183: Overcoming Broken Strategies - Marsten Parker by Better System Trader

Unknown 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 strategy that’s broken,
• Uncertainty in the market and the future performance of strategies,
• Equity curve trading, market speed, diversified strategies, tracking old strategies, indicators, market regimes, and much more.