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

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

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 the Forex market
  • Trading prices patterns, do they still work and are they scalable
  • Why short term price patterns work
  • What happened in 2002 and why you need to consider that when backtesting
  • Will trend trading always be effective?
  • How many positions to trade at one time
  • Money management tips for those who aren't into heavy maths
  • Choosing the best markets to trade
  • Favourite Larry Williams indicator
  • What keeps Larry motivated to trade after 50 years
  • What drives peak performance (it’s not money…)
  • The key component that really drove Larry to becoming a consistently successful trader
  • How Larry lasted so long in the industry
  • How to overcome emotions when entering or holding trades
  • Larry’s biggest contribution to the trading industry
  • Why Larrys strategies have lasted the test of time
  • Common traits against the most successful traders
  • The trading model that’s worked for Larry for over 50 years

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.

Avsnitt(242)

201: “Getting serious about part-time trading” – Kris Longmore

201: “Getting serious about part-time trading” – Kris Longmore

Kris Longmore from RobotWealth joins us to discuss 4 key areas part-time traders need to take seriously to be successful, including: Why it’s important to understanding market participants and why they're trading, 3 common things traders do that almost guarantee they will blow up, Setting realistic expectations for retail traders, The "edge pyramid" and where retail traders should target, The “backtest cycle of doom”, why backtesting is not research, and a better approach to finding a trading edge, plus Risk premia harvesting, turn of the month edges, universe selection, VIX trading edges, FX seasonality, portfolio Zen, risk allocation, crypto trading, machine learning 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.

23 Sep 20211h 6min

200: “Using market noise to improve strategies” – Martyn Tinsley

200: “Using market noise to improve strategies” – Martyn Tinsley

Martyn Tinsley from TradeLikeAMachine joins us to discuss market noise, and how to leverage noise to improve trading strategies, including: Why it's important to understand market noise, The impact of market noise on trading strategies, Using noise to filter assets and timeframes, Example of impact of market noise on Mean Reversion strategies, The best strategies to trade in noisy markets, The difference between noise and volatility, Harmonic price patterns, instantaneous noise filtering, trading currency pairs, signal lag in noise indicators, repeatable patterns vs indicators 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.

15 Sep 20211h

199: “Trading statistical edges in crypto” – Brian Blandin

199: “Trading statistical edges in crypto” – Brian Blandin

Brian Blandin from Markets Science joins us to discuss how to find and trade statistical edges in the crypto markets, including: The things traders need to be aware of before trading crypto, Common factors and repeatable patterns that move the crypto markets, Software, programming language and exchange selection, How to screen cryptocurrencies to find those worth trading, Safety of funds at unregulated brokers, Crypto market correlation to stocks and index futures, Moving from discretionary to systematic crypto trading, volatility, slippage, liquidity 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 Sep 202159min

198: “3 ways to improve trading models” – Curtis White

198: “3 ways to improve trading models” – Curtis White

Curtis White from Beyond Backtesting joins us to discuss 3 ways traders can build better trading models, including: The problem with trading models and why traders struggle to incorporate predictive factors into models, What drives the markets and using market cognition for better trading ideas, Identifying and trading different markets and datasets, Using statistical creativity in the strategy validation process, Problems with Walk Forward Optimization and the 'proven winner' solution, Testing with different bar types, the negative impacts of being too risk averse, 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 Aug 202147min

197: “How to use volatility to outperform the market” – Kyle Schultz

197: “How to use volatility to outperform the market” – Kyle Schultz

Kyle Schultz from Algorithmic Futures joins us to discuss how to leverage volatility in your trading strategies to improve risk/reward and outperform the market, including: Why volatility is a key component in trading strategies, 3 main ways to apply volatility in trading strategies,\ Types of volatility filters and when to use them in the strategy development process, Using VIX term structure as a regime filter, Adapting strategies to different volatility regimes, Mean reversion vs momentum in different volatility regimes, 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.

10 Aug 202154min

196: “How to avoid curve fitting using independent testing” – Jeff Swanson

196: “How to avoid curve fitting using independent testing” – Jeff Swanson

Jeff Swanson from EasyLanguageMastery discusses how to avoid curve fitting your trading strategies using the "independent testing" technique, including: The things traders do that cause curvefitting, Is curvefitting a trading strategy really that bad? Independent testing and why you should use it when developing trading strategies, How to do independent testing of filters and using optimization to judge filter consistency, Testing combinations of filters and why you should look to remove Plus, types of filters to test, where to get trading ideas, how long to test a trading idea, when to switch strategies off, combining filters, tweaking a strategy 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.

3 Aug 202155min

195: “Low-effort Trading Strategies” – Cesar Alvarez

195: “Low-effort Trading Strategies” – Cesar Alvarez

Algorithmic trader Cesar Alvarez from Alvarez Quant Trading joins us to discuss low effort trading strategies, including: An explanation of rotational trading and the benefits/challenges of using rotational strategies, Why rotational trading is a fantastic way to diversify time (and also get to “trade lazy”), How often to rebalance and the impacts of the day you choose to rebalance, Ranking methods and some of the most effective ways to find the best candidates, How to reduce the churn in rotational trading with one small but powerful exit tweak, Plus, universe selection, risk management, rebalancing, short trades, mean reversion, stock splits, audience questions 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.

27 Juli 202154min

194: “How to improve trend following performance” – David Lundgren

194: “How to improve trend following performance” – David Lundgren

Trend following trader David Lundgren joins us to discuss how to improve trend following performance, including: The problem with momentum (and why momentum “doesn’t work”), Why momentum isn't working today, Mixing momentum with trend following for better performance, The 4 conditions that must happen for a trend to occur, Modeling regime drivers and digging deeper to understand true market health, What to do when trading strategies are struggling, 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.

20 Juli 20211h 5min

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