Banneker

Learning markets. Building systems. Trading.
Systematic + discretionary.

[maharshi @maharshii]

“you can outsource your thinking, but you can not outsource your understanding” has to be the quote of the decade

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

FOUR MAIN CONSTRAINTS IN TRADING

There is nothing more important in trading and in life than working on the key constraint that is most effective for the output you are trying to achieve (PNL).

In trading there are four main constraints:
-Edge
-Risk Management
-Execution
-Opportunities

Any time I see a trader working hard but not seeing progress over a multi-month period… guess what? You’re working hard, but you’re not working effectively at solving your key constraint!

If you don’t even know what your key constraint is… hit pause and do that reflection first.

Hard work (especially using AI) is useless if it’s not solving a constraint to your trading.

[Banneker @BannekerTrades]

definitely taking this at some point

[Agustin Lebron @AgustinLebron3]

This is the syllabus.

[Agustin Lebron @AgustinLebron3]

This is the syllabus.

[Banneker @BannekerTrades]

@InsideOptions_ thanks for clarifying! the idea of reverse engineering in this way hadn’t occurred to me. will read up more on it.

[Banneker @BannekerTrades]

reading the almanac = canon event

[Naval @naval]

How to Get Rich (without getting lucky):

[Banneker @BannekerTrades]

the article is great because it runs through the different risk premiums that exist. without over complicating the topic.

[Banneker @BannekerTrades]

please read this. understanding the reason any strategy you deploy makes money is so important. just clarifying the difference between a risk premium and an inefficiency allows you to reason more clearly about the trade offs of a strategy.

[Adam @abetrade]

new article on my blog breaks down all popular risk premium strategies and also goes in-depth into the construction of systematic portfolio I trade which you can follow yourself

https://t.co/ojEhTK3KNK

[Banneker @BannekerTrades]

questions such as: how long may this edge persist? what context may this apply? what is the “pain” that i am choosing to bear by using this strategy? these and other questions are easier to have realistic expectations about once you distinguish the difference.

[Reads with Ravi @readswithravi]

Kobe Bryant once said:

“Everyone wants to be a beast. Everyone wants to be the best. But very few people are willing to do what it actually takes. Because what it takes is boring. It is waking up at 4:00 AM. It is shooting the same shot a thousand times. It is watching the film when you are tired. People fall in love with the result, but they hate the process. You have to fall in love with the boredom. You have to fall in love with the repetition.

If you can find joy in the mundane work that no one else sees, the lights will eventually shine on you.”

[Banneker @BannekerTrades]

late night reading.

i’ve been trying to soak up the ideas in this and experimenting with adapting them to see if i can build playbooks filled with plays for the fx market. the emphasis on thinking through bigger picture and the systematic elements are real refreshing.

[Banneker @BannekerTrades]

a more wholistic approach is needed .

[Banneker @BannekerTrades]

i really like this. the idea of using your emotional awareness to help make better decisions, instead of just trying ignore them or worse suppress them seems like a more viable strategy in the long run. basic psychology says emotional suppression tends to not work for most.

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

It’s a misconception that traders are supposed to be emotionless robots! 🤖

Good traders are self-aware of their emotions and use them as a signal that they adapt to.

[Banneker @BannekerTrades]

take what you find useful, discard the rest, it doesn’t concern you.

[Banneker @BannekerTrades]

i have been researching trading, stats and coding in my spare time. i am starting this account to share things i come across and my progress in general.

i am no pro but i love learning and hoping to grow. would be good to connect with other like minded people doing the same.

[Banneker @BannekerTrades]

so the plan is to share ideas, processes and concepts that i’m contemplating at any given time in a semi structured state.

for myself first, but also for your consumption.