For those traders looking for an edge in every aspect of trading, today's topic is something that isn't discussed too much but has had a great impact on the 2 guests of this episode.
The topic is collaboration in trading and the guests are Michael Cook and Kevin Davey.
Both have extensive trading experience too, successfully trading their own money and others.
In this episode they share the impact collaboration has had on their own trading as well as why collaboration is so important, the actual benefits to traders, how to find the right people and tips to maximising effectiveness.
Larry Williams has been a guest of the podcast before, sharing insights from 50 years of trading in Episode 20.
In 1987 he won the World Cup™ trading championship, turning $10,000 to over $1.1 million in 12 months.
He is a published author, with a long list of best-selling books and has also created a number of market indicators including Williams %R, Ultimate Oscillator, the Williams Accumulation/Distribution Indicator, COT indices, cycle forecasts, market sentiment and value measures.
In this episode we'll be discussing algorithmic forecasting, the methods and applications of forecasting, cycles and seasonality, plus some forecasts for the markets in 2016.
We've been very lucky to have a number of trading champions on the podcast before and this episode we get to talk to another champion trader, Michael Cook, who won the World Cup Trading championships in 2007 (Futures), 2011 (Stocks) and 2014 (Futures).
Michael worked in the institutional world for a number of years before leaving behind the banks and hedge funds to trade for himself.
In this episode we'll be discussing how to increase returns with the same risk, using the market to determine stop levels, selecting a position sizing algorithm and the role of discretion in systematic trading.
Happy New Year!
The start of a new year is typically the time when people review their accomplishments and progress for the past year, and make fresh plans for the year to come.
I thought it might be good to do a quick bonus episode with someone who knows all about setting goals and achieving them. That person is World Cup trading champion Kevin Davey, who was a guest of the show on Episode 5.
Now this is a bonus episode so it’s a really short one but it’s full of great information, including the importance of goals in trading, common mistakes traders make when setting goals and the process to creating good goals.
Whether you're an accomplished goal setter or just starting out I think you'll find value in what Kevin has to share with us today so I hope you enjoy this short chat on goals in trading.