147: Building trading strategies with confidence with Adrian Reid
Better System Trader12 Maj 2018

147: Building trading strategies with confidence with Adrian Reid

Confidence is a powerful thing – when people have it they can do some pretty amazing things, but on the opposite side, a lack of confidence can be debilitating too, and for traders it can have some similar effects, especially when the performance of a strategy starts to suffer and a trader has money on the line.

So, what can we do about this?

How can we have more confidence in the strategies that we build and trade? Confidence that we’ve built strategies that are robust. Confidence to continue trading strategies during the periods when strategy performance may be struggling.

Our special guest for this episode is Adrian Reid from Enlightened Stock Trading, and in our chat Adrian is going to enlighten us on building trading strategies that we can have confidence in.

We’re not just going to talk about trading psychology here, but Adrian will be sharing practical aspects of system design and validation, that can give us more confidence in the strategies that we create and trade live.

Some of the things you’ll discover in my chat with Adrian are:

  • The 5 key areas traders must address to build confidence in a trading system,
  • Significance testing - why it’s important to strip a strategy down to just the core components and how to determine which components are really driving performance,
  • Why the transition from backtesting a strategy to trading it live can be a difficult and uncertain one, and the preparation steps you need to take to make the transition smooth,
  • How a technique called ‘start-date stepping’ can provide valuable insights into how a strategy could really perform in live trading,
  • Plus, performance profiling across market conditions, sensitivity testing, why traders lose discipline, testing strategy rules in reverse, 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.

Avsnitt(242)

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

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