Professional trader path
Already trading professionally. Revisit the key nodes on hypotheses, mechanisms, falsification, and validation, then enter Advanced directly.
Reading mode
- Who it suits
- Professional traders wanting stronger research, Quant, portfolio, and execution skills
- Pace
- Advance domain by domain, 2–3 weeks each.
- Goal
- Review only key nodes—hypothesis, mechanism, refutation, and validation—then enter four Advanced domains directly.
- Recommended reading mode ·Institutional mode
- Shows all content; Three depths defaults to Institutional, focusing on the mechanism in portfolios, risk, and governance.
Start with Institutional mode10 stops, of which10 have published bodies; for the rest, read the Phase overview first.
- Phase 41Chapter 20 · HypothesisWhat is wrong with trading whenever an indicator signals?
- 2Chapter 21 · MechanismWhat economic mechanism makes a strategy profitable?
- 3Chapter 24 · FalsificationWhat would show that your strategy is wrong?
- Phase 54Chapter 26 · Data BiasWhy do perfect backtest curves often disappear in live trading?
- 5Chapter 27 · In-sample / Out-of-sampleWhy is tuning parameters to a perfect backtest bad news?
- 6Chapter 28 · Transaction CostWhat remains after costs from a strategy backtesting at 50% annualized?
- Advanced7Advanced B · Strategy researchProgress from Experience-driven, random trading to Research-driven Trading
- 8Advanced C · Systematic and quantitative tradingProgress from Discretionary judgment to Systematic research starting from a Market Question
- 9Advanced D · Portfolio and riskProgress from Trade Management to Capital Management
- 10Advanced E · Execution and microstructureProgress from Signal Alpha to Realized Alpha
How to read
- The first six stops are Foundation nodes professionals often skip and often get wrong: hypotheses, mechanisms, falsification, data bias, out-of-sample testing, and transaction costs.
- Then enter four Advanced domains in order: Strategy Research, Quant, Portfolio, and Execution.
- Institutional mode opens each chapter's institutional depth by default, focusing on how the mechanism fits portfolio management, risk, and governance.