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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: 2020
Dec 16, 2020

With 2020 coming to a close, we’ve got a great opportunity to stop for a breather (phew!), look at some of the craziness that has happened this year, and identify how we can use those insights to improve our trading even more in the future.

On this episode of BST Live Mike Grech from Quantopolis.com joins us to discuss 2020 and how we can better deal with market uncertainty. Here are just some of the tips you’ll discover:

  • Why 2020 has produced 5 years of market action in 1 year,
  • How this year has produced outsized returns for some trading styles and what could happen next,
  • Understanding your strategy, how it reacts to markets and when to stop trading it,
  • The future impacts of 2020 on backtesting, re-optimization and quant trading,
  • What could crash an overvalues stockmarket if a global pandemic can't,
  • Tail-risk hedging during volatility environments,
  • The drawbacks and dangers of using indicators in trading, plus…
  • The psychology of gains and losses, the information we don't see as traders, the best risk management tool you can possibly have, and MUCH more.
Dec 9, 2020

“Randomness has the greatest negative impact on single entry trading strategies.” – Brian Miller (Optimized Trading).

In this new episode of BST Live, Brian Miller from Optimized Trading joins us to discuss “3 under-utilized techniques to build dramatically better trading strategies”. 

Brian shared some unique ideas for building (and improving) trading strategies. Here are just some of the tips you’ll discover:

Basic market classifications most traders use (that miss the complete picture),

  • Designing models for specific market classifications
  • Managing trades as market classifications change,
  • How to get started building multi-structured strategies,
  • Matching the strategy style to the market,
  • Multi-value, multi-entry strategies, and diversification,
  • Adaptive money management using market classifications, plus…
  • Trade frequency, trending vs mean reverting, intelligent allocation, and much more.
Nov 25, 2020

“There are literally hundreds of statistically valid patterns in every market.” – Scott Andrews (Investiquant).

So, where are they hiding out, how can we find them and how can we determine the patterns are actually valid and not just random noise in the market?

In this new episode of BST Live, Scott Andrews from Investiquant joins us to discuss how to find statistical edges to improve your trading. Here are just some of the tips you’ll discover:

  • How to find potential edges and which markets are best,
  • Why it’s more important to spend time watching and studying the market than actually trading it,
  • The "3 C's rule" to separate genuine signals from the noise,
  • How long can pattern edges actually last and do dead edges ever recover?
  • How to track the health of an edge using t-score,
  • Using "traditional" indicators in patterns,
  • How to deal with drawdowns (and possibly the trading quote of the year!),
  • The "Speed Bump Rule" to manage drawdowns, plus…
  • Allocating capital, edges in stocks, building pattern libraries, ensembles vs patterns, day trading edges, context, sample size, and much more.
Nov 18, 2020

Is the trend REALLY your friend?

And if so, why do so many trend traders fail?

Global futures trader Brent Penfold joins us to discuss trend trading tactics, including:

• Why trend trading is so difficult for traders,
• Why traders should be careful using indicators,
• How to overcome challenging periods in trend trading,
• The surprising robustness of really old strategies,
• Why bright people struggle in the markets,
• Drawdown, risk, position-sizing, volatility cycles, data mining, and much more.

Nov 11, 2020

Quant Trader Alan Clement from Helix Trader discusses momentum trading & strategies, including:

  • Why momentum trading is so popular and how it works,
  • What makes a good trend indicator and the 4 best indicators to identify trends, 
  • Why the moving average is not a good trend indicator,
  • How to rank stocks by momentum and how many momentum stocks to hold in a portfolio,
  • The danger of stops and using momentum for exits instead,
  • How dual momentum protects during Bear markets and market crashes,
  • Filtering out false signals in indicators,
  • Plus, market regimes, shorting weak stocks, position sizing, and much more!
Nov 3, 2020

With the US elections just days away, traders are thinking about how the markets may react to whatever news the elections may bring.

Will we see a big selloff, wild swings in price, and huge spikes in volatility?

Or do the markets typically deliver something else around election time?

In this episode of BST Live, Perry Kaufman from Kaufman Signals joins us to discuss how to survive market selloffs, including:

  • Historical returns around election days since 1924,
  • The 2 types of prices shocks and the best approach to handling them, 
  • The link between stock price and percentage change and why you should avoid trading low priced stocks,
  • Should traders hedge to reduce risk,
  • The dangers of Price Shocks on backtesting results (and how to avoid them),
  • How to determine the volatility level where returns are no longer worth the risk,
  • Plus, volatility parity, rebalancing, portfolio volatility, and much more!
Oct 28, 2020

Ever had a strategy that looked like it was broken and wondered if you should stop trading it or not?

