091: Leveraging Exits with Laurent Bernut
Better System Trader30 Apr 2017

091: Leveraging Exits with Laurent Bernut

“ When you have a bad entry, you can always work your way around it, but when you have a bad exit, this is final… This is when the P&L gets printed.” – Laurent Bernut

Exits have such a dramatic impact on overall strategy performance, so having a full and proper understanding of the best way to leverage exits is absolutely essential.

In this episode, Laurent Bernut from Alpha Secure Capital combines his witty sense of humor with his knowledge of exits, to entertain and to also share:

  • How to classify exits and set them to achieve much clearer, neater, and better trading strategies,
  • A simple technique to determine if you’ve overstayed your welcome in a trade, stay too long and you could suffer!
  • How to use "the game of two-thirds" to determine the length of a time-exit,
  • Plus much more, including the correct way to think about stop-losses, how to deal with free-loaders in a portfolio and the ultimate entry technique to test you have a robust exit strategy.

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

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

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.

19 Apr 20151h 12min

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.

11 Apr 20155min