Bamber argues that pure mechanical systems fail without an understanding of price intention, while over-reliance on intuition alone leads to sloppy execution. A balanced approach that uses mechanics as a scaffold for intuition yields consistent profitability.
View full episode →“Intuition is a subconscious aggregation of relevant data, not a mystical ability”
“Out‑of‑sample R‑squared in finance is typically 0.03‑0.04, indicating very low predictive power”
“Confirmation bias, recency bias, and gambler’s fallacy are amplified when traders over‑interpret small sample results”