Better System Trader

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Sinopsis

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.

Episodios

  • 029: Alan Clement discusses Rotational trading, alternatives to stop losses, measuring system health, dynamic position sizing and anticipating trading signals.

    18/10/2015 Duración: 54min

    Alan Clement is a Certified Financial Technician, full time independent trader, quantitative trading systems designer and private investment consultant. He is also a councillor with the Australian Technical Analysts Association and contributes to the technical analysis articles for Fairfax press. In this episode we talk about Rotational trading systems, the impact of stops on results and alternatives to managing risk. Alan also shares some interesting tips into measuring system health, dynamic position sizing and anticipating trading signals. Topics discussed Rotational trading - entries, exits and managing risk Methods to measure momentum in trend following strategies The impact of stop losses in trading systems and alternatives to managing risk Tips to position sizing without a stop loss Using dynamic profit targets to reduce risk and increase return Why drawdown is not a single number Using Monte Carlo analysis as a dynamic position sizing tool Methods to determining current system health Factors to consi

  • 028: David Aronson shares research into indicators that identify Bull and Bear markets, including the Golden Cross/Death Cross, RSI, ADX, ROC and many others.

    11/10/2015 Duración: 55min

    David Aronson is a pioneer in machine learning and nonlinear trading system development and signal boosting/filtering. He is author of “Evidence Based Technical Analysis” and his most recent book "Statistically Sound Machine Learning for Algorithmic Trading of Financial Instruments" is an in-depth look at developing predictive-model-based trading systems. He was also an adjunct professor of finance, regularly teaching MBA and financial engineering students a graduate-level course in technical analysis, data mining and predictive analytics. In this episode David shares research into the effectiveness of indicators to identify Bull and Bear markets; he’s tested a large number of indicators and combinations with some interesting results! We also discuss issues with data mining, conditions where traditional methods of measuring data mining levels can be problematic and then finish up with the future state of Technical Analysis. Topics discussed What the popular Golden and Death Cross can tell us about the probab

  • 027: Trader and Psychologist Dr Gary Dayton discusses why traditional approaches to controlling emotions don't work, the role of emotions in trading and how mindfulness can improve trading performance.

    03/10/2015 Duración: 01h01min

    Dr. Gary Dayton has been an active trader since 1999 and is President of a consulting firm that specializes in developing “peak” performance in traders. His approach to trading psychology is very different to the traditional approaches used by other trading coaches, introducing traders to the practise of mindfulness to not only overcome fear and other unwanted trading emotions but to develop the concentration and focus needed to trade successfully. In this episode we discuss why traditional approaches to controlling emotions don't work, the role of emotions in trading and how mindfulness can improve trading performance. He also shares some tips on how to get started practising mindfulness, the benefits it can have outside of trading and how the approach of Mental Parking can increase focus. Topics discussed Comparisons of sports and trading performance Traditional approaches to handling emotions in trading and why they don't work Why it’s impossible to suppress your emotions Landing a plane in the Hudson Riv

  • 026: Systematic trader Robert Carver discusses trading rules, what makes a good trading rule and the advantages of using continuous rather than binary rules. He also shares insights into over-fitting and the challenges of walk-forward testing that can mak

    27/09/2015 Duración: 57min

    Robert Carver is an independent systematic trader who spent more than seven years working for one of the worlds largest systematic hedge funds. In this episode we discuss trading rules, what makes a good trading rule and the advantages of using continuous rather than binary rules. He also shares insights into over-fitting and the challenges of walk-forward testing that can make it impractical. Topics discussed What makes a good trading rule The advantages of simple rules Why only some trading rules are profitable Walk-forward testing and some of the challenges that can make it impractical How much data you actually need to determine if a trading rule is better than another Why choosing the optimal values during a walk-forward test is not the best approach and some alternatives Weighting trading rules Steps to avoid over-fitting Should trading rules be adjusted for individual instruments? Continuous trading rules compared to binary rules The applications and advantages of continuous trading rules What makes a

