Peter Panholzer on Risk

Peter Panholzer, a short term systematic trader, recently offered:

“We don’t always understand that risk isn’t always a money risk; there’s the risk of regret. Sometimes you regret you haven’t been in the market, sometimes that you got out too early or that you’ve taken a loss when it wasn’t necessary. It’s not only the money we worry about, it’s also our regret we worry about.”
Peter Panholzer

He continued:

“System trading is different from technical trading…In technical trading, you’re reading tea leaves – the indicators. Interpretation of technical indicators is often subjective and not programmable. But you can program a system.”
Peter Panholzer