Andrea Unger is the only trader to ever win the World Cup Championship of Futures Trading ®* titles 3 years in a row, with returns of 672% in 2008 (futures division), 115% in 2009 (futures division) and 240% in 2010 (futures & forex division).

This is his 2nd appearance on the podcast, he was also a guest on Episode 16.

In this episode Andrea discusses his approach to trade entries, how the traditional approach to entries can limit our ability to read the market and how he's modified the standard approach to identify entry opportunities.

Topics discussed

• The typical approach to entries and how Andrea uses a modified approach to identify and test his entries
• Why starting an entry with a setup can limit your ability to read the markets
• The grouping of setups and how the style of trigger you use can determine the most appropriate setup
• The best timeframes for indicators and the impact lower timeframes can have on indicators
• Combining intraday and daily timeframes for better entries
• How Daily Factor can be used to determine the type of move to expect next
• Symmetrical patterns - when it makes sense to use symmetry and when it doesn’t

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.

Back in Episode 32 we had a chat with Laurent Bernut, a systematic short seller who spent years working in the Hedge Fund world specializing in short selling strategies.

He shared loads of knowledge with us in that episode but we actually had a lot more to talk about. We ran out of time back then so in this episode we’re going to continue with the chat, covering a bit more on short selling, including common problems and mistakes traders make when short selling, the 5 psychological stages of a bear market, how these stages manifest in market behavior and where we are now.

We also chat about his Convex position sizing model, visualizing your trading edge and how to tilt it more in your favor PLUS he shares with us a special trick to switch our minds from a flight or fight mode back into a state of flow.

We also have some great questions submitted by podcast listeners so listen out for those.

Topics discussed

• Common problems traders face when short selling
• When to never short a stock
• The 5 psychological stages of a bear market, how they manifest in the markets and where are we now?
• How Laurents Convex position sizing model adapts position size differently in periods of performance and drawdown
• Visualizing your trading edge and tilting it in your favor based on trading style
• The main components of a short trading strategy
• Why a break of support is often not the best place to enter a short trade and what to do instead
• A simple 'jedi mind trick' that switches your mind from fight or flight into a flow state

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.