16 You Can’t Learn This In A Book! with Karsten Schroeder of Amplitude Capital – 2of2

Summary: "I don't think that anything you can read in a book will work in the sort term trading space." - Karsten Schroeder (Tweet)<br> Welcome back to Top Traders Unplugged. On this episode Karsten and I discuss the systems and implementation that has led Amplitude to such remarkable success. As the interview comes to a close, we learn about Karsten's philosophy of success and entrepreneurship. Despite being based outside the global financial hubs (i.e. New York, Chicago, London) Amplitude has experienced world class results. He provides a deep philosophy on achieving success in the CTA industry.<br> <br> Thank you for listening episode #016, where we continue our conversation with Karsten Schroeder of Amplitude Capital.<br> <br> <br> In This Episode, You'll Learn:<br> <br> Allocation of capital from a stop-loss point of view when doing short term trading<br> Amplitude Capital's systems for trade implementation<br> Why high frequency trading is a very different strategy from that of Amplitude Capital's<br> <br> "We are running 5 days a week, 24 hours a day." - Karsten Schroeder (Tweet)<br> <br> Risk management strategies and the framework for embedding these principles into the Amplitude Capital operations<br> Exploring the meaning of market correlation in short term CTA strategies<br> Karsten Schroeder's philosophy on drawdowns<br> <br> "When you cut a drawdown you lock in the loss and you will limit yourself in the recovery." - Karsten Schroeder (Tweet)<br> <br> How managers can do a better job of explaining drawdowns<br> The role of teamwork and processes in the research cycle<br> The internal processes for validating implementation of strategies at Amplitude Captial<br> <br> "We have no interest what-so-ever in hot money." - Karsten Schroeder (Tweet)<br> <br> Karsten Schroeder's explanation for why Amplitude has experienced such success<br> Do financial leaders need to live in financial hubs? How living outside of the financial hubs has impacted Amplitude Capital<br> The difference between European CTA managers and US counterparts. Why has the market dominance shifted?<br> <br> "Stay entrepreneurial, don't become a manager." - Karsten Schroeder (Tweet)<br> <br> The philosophy of failure that empowers Karsten Schroeder's entrepreneurial journey<br> What continues to inspire Karsten to keep running the business<br> The question investors are not asking that they should be:<br> <br> "...spending more time asking where the money was made and how it was made."<br> <br> Sponsored by Swiss Financial Services and Saxo Bank:<br> <br> Connect with Amplitude Capital:<br> Visit the Website: www.ampcap.com<br> <br> Call Amplitude Capital: ++41-41-747 15 00<br> <br> E-Mail Amplitude Capital: z@ampcap.com<br> <br> Follow Karsten Schroeder on Linkedin<br> "Nobody can tell you beforehand how big a drawdown is going to be. There are statistics where you can say, "well a drawdown should not be bigger than 1.5 times the volatility," but given the wrong market environment it can be bigger." - Karsten Schroeder (Tweet)