Strategy failure (or periods of poor performance) are just a part of trading, but how you deal with it can have a HA-YUGE impact on your overall results… so how do you detect when a strategy is failing?

How do you work out if you should stop trading it or just give it some more time?

In this episode of BST Live, trading champion Kevin Davey joins us to discuss how to detect when a strategy is failing, including:

• Why looking at a single equity curve is not giving you the full picture,
• How to determine the potential ranges of future strategy performance,
• Using Statistical Process Control to monitor trading strategies and which metrics are best,
• How Probability Cones can give traders a more informed view of strategy performance (and when a strategy could be broken),
• What do to when a strategy over-performs (the answer may not be what you think!),
• Should you turn a strategy back on if it recovers after extremely poor performance,
• How a really good backtest can actually be a predictor of bad performance,
• Plus, much more!

Oct 21, 2020

Are our roles as traders coming to an end soon?

Is AI and ML (that’s Machine Learning, not Money Laundering or Meat Loaf…) going to take over the trading world?

Trading veteran Bob Pardo from Pardo Capital joins us to discuss these topics plus much more, including:

  • How AI is missing common inputs used by human traders,
  • Modeling the expertise of human traders using Expert Systems,
  • The dangers of using computers to blindly create strategies,
  • Retail edges vs Institutional edges and how private traders can compete,
  • The lifespans of edges (are they getting shorter?),
  • The Dynamic Statistical Profile of strategies and taking strategies offline,
  • Correlations (and how correlation can be a 2-edge sword),
  • Objective functions and when it doesn't matter which one you choose,
  • Using performance feedback and indicators on equity curves,
  • Adaptive trading systems, fitting your process to your objective and much more!
Oct 13, 2020

DSP and Cycles expert John Ehlers, joins us to discuss all things optimization, including:

  • Why optimization is a statistical process and how to assess the results properly (including what to look for at “the 50% line”),
  • How much data you should REALLY use for reoptimization and why many traders use way too much data (and the impact it has on trading strategies),
  • The 3 best fitness functions to use in reoptimization and the dangers of a popular metric that can lead to over trading,
  • What the speed of optimization results can potentially tell you about strategy robustness,
  • The only 2 things that count when assessing a strategy (yup, just 2!),
  • Plus, much more.

Also, if you want to discover more of John’s Cycles and DSP techniques, John is running his annual workshop for the very last time this year (he’s retiring to go fishing and build model aeroplanes). The workshop is run over 4 evenings (US time – Oct 19-23) and it’s 100% online so no travel or quarantine required. For more info, visit: http://bettersystemtrader.com/jeworkshop2020 

Oct 7, 2020

High-performance trading coach Steve Ward from TradeAtYourBest.com discusses:

  • How to find the best opportunities during challenging times,
  • Why shifting perspective is such a critical skill for high-performance,
  • How to overcome internal resistance to become more adaptable,
  • “Learning vs Earning” and how to improve your chances of longevity in trading,
  • How to integrate being flexible with the “follow the system” approach of algo/systematic trading to be better prepared for whatever the market may hold,
  • Key actions traders should be doing right now to prepare for an unknown future in the markets,
  • Plus, many more practical tips to improve trading performance.

And if you want even more practical tips on high-performance trading, you should check this one out:

For the first time ever, Steve is running the 6-week "Trade At Your Best Trading Psychology Course" to teach private traders (he usually only works with institutional clients) the mindset and mental skills required to succeed in the markets, and close the gap between potential and actual returns.

So, if you want to see what knowledge, insights, and techniques Steve reveals to his Insto clients behind closed doors, this could be your only chance. (Have to admit I’m intrigued too…)

The program starts next week, you can find more details about the program at http://bettersystemtrader.com/taybcourse

 

Sep 28, 2020

Nick Radge from TheChartist.com.au discusses how to achieve consistent equity growth using multiple layers of diversification.

For more details about The Empowered Trader monthly newsletter, visit http://theempoweredtrader.com

Sep 21, 2020

Cesar Alvarez from AlvarezQuantTrading.com discusses effective Market Regime techniques to improve strategy performance and reduce risk by only trading in the best market conditions.

Sep 16, 2020

Details about what's next for BST and the special event being hosted this weekend.

Sep 12, 2020

As I'm sure you've realised, I've taken a break from podcasting for the last year or so.

I've been focusing on some other trading projects so I haven't released any new episodes for quite a while, but over that time I've received a lot of messages from traders hungry for more podcast episodes.

Has Better System Trader finished? Is it coming back?

I have some interesting news to share - take a listen.

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