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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: July, 2017
Jul 28, 2017

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Today I want to share with you one of my favourite Seinfeld episodes ever.

It’s the episode where George Costanza realises that all of the decisions and actions he’s taken throughout his life have been the wrong ones.

So he decides to do everything the opposite.

He’s in the diner with Jerry and Elaine and he sees an attractive woman sitting up at the counter who seems to be interested in what he’s doing, glancing over at him.

Instead of sitting back and doing nothing about it he does the opposite...

He approaches the lady, announces that he’s a short, bald, unemployed man who still lives with his parents, and...

She immediately goes out with him!

Later on, he gets an interview for a job with the New York Yankees and during the interview he gets an opportunity to meet the owner.

Instead of sucking up to the owner, he does the opposite and tells him how much the team sucks, how he’s done a poor job managing it, making stupid decisions etc, and...

The owner immediately hires him!

Every time George does the opposite of what he would usually do, it works out well. He succeeds.

And guess what?

It can sometimes be the same with trading too...

Listen to find out how.

Jul 23, 2017

The markets are in a constant state of adaptation.

Conditions change.

Strategies fall in and out of sync with the market, causing periods of good and poor performance.

So what can we do to improve consistency by making our systems adapt better to changes in market conditions?

Our guest for this episode, Brian Miller, is from Optimized Trading, and in our chat he shares with us:

  • Why implementing adaptability into strategy design is so important and some techniques you can use to create adaptive systems today,
  • Why market classification needs to be considered and the types of approaches you can use to classify the market,
  • How to pursue a multi-model structure that adjusts dynamically to changing market conditions,
  • Plus much more.

Note: This is the 1st part of 2 recordings, look out for the 2nd part coming soon!

Jul 21, 2017

Over the last few months you may have noticed an increase in the number of articles being published on the internet using Market Breadth to predict which way the stock markets could go next.

In fact, I saw one just recently that said the US stock market is set for a parabolic move.

Now, as systematic traders I'm sure most of us are not really interested in predicting those types of things...

However Market Breadth measures can provide us with additional insights into the underlying conditions in the market that aren’t so obvious looking at a price chart.

So today I want to share with you some Market Breadth knowledge from Greg Morris, who oversaw the management of over 5.5 billion dollars.

Take a few minutes now to hear from Greg about Market Breadth and what it can reveal about the underlying conditions in the markets.

Jul 13, 2017

"I think most traders use canned indicators like a stochastic or RSI or MACD, with a fixed length without thinking much about them." - John Ehlers

They take the default length, or one that performed well in a backtest, or even one that has been recommended by someone else, and they start trading with it.

They may have a good run for a while...

And then it falls apart for no explainable reason...

The basic problem is that market conditions change, but indicators are fixed and don't adjust to changes in market activity.

So how can we make our indicators more adaptive to market conditions?

Take a listen as John Ehlers explains a technique we can use to build indicators that adapt to market conditions and also shares a simple trick to check if our indicators are in-tune with the markets or not.

Jul 9, 2017

I have to admit… I’m a bit of a sceptic.

However, I’ve had so many people recommend meditation to me in the past.

Successful people.

People I have a lot of respect for.

In fact, some of the previous podcast guests, some big names, have shared with me how powerful meditation has been for them, both personally and for their trading.

But it’s not just traders, many successful business people swear by it too.

So, what’s all the fuss about?

I’m always on the lookout for anything extra that can give us an edge in the markets, so could meditation be something us traders can harness to our benefit?

Or is it all just some weird mumbo jumbo sham?

Well it’s time to find out, so in this episode I speak to Adam Grimes about meditation and trading, including:

  • What is meditation, and does it actually work?
  • What are the benefits and drawbacks of meditation and can it help traders become better?
  • How to get started and what to expect.

This is only a short episode, so even if you’re a sceptic like me and think this may have nothing to do with trading, I recommend you take a listen anyway.

Try to approach it with an open mind and form your own opinion from there, so let’s jump over to our chat with Adam Grimes .

Jul 7, 2017

Today I want to share an optimization insight from Perry Kaufman.

I was reading an article on a trading website and the author was making some assumptions based on the optimization results which may not have been entirely accurate.

I think alot of traders can get caught up making this same assumption...

I know I definitely have...

And it's good to be reminded of these types of things so we don't make the same mistakes.

Listen to Perry explaining what this assumption is, the danger in making it and how to overcome it.

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