Welcome to a new trading series called "The Trading Panel", where I collaborate with Jason Perz from Against All Odds Research and a panel of traders to discuss the markets and all things trading. Participants on this weeks panel are:   Andrew Swanscott Jason Perz Richard Brennan Kevin Green Pavel Kycek 0:00 – Show Introduction and Panelist Greetings 0:49 – Panelists’ Backgrounds and Trading Philosophies 6:17 – Analyzing Economic Indicators and Their Impact on Markets 13:19 – Debunking Market Myths with Price Action Signals 24:21 – Transitioning to Systematic Trading for Longevity 36:34 – The Role of Macro Factors in Shaping Trading Strategies 49:05 – The Future of Trading: AI, Cryptos, and Beyond 1:02:27 – Wrapping Up: Key Takeaways and Contact Information Disclaimer: Trading in the financial markets involves a substantial risk of loss. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice.

226: The Trading Panel – Episode 3

Unlock the secrets of algorithmic crypto trading with Pavel Kycek in this entertaining and insightful episode. Whether you're a crypto newbie or a seasoned trader looking to refine your trading strategies, Pavel's insights into the volatile world of cryptocurrency and expertise in algorithmic trading will guide you through the complexities of systematic trading, risk management, and much more.    Here are some of the topics you’ll discover in this discussion:     How to identify what style of trading works best in crypto,   The “Idea first” approach to building trading strategies that work,   Indicators in crypto trading and how simple your trading strategies should really be,   The type of strategies that work in the crypto market right now,   Common robustness tests that work in crypto and which ones you should avoid (and why),   Risks with crypto trading and how to reduce them so you can sleep well at night,   Selecting the best cryptos to trade & the different behaviour and characteristics of coins,   How the crypto markets are changing and what that means to future trading strategies,   Regime filtering - when to use them and when to avoid them,   Generating portfolios of crypto strategies and the types of strategies to include for performance stability,   And much more...     Disclaimer: Trading in the financial markets involves a substantial risk of loss. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice.  

225: Algorithmic Crypto Trading - Pavel Kycek

Welcome to a new trading series called "The Trading Panel", where I collaborate with Jason Perz from Against All Odds Research and a panel of traders to discuss the markets and all things trading. Participants on this weeks panel are:   Andrew Swanscott Jason Perz Kashyap Sriram Pavel Kycek Kevin Green  Timestamps [00:00] Introduction and Overview of Trading Topics [06:37] Discussion on Personal Trading Experiences and Learning Curves [12:21] Insights into Systematic vs. Discretionary Trading [15:43] The Role of Market Cycles in Trading Profitability [17:33] Exploring the Impact of Rate Decisions on Trading Strategies [23:54] Debunking Common Trading Myths and Strategies [25:07] Discussion on Options and Volatility Trading [28:27] Carry Trades and Their Potential Risks [30:42] Unforeseen Market Events and Their Impact on Trading [33:17] The Swiss Franc Event: A Case Study [36:30] Exploring Premium Scalping and Its Risks [39:25] The Yen-U.S. Dollar Carry Trade Discussion [42:12] Institutional Strategies and Risk Management Techniques [43:28] Policy Changes in Trading Instruments: USO ETF Case [46:27] Futures Contracts: Managing Expiry and Liquidity Risks [49:24] Liquidity and Risk Management in Trading [53:42] The Negative Oil Price Event: An Anecdote [54:54] Closing Remarks and Contact Information of Panelists [56:05] Final Thoughts and Upcoming Episode Teaser Disclaimer: Trading in the financial markets involves a substantial risk of loss. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice.

224: "The Trading Panel" Episode 2

Welcome to a new trading series called "The Trading Panel", where I collaborate with Jason Perz from Against All Odds Research and a panel of traders to discuss the markets and all things trading. Participants on this weeks panel are:   Andrew Swanscott Jason Perz Kashyap Sriram Markets & Mayhem Mike Melissinos Pavel Kycek  Timestamps[00:00] Introduction to The Trading Panel [00:53] Speaker Introductions [08:23] Discussion on Trading Strategies and Market Positions [15:18] The Importance of Backtesting in Trading [20:06] Diversifying Trading Strategies and Portfolios [25:07] Handling Market Expectations and Predictions [28:36] Strategies to Avoid Curve Fitting in Trading [33:32] Price Agreement and Trading Decisions [38:31] Combating Curve Fitting with Simple Strategies [41:07] Fundamental Analysis in Trading Decisions [43:33] Systematic Trading and the Role of Historical Data [47:44] Closing Thoughts on Curve Fitting and Trading Strategies [52:16] Wrapping Up and How to Follow the Speakers Disclaimer: Trading in the financial markets involves a substantial risk of loss. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice.

