to describe how the industry will evolve and what to do to stay in it.

The lowest-hanging fruit of AI- more AI/ML tools you can use in a discrete fund.

Some reasons why you won't learn a new system quickly even if you want to and need to. We discuss the mistakes that traders and their teachers/mentors make when teaching systems. Education costs a lot of time, money and often results in poor performance. Finally, we discuss remedies - how to speed up the learning process and improve results.

How do the best traders deal with catastrophic losses? The best ones are the best also because they survive significant losses and come back to the market stronger and better. We have studied such traders for years. We will discuss some of the traits that make this possible. You will learn how they overcome stress, anguish, feelings of failure, frustration, hostile environment, mood swings and painful memories. N

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they work)? A series of articles for discrete traders - we'll show you how the algorithms move the ITY Systems of the biggest: what do the quant systems of the biggest funds look like (and how do C

markets. Then, we will provide examples of quant systems to give traders an idea of how they work RT

and where to expect their reactions. DA

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010 NEW CITY TRADER

 

The Lowest

 

[Hanging] Fruit