Better System Trader is the podcast and blog dedicated to systematic traders, providing practical tips from trading experts around the world.
Indicators often form a large part of trading systems, however there are a number of issues caused by indicators that can result in under-performing trading strategies, like: they’re reactive, instead of predictive, they have alot of lag, which means they’re slow to respond to the markets, and they can often give you a signal too…
I’m currently in Sydney for a week doing some work, and I’m staying in one of the hotels near circular quay, overlooking Sydney Harbour. I won’t share name of the hotel because it’s a well-known name, and it’s actually a really nice hotel… However I had an experience with them when I was checking in…
Most trading strategies are built to find repeatable patterns in the market and then attempt to exploit any future occurrences of the pattern to make a profit. There are lots of different ways to find patterns, and in this episode Brent Penfold talks to us about patterns in price action. Brent is a full time trader, author,…
There is no podcast episode today, just an announcement and a reminder. First, the announcement: The podcast episode for today will be released on the weekend instead, so we can also announce the lucky winner of the 100th episode giveaway which closes very soon! Plus we’ll have a special guest to talk about trading stuff…
Jack Schwager returns to answer all your trading questions. Jack is a well known expert in the industry, working for some of wall streets leading firms and is also one of the founders of FundSeeder. Plus, he’s the author of the best-selling series of ‘Market Wizards’ books, which I’m sure most traders on this earth…
When I was learning to snowboard, I still remember the first time I got off the lift chair, strapped myself in the board and looked down the mountain. It was really overwhelming and I wondered how I was actually going to get down there without any injuries! My instructor was very comforting telling us ‘Not…
It can be really interesting and exciting to research the markets and test different ideas but at some stage we need to decide if the strategy is ready for live trading. Some traders can get stuck endlessly researching… Trying to find that perfect system… Which comes at a cost. How do we avoid getting bogged…
Jack Schwager needs no introduction. He’s a well known expert in the industry, working for some of wall streets leading firms and is also one of the founders of FundSeeder. Plus, he’s the author of the best-selling series of ‘Market Wizards’ books, which I’m sure most traders on this earth have read! In this chat…
Did you know there are some situations that can cause traders to throw away perfectly viable trading strategies, without even realizing it? Imagine that! Putting all that hard work and effort into building a trading strategy but due to some arbitrary decision we’re making during the strategy creation process, we throw the strategy away… When…
Have you ever wondered what exactly is it that makes a trader successful? Is it based on personality? A specific approach to the markets? Pure luck? Dr Brett Steenbarger is a trader and performance coach, and gets heavily involved in the recruitment process for trading firms. He gets to interview traders, see how they work and…
How many traders do you know that have successfully cornered a market? If you’re not familiar with the term ‘corner the market’, it means to get enough control of a commodity, stock or other asset so that you can manipulate the price. There are a number of documented cases in history where people have tried……
Last week I had to make an emergency trip to the hospital. It highlighted a gap in my trading ‘operation’ (pardon the pun) so I wanted to share that with you so that you can learn from my mistakes. How will your trading handle an emergency? Got A Question, Topic or Guest you want…
Have you ever dreamed of leaving your day job to trade for a living? Or living a life of freedom – travelling the world or hanging around at home, doing whatever you like during the day while you live off your trading profits? When I first started getting into trading I had this grand vision…
“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…