223: "The Trading Panel" Episode 1

Get ready to unlock the secrets of trading in uncertain markets with Richard Brennan and your host Andrew in this power-packed episode! Whether you're a novice or a seasoned trader, this episode is filled with invaluable insights that will help you navigate the volatile waters of the market with confidence.   Key Points You'll Learn:     Core principles for long-term trading success,   Understanding market dynamics,   The barbell approach to trend following,   The benefits of using simple models in trading,   How to identify and mitigate fragility in trading strategies,   Managing risk with tail properties,   The power of diversification and strategies to achieve maximum diversification,   Navigating market regimes and fat tail events,   And much more.     Disclaimer: Trading in the financial markets involves a substantial risk of loss. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice.  

222: Surviving Uncertain Markets - Richard Brennan

Discover the good, the bad and the ugly of systematic trading as our guest Cesar Alvarez from Alvarez Quant Trading shares some key moments in his trading career all traders can learn from!    Key Points You'll Learn:     The impact of bad trades and what to do when you’re in a trade you shouldn’t be in (the answer may not be what you think!),   Why the market can actually be a distraction to your trading and how watching the market LESS could be the key to improving your results,   Shorting disasters and how to avoid that one disaster trade that could wipe out your account,   A common perception about systematic trading that just isn’t true (and how to overcome it),   Plus loads of insights into algo trading, risk management, short selling and valuable lessons from many years of trading.     Disclaimer: Trading in the financial markets involves a substantial risk of loss. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice.  

221: Bad trades, shorting disasters and just get out!

Jump right into this exciting episode where Scott, a former tennis coach turned expert trader, shares his journey and tricks of the trade. With his witty anecdotes and deep insights, Scott's story isn't just about trading; it's a tale of transformation and finding success in unexpected places.   Key Learning Points:     Transitioning Careers: Hear how Scott switched from tennis coaching to trading and the lessons he learned.   Trading Strategies: Discover Scott's approach to different trading strategies and what works best.   Risk Management: Learn about the importance of balancing trade size and managing risks.   Cultural Influence: Find out how culture can significantly impact your trading success.   Adapting to Change: Gain insights on staying flexible and adapting to market changes.     Disclaimer: Trading in the financial markets involves a substantial risk of loss. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice.  

220: 3 Biggest Lessons From Tennis Pro to Trading Pro

In this episode, our guest is breakout trading specialist and Hedge Fund manager Tomas “Mr Breakouts” Nesnidal. In our discussion Tomas shares the 3 biggest lessons from his start in discretionary chart trading up to breakout trading mastery, plus some interesting stories along the way (like the trading tips he learnt from a CIA agent!) Packed with practical tips, eye-opening insights and interesting stories, this is a must-listen for anyone looking to up their trading game. Tomas's story is one you don't want to miss. Key Points: Transition from Discretionary to Algorithmic Trading The Role of Lifestyle in Trading Choices Exploring Breakout Trading Strategies Incorporating Robustness Testing in Trading The Importance of Exit Strategies over Entries Developing a Successful Trading Model Influence of Mentors in Trading Development And Much More. Disclaimer: Trading in the financial markets involves a substantial risk of loss. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice.

219: 3 Biggest Lessons from Chart Trader to Algo Hedge Fund Manager

Want better performance from your trading strategies?   In part 3 of my chat with legendary trend-following Turtle Trader Jerry Parker we discuss optimization, how to really extract better performance from your trading, and common traps to avoid.   Key discussion points:     Minimizing Optimization for Maximum Effect: How over-complicating your approach can backfire, why less is often more when it comes to trading strategies and what you should do instead.   The Power of Simplicity: Learn why fewer rules often lead to better trading outcomes.   The Role of Back Testing: Discover the benefits and limitations of this crucial and often mis-used trading tool.   Diversifying Exits for Better Results: How diversifying your exit strategies can enhance your trading performance.   Adapting to Market Volatility: Tips on how to stay afloat and succeed in fluctuating markets.   And much more.     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.

