053: Should system traders ever override their systems?
Better System Trader10 Juli 2016

053: Should system traders ever override their systems?

The results of the Brexit decision took a lot of people by surprise and the markets reacted accordingly. What was interesting about this market event is that we all knew the date and time period when the Brexit votes would start rolling in, so we had a rough idea when we might see some type of market reaction, if the market reacted at all.

As systematic traders, what should we do in this type of situation:

  • Should we continue trading as usual, following our systems?
  • Should we override our systems to reduce exposure, or perhaps temporarily stop trading altogether?
  • Are there any other approaches that we should consider?
  • How do we go about deciding what to do?

In this episode we’re asking 13 system traders and past guests of the podcast (actually it's 12 past guests and one future guest) about their approach to trading around the Brexit vote.

I’ll be asking them what their trading plan was going into the Brexit decision and you might be surprised with some of their answers.

I’ll also be asking them what factors they considered to reach that decision, whether they were happy with the approach after the event and any key learnings we can get out of this experience.

I personally found it really interesting to hear what they had to say so I’m sure you will too.

Topics discussed
  • How 13 pro system traders approached the Brexit decision - did they trade through it, reduce exposure, stop trading or something else? Their answers may surprise you!
  • The factors they considered when deciding on that approach
  • Lessons learned and insights from their results and the market reaction to the Brexit decision

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)

002: Brent Penfold discusses trading principles, money management, risk of ruin and how to overcome greed, hope and fear in trading

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In this episode with Brent Penfold we cover fundamental topics that impacts traders of all levels, from beginner to advanced. We talk about some of the psychological issues traders face, the principles all traders need to accept to be successful, that elusive Holy Grail of trading and an extremely important mathematical concept that can identify if you’re going to blow up your account, so don’t miss that. The guest also provides actionable tips and tricks to overcome these issues along with a simple method to determine if a strategy is broken, which could save you lots of money and stress. Topics discussed: How to trades 24 markets actively and be finished by 9:30am The simple reason why most traders fail The principles all traders need to accept to be successful The one mathematical measure that can tell if you'll blow up your account - don't miss this! The Holy Grail The most important aspect of trading How to remove hope from your trading How to combat greed The impact fear can have on your trading and a hot tip to overcome it A simple method to determine if your strategy is broken, this tip could save you loads of money!   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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000: Welcome to Better System Trader

000: Welcome to Better System Trader

Welcome to Better System Trader, the podcast where expert traders share tips, tricks and actionable insights to improve trading results. In this episode I introduce Better System Trader, what its all about, what to expect, and a little background on myself.   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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