  • 025: Dr Brett Steenbarger, trader and trading coach, discusses creativity, static thinking and why it's important to have unique ideas for trading success. We also cover tips to increasing our creativity, why traditional trading rules need to be updated,

    21/09/2015 Duración: 01h10s

    Brett N. Steenbarger, Ph.D. is a trader, psychologist and trading coach who has been actively involved in the financial markets since the late 1970s. He is the author of a number of popular trading performance books and consults for hedge funds, investment banks and proprietary trading groups. Brett has an interest in using historical patterns in markets to find a trading edge publishing measures and strategies on his popular TraderFeed blog. He is also a regular contributor to Forbes. In this episode we discuss creativity, static thinking and why it's important to have unique ideas for trading success. We also cover tips to increasing our creativity, why traditional trading rules need to be updated, the challenges of daytrading and how to overcome them. Topics discussed Three important components of successful traders Why the traditional rules of trading need to be updated Why traders get stuck in static thinking and need to be more like entreprenuers The two different types of trading brains and how unders

  • 024: Trader coach Dr Van Tharp discusses beliefs and their impact on trading, the qualities of successful traders, adapting trading to market types, position sizing, trading mistakes and overcoming fear, perfectionism and impatience.

    13/09/2015 Duración: 52min

    In this episode Dr Van Tharp talks about beliefs and their impact on trading, the qualities of successful traders, adapting trading to market types, position sizing, trading mistakes and overcoming fear, perfectionism and impatience. Topics discussed How Van got started in the markets and the issues he faced initially The main reasons the majority of trades are unsuccessful How traders can identify the type of strategies that suits them What it means to trade your beliefs in the market How to assess whether your beliefs are useful or limiting The real importance of psychology in trading Your collection of parts and how they interact The process of transformation in a trader Qualities of losing traders and how to test yourself for them The impact mistakes could be having on your results without even knowing How to cope with larger trade sizes as your account grows PLUS listener questions on: Using position sizing to meet your objectives The 6 market types, how to measure them and how to apply it to your tra

  • 023: Portfolio manager Michael Himmel discusses Artificial Intelligence, the challenges and applications of AI in trading, criticisms of Machine Learning, event studies and the importance of selecting datasets.

    05/09/2015 Duración: 59min

    Michael Himmel is a Founding Partner, Portfolio Manager and Director of AI Research for Essex Asset Management. He has been actively trading and designing systems since the 1980s, managing the No.1 Global Macro Hedge fund in the world in 1999. He now uses large doses of AI and Machine Learning in his current practice. In this week’s episode we discuss Artificial Intelligence, the challenges and applications of AI in trading, criticisms of Machine Learning, event studies and the importance of selecting datasets. He also shares insights from starting out as a runner for some of the biggest players in the 1980s, to managing the no. 1 global macro hedge fund in 1999 to using AI in his practise today. Even if you’re not into AI and machine learning, the stories and insights Michael shares are invaluable. Topics discussed Lessons from running orders for some of the big players in the 1980s Transitioning from discretionary to systematic trading The challenges of applying Artificial Intelligence (AI) and Machine Lea

  • 022: Proprietary trader Robert Bubalovski discusses prop trading, arbitrage and pairs trading, statistical trading and what it takes to be a successful trader.

    30/08/2015 Duración: 50min

    Robert Bubalovski is the Managing Director and Head Trader at TradeView investments, a privately held proprietary trading firm located in Melbourne, Australia. Since 1996 Robert has been actively involved in the financial markets and trading, in 2012 he decided to set up his own Proprietary Trading Firm to concentrate on his own trading strategies. His team of professional proprietary traders specialize in the trading of Equities, Futures, Options, FX and Money Markets across multiple exchanges around the globe and around the clock. In this weeks episode we discuss prop trading, the challenges and lessons from beginner trader to starting an investment firm and what it takes to be a successful trader. We also discuss arbitrage and pairs trading strategies, statistical rather than indicator-based trading and the importance of simplicity. Topics discussed The pros and cons of prop trading The progress of a prop trader How long it takes to become a successful prop trader The attributes of successful traders Advi

