🧵 Nick Radge: Trading Lessons Hidden Between the Lines A wonderful chat on the podcast with @thechartist here: algoadvantage.io/podcast/044… For serious system traders only. Subtle, but powerful. Don't skim this. Nick builds structural edges and lets time do the heavy lifting. What looks simple is often deeply layered. Here's what you might miss if you don't look at how he trades. 👇 Diversify by strategy archetype, not just asset class. Radge combines: * Absolute momentum (trend-following) * Relative momentum (rotation) * Mean reversion (short-term swing) * All Weather Tactical Asset Allocation with ETFs He's creating anti-correlation in the equity curve at every step, trading US and AUS markets in their own way. This is key, listen in on the pod. There are multiple layers of diversification we discuss. Avoid the beginner cycle. Most traders system-hop after 3–6 months of underperformance. Radge? He’s traded some models for decades. Through multiple flat periods. That’s not stubbornness. That’s expectation alignment. You must map out a strategy’s likely cold streak before you fund it. Psych capital > trade capital. In 2008, his ASX trend system went to cash. Clients panicked. “Why are we paying to do nothing?” Then the market dropped 50%. His strategy preserved not just capital—but confidence to re-engage in 2009. That’s a rarely discussed edge: emotional solvency. System timing is a fool’s errand. Build systems with purpose to round out your portfolio. Beware of trying to time a system. His solution? Strategy stacking. Not rotation. Simultaneous deployment. Mean reversion draws down? Trend-following carries the torch. He doesn’t over optimize. Build based on the simple mathematics of non-normal distributions. Markets must trend. (See why in the pod). The edge isn’t in prediction—it’s in asymmetry. Winners will overrun. Losers get cut. Edge = right tail exposure + small loss certainty. Low touch, not low effort. Radge runs longer term models now. Push a button. Done. But it took 30 years to design it that way. Simplicity is not “easy.” It’s compression of complexity by knowing how to ensure robustness & durability. Final thought: Nick's success isn’t from flashy models or endless curve fitting. It’s from consistency, structural robustness, and psychological realism. It's treating trading as a business, staying focused. If you're hunting alpha through novelty, you’ll miss him. But if you're building longevity—you’ll see him as a blueprint. Let it run for a couple of years and be pleasantly surprised by how much you can out-perform. Thanks Nick for an excellent chat! algoadvantage.io/podcast/044…