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Beverly Chandler, Opalesque London:
County Cork founder combines old fashioned trading styles with modern risk management
In an interview with Opalesque, Robert J O’Brien Jr of trading firm County Cork LLC, explained his preferred traders for his firm are essentially old fashioned but grounded in reality.
O’Brien started County Cork in 2002 trading for a few friends but became more serious in 2007. "After that point in time I hired professional leadership, and much of that time was spent testing out new ideas and funding them with my own personal capital" he says.
"Before I offer a product to the investing public, broadly speaking, I like to try to trade it myself first or to watch people trade for me because I think you can do all the back testing in the world but nothing is like a real market and watching people trade when markets go with and then against them. When I was satisfied with results, we would then offer the products to the public."
The testing period from 2007 went pretty well, O’Brien says. "I started backing one individual in 2007, and a few more in 2008 and 2009, and they were all closely connected to the cash markets. I have always believed that what I wanted to accomplish was a mix of discretionary and systematic trading programmes. For a discretionary trader to be successful you need a trading edge and our trading edge for our customers is the close connection to cash and the und...................... To view our full article Click here
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