Better System Trader is the podcast and blog dedicated to systematic traders, providing practical tips from trading experts around the world.
I remember the first time I visited Ho Chi Minh City in Vietnam, I was absolutely astonished at the amount of traffic. Thousands of scooters whizzing past at a crazy speed made it seem almost impossible to walk across the road without being hit. On some streets, you can’t really wait for the … [Read more...]
I think it’s pretty safe to say we’ve had some interesting times in the markets so far this year. There has been an increase in uncertainty, higher volatility and even outside of the markets there have been a number of events that seem to be impacting the markets. Some traders may be seeing … [Read more...]
I saw an interesting article on CNBC last week suggesting the current market volatility is reminiscent of the 1987 crash. "It's a good deal more volatile than almost anything else you've seen" veteran trader Art Cashin says. I haven't studied the crash of 1987 and I definitely wasn't trading … [Read more...]
Last week I received an email that made me both extremely jealous and very proud. The email was from 'build emini breakout strategies fast' student Henrik, who was emailing me while on holiday to the Canary Islands. I've never been to the Canary Islands, however I have travelled around Spain … [Read more...]
Apple is now one of the most valuable companies in the world, but back in 1997 it was a very different story. The company was in extremely poor condition, losing tens of millions of dollars every quarter, trying to sustain a huge amount of products, and with no clear strategy. Then Steve Jobs … [Read more...]
When traders set in-sample and out-of-sample periods for their backtests, it's common just to pick some dates that split the data into a pre-defined percentage or range. The trouble with this approach is that it often doesn't take into account the type of market environments that exist in those … [Read more...]
One of the biggest issues we have as systematic and algorithmic traders is that the markets are dynamic and constantly changing, however its quite common to build trading strategies that are static and are designed to take advantage of an optimal set of conditions which don’t actually last very … [Read more...]
Last week I shared a recommendation for a book that has alot of applications for traders, even though it's not a "trading book." I also asked for recommendations of other 'undiscovered gems', either trading books that are forgotten or not well known, or books that aren't really about trading at … [Read more...]
A few weeks ago I shared the results of a Crude Oil trading strategy with the Breakout Strategy Masterclass. Here's a chart of the yearly out of sample results we discussed in the coaching call: What I found interesting about this strategy is the years 2009 and 2013 showed very low … [Read more...]
Last week I received an email from podcast listener 'HB': "I follow your podcasts regularly and love them. I just finished listening to your latest piece with Bruce. It was incredible! I have worked with Artificial Intelligence (AI) for quite sometime in the field of water sciences, more … [Read more...]
One of the things I really love about Melbourne is the 'hidden gems' (restaurants/bars) tucked away in the backstreets. You could be walking down a laneway that looks empty, devoid of all life, and then suddenly discover an amazing bar, cafe or restaurant hidden away behind the alley … [Read more...]
A few weeks ago I shared an article about the under-appreciated and often misunderstood role of luck in our lives, and Bob Pardo responded with a great book recommendation: "How to get lucky - 13 techniques for discovering and taking advantage of life's good breaks" by Max Gunther. I haven't … [Read more...]
The discovery of DNA as well as the understanding of its function and structure may be one of the most important discoveries of the last century. As researchers continue to unlock its secrets, the applications to the scientific, medical, agricultural and forensics fields has been … [Read more...]
It was a pretty warm weekend here in Melbourne, and on hot days I bring out the inflatable pool for the kids to paddle around in. But I have a rule… It only comes out on really hot days because it takes me AGES to setup… It can literally take me an hour of strenuous work in the heat to get … [Read more...]
Happy Monday! Actually, I used to think that statement was an oxymoron before I quit my corporate life. And in fact, my hatred of Mondays used to spill over into my Sunday evening too, once I realised the weekend was over and I had to go back to corporate slavery the next day, but life is good … [Read more...]
It's an absolutely beautiful day here in Melbourne, sunny, blue skies, 31 degrees celcius (or 88 fahrenheit for those stuck on the old system). You can't get much better than that - it's days like this when you can't help but smile! Something else that makes me smile is when I receive emails … [Read more...]
What does it take to succeed? What are the secrets of the most successful people? I just read an interesting article on Scientific American (shared by Adam Grimes of adamhgrimes.com- thanks Adam!) called 'The Role of Luck in Life Success Is Far Greater Than We Realized'. The article … [Read more...]
The idea for this podcast episode has its roots in a trip I made to the States last year. I was at a conference and one of the speakers was 1993 Karate World Champion Ricardo Teixeira. Ricardo was explaining how he came about becoming World Karate Champion and he shared his #1 secret to … [Read more...]
Yesterday I received an "interesting" (abusive) email from someone we'll call "Mr Angry”, in response to my previous blog post with a case study of how Market Internals student Christopher reduced drawdowns by 59%. The email from Angry is ridiculous, so I won't publish it here, but in his … [Read more...]
Market Internals student Christopher sent us an update on his progress applying the exclusive Market Internals Smart Code to one of his strategies: "Well, I finally got to applying it to my ES strategy, and the results are awesome. Just take a look for yourself. Every single metric has improved, … [Read more...]
