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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: May, 2017
May 28, 2017

Jack Schwager needs no introduction.

He's a well known expert in the industry, working for some of wall streets leading firms.

Plus he's the author of the best-selling series of 'Market Wizards' books, which I'm sure most traders on this planet have read!

In this chat with Jack we discuss Optimization Myths, referencing some interesting results of a study that analyses the effectiveness of optimization...

The results may not be what you expect...

And could have a huge impact on the way we test and trade strategies.

There are plenty of other nuggets of info too, including:

  • The relationship between the best performing past and future parameter sets,
  • Why optimization adds very little to the power of a trading strategy and where to focus instead, and
  • How to properly assess trading results to determine if it’s your strategy or the market that’s actually any good.
May 25, 2017

Did you know there are some situations that can cause traders to throw away perfectly viable trading strategies, without even realizing it?

Imagine that!

Putting all that hard work and effort into building a trading strategy but due to some arbitrary decision we’re making during the strategy creation process, we throw the strategy away...

When it could have been a good trading strategy...

So, what could be causing this?

And, what’s the solution?

Let’s hear Dave Walton from Statistrade explain what this danger actually is so we know what to look out for, and then briefly discuss one of the solutions to this 'hidden' problem.

May 18, 2017

Have you ever wondered what exactly is it that makes a trader successful?

Is it based on personality?

A specific approach to the markets?

Pure luck?

Dr Brett Steenbarger is a trader and performance coach, and gets heavily involved in the recruitment process for trading firms.

He gets to interview traders, see how they work and analyse their performance so he’s in a really great position to make these types of observations.

Take a listen to Brett sharing the 3 main components he's observed in successful traders.

May 14, 2017

How many traders do you know that have successfully cornered a market?

If you're not familiar with the term 'corner the market', it means to get enough control of a commodity, stock or other asset so that you can manipulate the price.

There are a number of documented cases in history where people have tried...

... and it usually doesn't work out too well for them!

This weeks podcast guest Kurt Sakaeda has cornered a market, however it was more of an amusing accident that an intentional act.

And this is just one of the entertaining stories Kurt shares with us in our chat today.

Those familiar with the World Cup Trading championships would recognize Kurts name because he's won it a few times, with his first win in 2000 so he's been trading for a while.

In our chat with Kurt we discuss a mixture of trading topics, including:

  • How to include seasonality in trading models and why you don’t need to worry about curve-fitting seasonal trades,
  • The dangers of counterparty risk and how to reduce them,
  • Finding profitable trades in a crisis, and
  • How Kurt accidentally cornered a futures market and the amusing results - the 'authorities' weren't too happy.
May 12, 2017

Last week I had to make an emergency trip to the hospital.

It highlighted a gap in my trading 'operation' (pardon the pun) so I wanted to share that with you so that you can learn from my mistakes.

How will your trading handle an emergency?

May 4, 2017

Have you ever dreamed of leaving your day job to trade for a living?

Or living a life of freedom - travelling the world or hanging around at home, doing whatever you like during the day while you live off your trading profits?

When I first started getting into trading I had this grand vision in my mind of leaving my corporate job, travelling the world, living a life of luxury all supported by my trading profits.

It's a common goal for alot of traders, but getting to that stage can be difficult, and knowing when you're ready to make the leap can be challenging.

I regularly receive emails from people asking questions like:

  • How do I know I’m ready to trade for a living,
  • How do I become a full-time trader,
  • How much money do I need,
  • What other factors do I need to consider before taking this step.

The guest for this episode, Nick Radge from The Chartist, has an extensive trading history and also mentors other traders.

He's in a great position to answer all of our questions on trading for a living, so that's what he's going to do for us today, plus...

... he's also going to share some honest advice that all traders need to hear before taking the step to 'trading for a living'.

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