Info

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.
RSS Feed Subscribe in Apple Podcasts
Better System Trader
2019
June
May
April
January


2018
November
October
September
August
July
June
May
April
March
February
January


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December
November
October
September
August
July
June
May
April
March
February
January


2015
December
November
October
September
August
July
June
May
April


All Episodes
Archives
Now displaying: June, 2017
Jun 30, 2017

A few years back I was on a holiday with friends at Hamilton Island in the Whitsundays.

We were cruising around the island in a golf buggy when a friend suggests we go to the shooting range.

I'd never even touched a gun before but while we were there I decided to shoot a .44 Magnum...

'the most powerful handgun in the world' according to Dirty Harry!

Take a listen to hear what happens next and how it applies to trading.

Jun 25, 2017

Indicators often form a large part of trading systems, however there are a number of issues caused by indicators that can result in under-performing trading strategies, like:

  • they're reactive, instead of predictive,
  • they have alot of lag, which means they're slow to respond to the markets, and
  • they can often give you a signal too late so you’ve already missed some of the move or even a large part of the move!

Today we talk to John Ehlers who is going to share with us a brand new indicator he's developed that overcomes alot of these issues. This new indicator:

  • Minimises lag,
  • Is very responsive to the market, and
  • Gives a fast indication of turning points.

Plus at the end of the chat we share how you can get a FREE copy of this new indicator to try it out for yourself.

Jun 22, 2017

I'm currently in Sydney for a week doing some work, and I'm staying in one of the hotels near circular quay, overlooking Sydney Harbour.

I won't share name of the hotel because it's a well-known name, and it's actually a really nice hotel...

However I had an experience with them when I was checking in that I wanted to share because I think it has some nice parallels to trading strategies.

Take a listen!

Jun 18, 2017

Most trading strategies are built to find repeatable patterns in the market and then attempt to exploit any future occurrences of the pattern to make a profit.

There are lots of different ways to find patterns, and in this episode Brent Penfold talks about patterns in price action.

Brent is a full time trader, author, educator and licensed Futures Advisor, and in our chat you will learn:

  • Why it can be better to focus primarily on price instead of a collection of indicators,
  • How to identify patterns in price action,
  • The dangers of trading stocks and why Futures are a superior trading instrument for active traders,
  • How a ‘universal dataset’ can lessen the risk of datamining,
  • How to blend individual systems into a portfolio to produce smooth equity curves.

PLUS, we announce the lucky winner of the Better System Trader ‘Super-package’ giveaway, worth almost $20,000!

Jun 11, 2017

Jack Schwager returns to answer all your trading questions.

Jack is a well known expert in the industry, working for some of wall streets leading firms and is also one of the founders of FundSeeder.

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

In this 2nd part of our chat with Jack, he answers all of the trading questions you submitted (well most of them anyway, unfortunately we didn't have all day to talk!)

Plus, to celebrate the milestone 100th episode, we've got a huge giveaway worth almost $20,000 -  and one lucky trader is going to win it.

Listen for more details and information on how to enter.

Jun 9, 2017

When I was learning to snowboard, I still remember the first time I got off the lift chair, strapped myself in the board and looked down the mountain.

It was really overwhelming and I wondered how I was actually going to get down there without any injuries!

My instructor was very comforting telling us ‘Not to focus on the bottom of the mountain’, because even though that’s the destination, to get there we were actually going to zig-zag down the mountain.

So we needed to focus on the next turn and how we were going to execute that.

We were told to look where we wanted to go, so if you want to go left then look left, your shoulder/hips will turn, your body weight will shift on the board and that will steer the board.

And as you’re moving across the mountain you obviously want to look for hazards, look for where you want to turn and focus on shifting your body weight to steer the board around the corner

It was all about the process.

By focusing on the process, the outcome would eventually come.

That is you'd work your way down to the bottom of the mountain with hopefully no broken bones!

However, if you were to just focus solely on the bottom of the mountain, then you're likely going to fall down and crash.

Trading can be a very outcome-focused activity, there is the temptation to focus on the results of our trades.

Did the trade make or lose money, how is our P/L progressing for the month or year?

  • But is this the best focus for traders to have?
  • Should we be focusing more on the outcome or the process and what produces the best results?
  • Do we need to have a balance between the two, and if so how?

Let’s take a listen to performance coach Rande Howell now as he shares a story about an Olympic hurdler and how his approach to focus applies to trading performance.

Jun 2, 2017

It can be really interesting and exciting to research the markets and test different ideas but at some stage we need to decide if the strategy is ready for live trading.

Some traders can get stuck endlessly researching…

Trying to find that perfect system…

Which comes at a cost.

  • How do we avoid getting bogged down in research?
  • How do we know when a trading strategy is actually ready for trading?

Let’s listen to Kris Longmore from Robot Wealth explain his approach to determining when a trading strategy is ready for live trading.

1