In the second part of our conversation with Barnaby Cardwell, we dive into the details of his program, how he built his company, and what he thinks it takes to be a good manager of a trading firm.

Thanks for listening and please welcome back our guest Barnaby Cardwell.

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In This Episode, You’ll Learn:

• What indicators Barnaby considers more reliable.
• How he gets into a trade.
  

  “It’s not good if we come up with a new system and it’s correlated to existing systems.” – Barnaby Cardwell (Tweet)

• How important is the position sizing?
• How much AUM his model can handle.
• Risk management: how he defines risk and what he does to mitigate it.
• What he has learned from drawdowns.
  

  “We learned that what we put in place works, don’t deviate from it.” – Barnaby Cardwell (Tweet)

• What keeps Barnaby awake at night.
  

  “We’re quite strict on risk. So I sleep alright.” – Barnaby Cardwell (Tweet)

• Trading spread between markets and the research his firm is doing into that space.
• Why he focuses on the managed-account route.
• How he stands out from the crowd to attract investors.
  

  “I think we picked up a lot of credibility by trading our own money. We’ve never had a bank’s balance sheet to keep us having a salary.” – Barnaby Cardwell (Tweet)

• About “key-man” risk.
• What potential investors don’t ask in their due diligence questions.
• What it takes to be a great trader.
  

  “Be very patient, and pick your trades. The problem is, traders put on boredom trades.” – Barnaby Cardwell (Tweet)

• What books have inspired him in trading and life.
• What his biggest failure is so far.

Resources & Links Mentioned in this Episode:

People that have inspired Barnaby include James Harris Simons, QIM, and the book Trading in the Zone.

*This was originally published in Top Traders Unplugged.

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