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You're reading from  Algorithmic Short Selling with Python

Product typeBook
Published inSep 2021
PublisherPackt
ISBN-139781801815192
Edition1st Edition
Concepts
Financial Technology
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Author (1)
Laurent Bernut
Laurent Bernut
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Laurent Bernut

Laurent Bernut has 2 decades of experience in alternative investment space. After the US CPA, he compiled financial statements in Japanese and English for a Tokyo Stock Exchange-listed corporation. After serving as an analyst in two Tokyo-based hedge funds, he joined Fidelity Investments Japan as a dedicated quantitative short-seller. Laurent has built numerous portfolio management systems and developed several quantitative models across various platforms. He currently writes and runs algorithmic strategies and is an undisputed authority on short selling on Quora, where he was nominated top writer for 2017, 2018, and 2019.
Read more about Laurent Bernut

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Summary

This entire book has led to this and the next chapter. In summary, to put together all we have covered in the preceding chapters, switch to relative series and triage with the market regime. Enter short after a swing high or long after a swing low. Set a stop loss above or below the swing and a target price to reduce risk. Calculate your position size using your cost, stop loss, and risk budget.

Keep a separate risk budget for each long/short side of each strategy. Honor your stop losses and respect your strategy. Keep a clean trading journal. Refine your mandate along the way.

In the next chapter, we will be looking at one of the most underrated tools in your arsenal: your portfolio management system. Being a stock picker and a portfolio manager are two distinct jobs that require different skill sets. The moment you chose to manage a portfolio, you are no longer a stock jockey. You have become a stable master. Your job is not to cross the finish line on horseback...

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Algorithmic Short Selling with Python
Published in: Sep 2021Publisher: PacktISBN-13: 9781801815192
© 2021 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Laurent Bernut

Laurent Bernut has 2 decades of experience in alternative investment space. After the US CPA, he compiled financial statements in Japanese and English for a Tokyo Stock Exchange-listed corporation. After serving as an analyst in two Tokyo-based hedge funds, he joined Fidelity Investments Japan as a dedicated quantitative short-seller. Laurent has built numerous portfolio management systems and developed several quantitative models across various platforms. He currently writes and runs algorithmic strategies and is an undisputed authority on short selling on Quora, where he was nominated top writer for 2017, 2018, and 2019.
Read more about Laurent Bernut

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