  • 021: Tim Rea discusses aspects of trading multiple strategies, including monitoring performance, money management, correlation, technology and trading in markets not in your timezone. We also discuss the impacts of the MFGlobal and PFG collapses a

    23/08/2015 Duración: 53min

    Tim Rea is a proprietary trader, trading his own money with well over 100 automated systems across 25 different Futures contracts. He is a past winner of the World Cup trading championship, along with being a CTA and broker but gave that away to focus on trading his own money. In this weeks episode we discuss various aspects of trading multiple strategies, including monitoring performance, money management, correlation, technology and trading in markets not in your timezone. We also discuss the impacts of the MFGlobal and PFG collapses and how Tim overcame the heavy losses to continue trading. Topics discussed How poor experiences investing with others drove Tim to figure it out for himself Becoming a systems vendor, CTA and broker and why he then left it all behind to just trade his own money How shorter term trading can increase confidence in a system How many strategies he’s currently trading (hint: its more than 100!) Keeping track of the performance of multiple strategies Why you shouldn't just stop tra

  • 020: Larry Williams talks conditional trading, what drives prices, the misuse of indicators, cycles, forecasting markets PLUS 50 years of trading insights

    16/08/2015 Duración: 01h07min

    In this weeks episode Larry Williams talks about conditional trading, understanding what drives prices, the misuse of indicators and how to apply them correctly. We also discuss cycles, forecasting markets, what to look for in market tops plus loads of listener questions where Larry shares tips and insights from 50 years of trading. Topics discussed What it means to be a conditional trader Why buy and sell signals need to be analysed in the context of market conditions Fundamental factors that drives markets Interpreting the COT reports correctly The buying differences between retail and commercial traders and how it can indicate future market direction Why you should approach trading like a combination lock Coming up with unique indicator ideas The mis-use of indicators and how to use them correctly Trading styles of successful traders Forecasting markets based on technical factors Characteristics of stock market tops and bottoms The fundamentals to watch during market tops Listener questions Issues with

  • 018: Scott Andrews 'The Gap Guy' talks all about Gaps, why they work, how to pick the best Gaps and avoid the worst, Gap Zones and setting stops and targets. PLUS we discuss a concept called 'Ensemble Systems' that may just change the way you view trading

    03/08/2015 Duración: 50min

    Scott Andrews 'The Gap Guy' shares his expertise in gaps, why they work, what factors to take into account when trading gaps and what to avoid. We also discuss gap zones, when to fade and when to follow and calculating stops and targets. PLUS, for those that aren't into Gap trading, we cover some important concepts that can impact all styles of trading, include one concept called 'Ensemble Systems' which may just change the way you look at trading strategies. Topics discussed Why it’s important to trade a style that matches your own strengths rather than follow someone else Why gap trading works Markets where gaps work best and those that don't The best type of stocks to trades gaps and the stocks to avoid The benefits of trading gaps in indices vs stocks The 3 market conditions to look at when analysing a gap How seasonality impacts gap trading Signs of gaps to avoid Using ATR to determine the probability of gap size closing Gap zones and how the location of the gap can provide useful information The worst

  • 017: Jerry Parker from the original Turtles trading group shares 30+ years of trading experience in trend following and systematic trading.

    27/07/2015 Duración: 54min

    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 foll

  • 016: Trading champion Andrea Unger provides tips to creating robust strategies, indicators in trading, Forex trading and optimising to understand market behaviour.

    20/07/2015 Duración: 01h08min

    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 trad

  • 015: Stuart McPhee talks about the single biggest factor to trading success, common mistakes and the counter-intuitive side to trading, plus tips to improve discipline

    12/07/2015 Duración: 38min

    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

  • 014: Rande Howell discusses issues limiting trader performance, the impact of emotions, managing process not outcome and tips to improve trading performance.

    05/07/2015 Duración: 01h14min

    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

  • 013: Hedge fund manager Andreas Clenow discusses cash vs risk allocation, position rebalancing and why traditional trend following doesn't work in stocks.

