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Better System Trader

If you’re looking for inspiration, motivation and practical advice on improving your trading results, Better System Trader delivers every week. Each episode brings you an expert trader who shares their own story, along with the steps, both good and bad, that they’ve taken on their path to success. With a focus on actionable insights, the tips and tricks used by the experts contain loads of value, providing you with insanely practical tips and tools you can start using TODAY. Improve your trading with Better System Trader.
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Now displaying: April, 2015
Apr 26, 2015

In our chat with Nick we discuss system design, the best type of systems to trade, how observations can lead to better strategies, the best way to handle a bear market, measuring system performance, survivorship bias and the difference between successful traders and everyone else. Topics discussed:

  • The trading style most people should try first
  • Systematic ways to determine a trend
  • Why simple systems are the best
  • Why broker consensus is a poor indicator
  • The best type of stocks for trend following strategies
  • What you need to know about a system to be able to handle the drawdown
  • How observations can lead to better strategies
  • Why buy and hold offers average returns and the best approach to handling a bear market
  • How trading can take less than 5 minutes per day
  • Measuring the performance of a system
  • The difference between very successful traders and everyone else
  • The types of survivorship bias that could be ruining your backtest results
  • The warning signs of over-optimisation
  • Coping with drawdown and personal doubts
  • 2 basic strategies you can start testing today!
Apr 19, 2015

In our chat with Cesar Alvarez we talk about trading ideas, key concepts and pitfalls of backtesting, the impact of stops on returns, market timing, over-optimisation, drawdown and using multiple strategies in a portfolio. Topics discussed:

  • Where to find trading ideas
  • Why you should test all of your ideas, even if you think they won't work
  • Pitfalls of backtesting you need to look out for
  • How to identify coding errors in backtesting
  • Some clues that indicate you may have over-optimised a strategy
  • Issues with splitting data into in-sample and out-of-sample portions
  • The impact of stops on returns
  • Handling a 50% overnight drop in a stock price
  • Finding your personal drawdown tolerance
  • How market timing can impact a strategy
  • Why you need multiple strategies in a portfolio
Apr 19, 2015

In this episode with Brent Penfold we cover fundamental topics that impacts traders of all levels, from beginner to advanced. We talk about some of the psychological issues traders face, the principles all traders need to accept to be successful, that elusive Holy Grail of trading and an extremely important mathematical concept that can identify if you’re going to blow up your account, so don’t miss that. The guest also provides actionable tips and tricks to overcome these issues along with a simple method to determine if a strategy is broken, which could save you lots of money and stress. Topics discussed:

  • How to trades 24 markets actively and be finished by 9:30am
  • The simple reason why most traders fail
  • The principles all traders need to accept to be successful
  • The one mathematical measure that can tell if you'll blow up your account - don't miss this!
  • The Holy Grail
  • The most important aspect of trading
  • How to remove hope from your trading
  • How to combat greed
  • The impact fear can have on your trading and a hot tip to overcome it
  • A simple method to determine if your strategy is broken, this tip could save you loads of money!
Apr 11, 2015

Welcome to Better System Trader, the podcast where expert traders share tips, tricks and actionable insights to improve trading results. In this episode I introduce Better System Trader, what its all about, what to expect, and a little background on myself.

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