Jerry Parker, Turtle Trader and CTA, talks about trend following, how to approach wins and losses, dealing with drawdowns, managing correlations in asset classes and how changing market dynamics have impacted trend following and the solution. He also gives us some tips on systematic trading including how he trades without relying on optimal values of the past.

Topics discussed

• What types of characteristics Dennis and Eckardt were looking for in the Turtle traders program
• How the Turtles were taught to approach losses
• Common traits amongst the most successful Turtles
• The hardest part of trading as a Turtle
• How Jerry overcame the fear of taking trades
• The biggest lesson being a Turtle
• What Jerry did with the Turtles approach after the program ended
• The impact managing other peoples money can have on trading
• The key factors that make trend following work
• Managing correlations between asset classes
• Long-term vs short-term trend following
• Dealing with drawdowns
• How changes market dynamics have impacted trend following and solutions
• How to diversify to lessen the impact of any one parameter
• How to trade without relying on optimal values of the past

PLUS questions submitted by listeners:

• The difficulties in knowing when to adjust strategy parameters
• Adjusting your system for whipsaws
• Tips to avoid data mining
• Do the Turtles systems still work in the todays markets?
• Are there any markets where the strategies no longer work?
• Short versus Long trades
• Overcoming emotions in trading
• Biggest mistakes and the lessons learnt
• What todays Turtle program would look like

Disclaimer:
Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.

World Cup Trading champion Andrea Unger discusses how to create robust strategies, the role of indicators in trading, principles to strategy creation, Forex trading strategies and optimising to understand market behaviour.

Topics discussed

• The strategies and position sizing Andrea used to win the world cup trading championship 4 times
• The role of luck in trading
• Controlling risk when trading multiple strategies
• Where to find trading ideas
• The principles Andrea uses in the Forex and Futures markets to develop profitable strategies
• The role of indicators in strategy development
• Matching strategy type to market characteristics
• Why you should analyse your biggest winners as well as your biggest losers
• Forex trading tips and changes in the Forex market
• Using longer timeframes to filter trades in shorter timeframes
• When to optimise or tweak a strategy and how to ensure you don’t over-optimise
• The drawbacks of trend following and the solution
• Tips to handling drawdowns
• Intraday vs End-of-day trading
• The key to trading success.

Disclaimer:
Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.

Stuart McPhee discusses the common mistakes traders make, the single biggest factor to trading success, the counter-intuitive side to trading and tips to improving trading discipline.

Topics discussed

• Why trading can be simple but not easy
• Common mistakes traders make
• Factors to consider when choosing a trading strategy that suits you
• Common Money Management mistakes
• The single biggest factor to trading success
• Common mindset issues traders experience
• Tips to improving discipline and changing trading behaviour
• How the Petronas towers can be applied to trading
• The counter-intuitive side to trading
• The Chinese Bamboo story

Disclaimer:
Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.

Performance coach Rande Howell discusses the most common issues limiting trader performance, the impact of emotions on trading, the importance of managing process not outcome and tips on changing our physiology to improve performance.

Topics discussed

• The most common issues impacting trader performance
• What causes hesitation when taking trades
• How to calm the emotions when trading
• An easy way to monitor changes in emotions
• The impact of breathing on emotions and trading
• A simple trick to disrupt fear
• Patience and boredom in trading and how to overcome them
• Are you an African Lion or an American Cougar when trading?
• Personal traits that don’t align well with trading success
• How successful traders handle drawdowns
• The stage in a traders journey where performance coaching provides the most value
• What successful traders need to watch out for to continue operating at their peak
• How overconfidence and euphoria can destroy your trading
• Tips for getting prepared for the trading session

Disclaimer:
Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.