218: Trading Triumphs - Jerry Parker #3: The Dangers of Optimization

This is part 2 of my chat with legendary trend-following Turtle Trader Jerry Parker.  In this episode, Jerry unravels the complexities of trading size, risk management, and the mental fortitude required in the world of trading. From personal anecdotes to professional insights, this episode is a treasure trove for traders at any level.   Key Points You'll Learn:   Trading Within Limits: Understand the importance of trading size that aligns with your comfort level.   Adhering to Systems: Discover why sticking to systematic rules is crucial for long-term success.   Mental Resilience: Learn about the psychological challenges in trading and strategies to cope with stress.   Personalizing Risk Management: Find out how to balance risk-taking with your personal risk tolerance.   Learning from Mistakes: Hear about Jerry's early experiences and how they shaped his approach to trading   Plus much more.     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.

217: Trading Triumphs - Jerry Parker #2: Excessive Risk

In this episode, legendary trend-following Turtle Trader Jerry Parker shares his journey from the initial struggles to mastering the art of trend following. Whether you're a newbie or a veteran in trading, this discussion offers valuable insights and real-life lessons that can transform your approach to the markets. Key Points You'll Learn:   Overcoming the fear of entry and the importance of executing trades.   The role of systematic rules in trading success.   Learning and growing from trading mistakes.   Adapting strategies according to market trends.   Developing the right trader mindset for long-term 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.

216: Trading Triumphs - Jerry Parker #1: Fear of Executing Trades

Ever wondered what it takes to design profitable trading strategies that can even win trading competitions? In Part 3 of my chat with trading champion Kevin Davey, Kevin shares his approach to winning a trading competition, and how this relates to all traders, including strategy design, overcoming setbacks, and success and luck in the trading.    Here’s just a taste of the nuggets of wisdom Kevin shares in our chat:     Championship Strategies: Dive into the tactics Kevin used to win the Robbins World Cup Trading Championship.       Crafting Robust Trading Systems: Uncover the art and science behind developing trading systems that deliver results.       Balancing Skill and Luck: Kevin sheds light on how luck influences trading outcomes and the importance of skillful decision-making.       Resilience in Trading: Learn how to set achievable goals and effectively recover from trading downturns.       Essentials of Back Testing: Find out why Kevin emphasizes the power of back testing in creating trading strategies.    And much more!     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.  

215: Trading Triumphs: Kevin Davey's Journey To Success Part 3

Step into the gripping world of trading with Kevin Davey, a seasoned trader with a tale that'll keep you on the edge of your seat!  In part 2 of my chat with Kevin, he shares his journey from relentless losses (and margin calls) to transforming his trading approach. Kevin's story is a rollercoaster of emotions and lessons. Key Points You'll Discover:   The Perils of Scale Trading: Kevin's early strategy and how it led to a tough learning curve.   Emotional and Financial Impact: The psychological toll of repeated losses and the importance of mental resilience in trading.   Transition to Algorithmic Trading: How Kevin shifted gears to a more data-driven, algorithmic approach.   Risk Management Insights: Kevin's take on the critical role of risk management in trading success.   Diversification as a Strategy: Why trading multiple strategies and markets is crucial for stability.     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.

214: Trading Triumphs: Kevin Davey's Journey To Success Part 2

Dive into the world of trading with Kevin Davey, a champion trader who turned his part-time passion into a full-time career. In this enlightening discussion, Kevin spills the beans on his journey and strategies that helped him climb the ladder of success in the trading arena. Key points you’ll discover:   Transitioning from Part-time to Full-time: Kevin shares his personal journey, revealing how he smoothly transitioned from part-time trading to becoming a full-time professional.   Strategies for Success: Uncover the effective trading strategies that Kevin employed to stay ahead of the game.   Overcoming Challenges: Learn about the hurdles Kevin faced in his trading career and how he overcame them.   The Importance of Environment: Kevin emphasizes the role of a supportive and conducive environment in a trader's success.   Consistency is Key: Discover how consistency played a crucial role in Kevin's trading journey, ensuring long-term 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.  

213: Trading Triumphs: Kevin Davey's Journey To Success Part 1

Dive into the pivotal moments that shaped a trading veteran! Brent Penfold shares the twists and turns of his journey, from a chance encounter that launched his career to the mentorship that saved him from his own trading pitfalls. Get ready for a candid look at the successes, stumbles, and strategies that define a true market maestro.   Key Points Listeners Will Learn: - How unexpected opportunities can kickstart a trading career. - The importance of mentorship in navigating the trading landscape. - Transitioning from discretionary to systematic trading. - The value of backtesting and choosing the right tools for your strategy. - Why transparency and accountability are crucial in trading.   Fun Fact: Brent still sometimes counts waves due to his early imprinting with Elliott Wave theory, despite now being a systematic trader.   Next Steps: Ready to level up your trading game? Visit indextrader.com.au for more details on Brent's upcoming workshop and don't forget to contact Brent for a special 10% discount exclusively for Better System Trader viewers. Just mention you saw him here and get ready to transform your trading! 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.