    29/06/2015 Duración: 48min

    Andreas Clenow is a hedge fund manager who specialises in developing and trading quantitative strategies across all asset classes. Before joining the hedge fund world by establishing his own hedge fund he maintained Global Head positions at Reuters and Equis International. He is the author of two books, the first being international best seller ‘Following the Trend’ and the second ‘Stocks on the Move’ has just been released. In this episode Andreas talks about trend following in stocks, why traditional approaches don't work and what you can do to account for this. We also talk about trading concepts, cash vs risk allocation, position rebalancing and building robust strategies. Topics discussed The origins of trend following and why a traditional trend following approach doesn't work on stocks Why it’s a bad idea to think in terms of cash allocation and the solution Position rebalancing, why, how and when How hedge funds look at position sizing compared to retail traders Why pyramiding positions doesn't make

  • 012: Ernest Chan talks quantitative trading, momentum, stop losses, minimising drawdown and maximising returns, automated trading and competing with the big firms

    21/06/2015 Duración: 49min

    Dr Ernest Chan talks about many aspects of quantitative trading, including how market crises impact momentum strategies and how to manage the impacts, when to use stop-losses and when they don't make sense, automating trading, managing funds in a portfolio of strategies and a simple money management approach which aims to limit drawdowns while maximising returns. Topics discussed Where to find trading ideas The first aspect of a market to identify before building a strategy for it Momentum crashes and the performance of momentum strategies after a financial crisis How to manage the times when momentum strategies aren’t working When stop losses should be used and when they don’t make sense How to limit drawdowns while maximising growth Factors to consider when automating your trading How independent traders can avoid competing with the big trading firms When you need to worry about market microstructure and when it doesn’t matter Managing funds for a multi-strategy portfolio The hardest part of trading

  • 011: Ralph Vince talks position sizing, the different applications of optimalf, trading horizon, diversification and his changing views over 25 years.

    14/06/2015 Duración: 01h03min

    Ralph Vince talks about position sizing, how to choose a position sizing model that suits you, optimalf, the curve and how it can be used for maximum growth and other applications. The risk of multiple strategies in a portfolio and how to manage it, dynamic position sizing, martingale strategies and how Ralphs views on money management has changed in the past 25 years. Topics discussed The single biggest factor in trading which is also probably the most overlooked The most important factor when determine position sizing How horizon impacts position sizing How Optimalf is only one point on the curve and other critical points you also need to consider Traversing the curve and how it applies to your trading criterion How to manage a portfolio of multiple strategies The risk of multiple strategies and how to manage it Trading the equity curve Dynamic position sizing When Martingale strategies make sense How Ralphs views on money-management have changed in the past 25 years

  • 010: Perry Kaufman discusses applications of market noise, mitigating price shocks, volatility and using the Information Ratio to monitor strategy performance.

    07/06/2015 Duración: 01h13min

    Perry Kaufman discusses market noise, the impact it has on trading styles and how it can be used to determine which strategies suit a particular market. We also talk about price shocks and how to mitigate their effects, how to use volatility in your favour, volatility parity for position sizing, the information ratio for strategy performance and some strategy ideas you can test yourself. Topics discussed How market noise impacts trend following and mean reversion The effects of money flow during a crisis The types of strategies that work best in new markets and why How the efficiency ratio can be used to determine the best type of strategy for a market The best markets for trend following and mean reversion What strategy style to choose if you're just starting out Using Volatility Parity for position sizing Impacts and dangers of price shocks on backtesting and how to handle them Mitigating the risk of price shocks Using the Information Ratio to measure strategy performance and detect possible over-fitting T

  • 009: Gary Antonacci discusses the different types of momentum and how they can be used in a strategy to make profit and protect during a market downturn.

    31/05/2015 Duración: 34min

    Gary Antonacci discuss all things momentum; the different types of momentum and their individual applications, how they can be combined, how momentum can be refined, the benefits and challenges of momentum, why momentum works and much more. Topics discussed The different types of momentum and their use How to combine them for better performance How Dual Momentum protects in a bear market The benefits of Dual Momentum The impact of lookback periods and rebalancing Using Dual Momentum with other asset classes Reducing the impact of mean reversion in stocks Why momentum works and is likely to continue working in the future

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