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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: August, 2015
Aug 30, 2015

Robert Bubalovski is the Managing Director and Head Trader at TradeView investments, a privately held proprietary trading firm located in Melbourne, Australia.

Since 1996 Robert has been actively involved in the financial markets and trading, in 2012 he decided to set up his own Proprietary Trading Firm to concentrate on his own trading strategies.

His team of professional proprietary traders specialize in the trading of Equities, Futures, Options, FX and Money Markets across multiple exchanges around the globe and around the clock.

In this weeks episode we discuss prop trading, the challenges and lessons from beginner trader to starting an investment firm and what it takes to be a successful trader. We also discuss arbitrage and pairs trading strategies, statistical rather than indicator-based trading and the importance of simplicity.

Topics discussed

  • The pros and cons of prop trading
  • The progress of a prop trader
  • How long it takes to become a successful prop trader
  • The attributes of successful traders
  • Advice for those wanted to get started in prop trading
  • Challenges starting out and the lessons learnt
  • Arbitrage and Pairs trading
  • Index arbitrage
  • Selecting stock pairs for arbitrage opportunities
  • Getting started in pairs trading/arbitrage
  • The benefits of pair trading indices vs stocks
  • The dangers of pairs trading in stocks
  • Why keeping strategies simple is so important
  • The main attributes a trader needs to be successful
  • How to increase trade size and be comfortable with it
  • The advantages of strategies based on statistics rather than indicators
Aug 23, 2015

Tim Rea is a proprietary trader, trading his own money with well over 100 automated systems across 25 different Futures contracts.

He is a past winner of the World Cup trading championship, along with being a CTA and broker but gave that away to focus on trading his own money.

In this weeks episode we discuss various aspects of trading multiple strategies, including monitoring performance, money management, correlation, technology and trading in markets not in your timezone. We also discuss the impacts of the MFGlobal and PFG collapses and how Tim overcame the heavy losses to continue trading.

Topics discussed

  • How poor experiences investing with others drove Tim to figure it out for himself
  • Becoming a systems vendor, CTA and broker and why he then left it all behind to just trade his own money
  • How shorter term trading can increase confidence in a system
  • How many strategies he’s currently trading (hint: its more than 100!)
  • Keeping track of the performance of multiple strategies
  • Why you shouldn't just stop trading a system when the drawdown is larger than it has been historically
  • Why you should try to understand the underlying reasons for strategy drawdown
  • Considerations when adding more strategies to a portfolio
  • Managing correlations with multiple strategies
  • Position sizing when trading multiple systems
  • The benefits of trading a portfolio vs trading an individual method
  • How to manage trading in markets not in your timezone
  • The impact of the PFG collapse and how Tim overcame the heavy losses
  • Lessons learnt from dealing with MFGlobal and PFG collapses
  • How to manage your trading account to minimise risk of loss in another collapse
  • The benefits of trading Forex
  • How Tim won the World Cup Trading championship trading just the EURUSD
  • The importance of vision in your trading business
Aug 16, 2015

In this weeks episode Larry Williams talks about conditional trading, understanding what drives prices, the misuse of indicators and how to apply them correctly. We also discuss cycles, forecasting markets, what to look for in market tops plus loads of listener questions where Larry shares tips and insights from 50 years of trading.

Topics discussed

  • What it means to be a conditional trader
  • Why buy and sell signals need to be analysed in the context of market conditions
  • Fundamental factors that drives markets
  • Interpreting the COT reports correctly
  • The buying differences between retail and commercial traders and how it can indicate future market direction
  • Why you should approach trading like a combination lock
  • Coming up with unique indicator ideas
  • The mis-use of indicators and how to use them correctly
  • Trading styles of successful traders
  • Forecasting markets based on technical factors
  • Characteristics of stock market tops and bottoms
  • The fundamentals to watch during market tops

Listener questions

  • Issues with the Forex market
  • Trading prices patterns, do they still work and are they scalable
  • Why short term price patterns work
  • What happened in 2002 and why you need to consider that when backtesting
  • Will trend trading always be effective?
  • How many positions to trade at one time
  • Money management tips for those who aren't into heavy maths
  • Choosing the best markets to trade
  • Favourite Larry Williams indicator
  • What keeps Larry motivated to trade after 50 years
  • What drives peak performance (it’s not money…)
  • The key component that really drove Larry to becoming a consistently successful trader
  • How Larry lasted so long in the industry
  • How to overcome emotions when entering or holding trades
  • Larry’s biggest contribution to the trading industry
  • Why Larrys strategies have lasted the test of time
  • Common traits against the most successful traders
  • The trading model that’s worked for Larry for over 50 years
Aug 3, 2015

Scott Andrews 'The Gap Guy' shares his expertise in gaps, why they work, what factors to take into account when trading gaps and what to avoid. We also discuss gap zones, when to fade and when to follow and calculating stops and targets.

PLUS, for those that aren't into Gap trading, we cover some important concepts that can impact all styles of trading, include one concept called 'Ensemble Systems' which may just change the way you look at trading strategies.

Topics discussed

  • Why it’s important to trade a style that matches your own strengths rather than follow someone else
  • Why gap trading works
  • Markets where gaps work best and those that don't
  • The best type of stocks to trades gaps and the stocks to avoid
  • The benefits of trading gaps in indices vs stocks
  • The 3 market conditions to look at when analysing a gap
  • How seasonality impacts gap trading
  • Signs of gaps to avoid
  • Using ATR to determine the probability of gap size closing
  • Gap zones and how the location of the gap can provide useful information
  • The worst performing gap zone
  • The psychology of certain gap zones and why some work better than others
  • When to fade the gap and when to follow it
  • Calculating stop and profit levels based on gap characteristics and market conditions
  • How to determine if a target should be a full gap close, partial gap close or an extended target past gap close
  • The impact of QE on gaps
  • How to combine systems into Ensemble Systems for an interesting view on trading strategies

 

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