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

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

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 trading a system when the drawdown is larger than it has been historically
  • Why you should try to understand the underlying reasons for strategy drawdown
  • Considerations when adding more strategies to a portfolio
  • Managing correlations with multiple strategies
  • Position sizing when trading multiple systems
  • The benefits of trading a portfolio vs trading an individual method
  • How to manage trading in markets not in your timezone
  • The impact of the PFG collapse and how Tim overcame the heavy losses
  • Lessons learnt from dealing with MFGlobal and PFG collapses
  • How to manage your trading account to minimise risk of loss in another collapse
  • The benefits of trading Forex
  • How Tim won the World Cup Trading championship trading just the EURUSD
  • The importance of vision in your trading business

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.

Jaksot(242)

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

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

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.

26 Marras 20221h 7min

Indicators vs Price Action - Which is King?

Indicators vs Price Action - Which is King?

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.

14 Marras 202256min

207: Preparing for a new trading year

207: Preparing for a new trading year

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.

24 Joulu 20211h 33min

206: “Systematic Crypto” – Adrian Reid

206: “Systematic Crypto” – Adrian Reid

Adrian Reid from Enlightened Stock Trading joins us to discuss systematic crypto trading, including: Why traders should consider the crypto markets right now, The mistakes most traders make with crypto, Choosing the best exchanges, data and software for crypto trading, Why buy and old is a bad approach to crypto and what you should do instead, The types of strategies that work in the crypto markets right now, The 3 types of risk in the crypto space (and how to reduce them), How to overcome limitations in crypto data, plus Regime filters, optimization, stop losses, backtesting, robustness, auto trading, price behaviour 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.

25 Marras 202158min

205: “Simple strategies, stable results.” – David Stendahl

205: “Simple strategies, stable results.” – David Stendahl

David Stendahl from SignalTradingGroup joins us to discuss techniques traders can use to achieve more stable results, including: Why it's good to understand a systems logic and will simple systems continue to work, How to apply adaptive logic to simple systems, Mistakes traders make using seasonals, How "seasonal depth" can identify when a market is likely to make a big move, Using environmental overlays to adjust position sizing, Using VIX to switch strategies on/off, Plus, we discuss which is better: diversification of systems or markets?   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.

11 Marras 20211h

204: “How to leverage market biases to improve strategy performance” – Lawrence Chan

204: “How to leverage market biases to improve strategy performance” – Lawrence Chan

Lawrence Chan from DayTradingBias joins us to discuss market bias and how to leverage structural bias to increase strategy performance, including: "Atomic strategies" and knowing when to NOT trade, The most toxic period to backtest a strategy, Why market behaviours are becoming so predictable, How some trading platforms are taking traders down the wrong path, Exploring biases caused by recurring events, Why traders should think in concepts first, Plus, leverage and volatility breakouts, chart patterns, simple tools, knowing the behaviours of market participants, human psyche, market internals 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.

28 Loka 202156min

203: “Going against the crowd - a contrarian approach to trading profits.” – Jason Shapiro

203: “Going against the crowd - a contrarian approach to trading profits.” – Jason Shapiro

Jason Shapiro from Crowded Market Report discusses a contrarian approach to trading profits, including: Why contrarian trading makes sense, How to identify crowded trades and why price is not a good contrarian signal, What the markets really are and why traders don’t understand it, Risk management for contrarian trades, Why traders shouldn't care about being right or wrong, Plus, COT report, hedgers and speculators, fading the “experts”, trading through news events 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.

21 Loka 202150min

202: “Buying pullbacks, avoiding bear markets” – Larry Tentarelli

202: “Buying pullbacks, avoiding bear markets” – Larry Tentarelli

Larry Tentarelli from Blue Chip Daily joins us to discuss techniques to buying pullbacks and avoiding bear markets, including: Determining the trend with price action and why price action is better than indicators, Using volatility and range expansion as warning signs, Impact of the index on individual stocks, Managing trades when markets are breaking down, Reliability of moving average crosses, Clues that indicate a pullback may be turning into a bear market, Using market internals to identify potential turning points, Plus, systematic rules vs discretionary trading, trading in a bear market, controlling the urge to overtrade, scaling-out of positions, sector rotation and selection, what to watch for in the markets right now, 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.

7 Loka 202151min

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