212: Trading Triumphs - Brent Penfold's Journey to Success

Buckle up because we've got a special treat for your trading journey! Adrian Reid, a seasoned trader with a wealth of experience, joins us on Better System Trader, in this special "Trading Triumphs: The Journey to Success" series, to get real about what it truly takes to succeed in the market.  In this discussion, we dig deep into 3 defining moments of Adrian's trading journey, to uncover what really helped him achieve success. We're unpacking the trials, triumphs, and timeless wisdom of trading. This isn't just an episode; it's a masterclass in perseverance and profit. Here are 5 keys you'll unlock in this episode (plus many more!):   The Marathon Mindset: Learn why trading is a long-haul game and how keeping a level head through the wins can define your success. Diversification is Your Safety Net: Discover Adrian's strategy for using gains to spread your risk and open new doors in the trading world.  The Power of Patience: Adrian spills the beans on how waiting out a staggering 27 losing trades in a row taught him the patience of a saint—and the payoff was heavenly!  Emotional Equilibrium: Get the inside scoop on handling the mental game of uncomfortable drawdowns without losing your cool (or your shirt).  System Adoration: Why falling in love with the process, the rules, and the rigorous testing of your trading system can be the most rewarding relationship you'll ever have.   📢 **MORE INFO** Get more details about this episode, including exclusive show notes, summary points and the transcript, at https://bettersystemtrader.com/211 Ready to accelerate your learning curve? Jump into Trader Acceleration Week with Adrian, it's free. Register now at: https://go-bst.com/taw   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.

211: Trading Triumphs: The Journey to Success with Adrian Reid

How can traders make better decisions to improve their trading results?   In this episode, Matt Zimberg from Optimus Futures joins me to discuss decision making, what traders do wrong and how to be a more successful trader (and person) by making better trading decisions.   Here are some of the topics we discuss:   The importance of decision-making in trading, Common mistakes traders make, How traders underestimate “the game of trading”, Filtering out bad trading information and training your brain to make good decisions, The importance of learning about things outside the market, The 3 main goals of successful traders, Fear and euphoria, Contrarian trading, people who shouldn’t trade, and much more.    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.

How do successful traders make better decisions?

Are you looking for unique ways to use “Big Picture” analysis to guide your trading decisions? In this episode, Brent Penfold from indextrader.com.au joins me to share some interesting (and effective) techniques he uses to determine the big picture to guide trading and investing decisions, including:    Why the big picture is so important in trading, How technical analysis can fool traders, What are fractals and why they matter, Validating market reactions to specific levels, The Market Ladder that projects support and resistance levels, Using fractals to see the big picture and the simplest fractal pattern there is, Pivot points over multiple timeframes and market expectations around pivots, Examples of market reactions to pivot points, Is it safe to get back into the market? Fractals and pivot points on non-index markets, Dynamic pivot points vs static pivot points, Robustness in old trading ideas, And much more!    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.

Using "Big Picture" Analysis to Guide Trading Decisions - Brent Penfold

Which is better for trading strategies - Indicators or Price Action? In this episode, Scott Welsh from scottwelshstrategies.com joins me to answer this eternal question. Here are some of the topics we discuss:  Strange things that have impacted the markets this year, The value of reviewing simple strategies, Expectations traders have of trading strategies, Choosing the right trading style for a market, How to determine which markets trend the most, Old trading strategies that continue to do very well, How to manufacture “lucky” trading, Tracking dozens of old strategies, Identify strategy failure, The recent performance simple trading strategies, Plus much more!  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.    

Indicators vs Price Action - Which is King?

3 amazing guests join us to discuss trading insights of the past year and how to prepare for a HUGE trading year ahead, including:  Getting better as a strategy builder, Challenges building short index strategies, Switching between old and new strategies, Timeframes for short-term trading strategies, Scaling out in volatile sideways markets, When the next bear market will begin and the transition from Bull to Bear, Trend following over the last few months, "V" price movements in the markets, Stop & Reverse and small stops in crazy markets, Plus doing more of what works, old strategies that do well, algorithmic short selling and much more.    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.

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