"Buy and hold returned 129.6%. My sophisticated strategy underperformed by 20%." That's a brutal benchmark. Easy to forget that the complexity has to justify itself against doing nothing.
I've started requiring strategies to beat a random baseline by a statistically significant margin before I take them seriously. Similar idea though different framing.
Scared of crypto though - still too Wild West for me. In fairness, I'm undoubtedly missing great opportunities though.
"Buy and hold returned 129.6%. My sophisticated strategy underperformed by 20%." That's a brutal benchmark. Easy to forget that the complexity has to justify itself against doing nothing.
I've started requiring strategies to beat a random baseline by a statistically significant margin before I take them seriously. Similar idea though different framing.
Scared of crypto though - still too Wild West for me. In fairness, I'm undoubtedly missing great opportunities though.
Absolutely. I do plan on using the framework on a larger dataset and build additional models, but it was still a fun exercise to test the waters!