Quant Trader Ivan Scherman Clinches 2023 Futures Trading Championship with 491% Return
Quant Fund Manager Ivan Scherman Clinches Top Spot in Futures Trading Championship with 491% Return
Ivan Scherman, a certified chartered market technician and hedge fund manager based in Buenos Aires, Argentina, has secured first place in the 2023 World Cup Championship of Futures Trading with an impressive 491.4% return. Scherman’s success stems from his quantitative approach to trading, utilizing hundreds of models to execute trades across multiple assets including stocks, indexes, commodities, and currencies.
Scherman’s journey in the financial markets began in 1996 when he was a law student. Intrigued by the markets, he pursued a certificate in trading at the Argentine Financial Markets Institute and started trading as a side hustle. While initial success came easily during a bull market, Scherman faced challenges when market conditions shifted, prompting him to adopt an approach that minimizes human error.
The quant fund manager emphasizes evidence-based technical analysis and rigorous risk management strategies. Scherman’s methodology involves testing trading strategies in various market conditions to ensure their resilience. He sets stop-loss points based on historical behavior of trading patterns and limits overall risk by keeping each position between 2% to 3% of his full portfolio.
Scherman’s success didn’t come overnight. It took him approximately four years of trial and error to become a proficient trader. A pivotal moment in his career came when he discovered David Aronson’s book, “Evidence-Based Technical Analysis,” which taught him to apply scientific methods to trading.
While Scherman’s sophisticated algorithms drive his trading decisions, he suggests that some of his strategies can be replicated by human traders. One such example is a simple strategy for trading the S&P 500 using moving-day averages. This approach has shown profits in 72% of the samples tested over 100 years.
As the financial world continues to evolve, Scherman’s success highlights the growing importance of quantitative methods and risk management in trading. His achievement in the World Cup Championship of Futures Trading serves as a testament to the effectiveness of his evidence-based, technology-driven approach to navigating the complex world of financial markets.
