Better System Trader is the podcast and blog dedicated to systematic traders, providing practical tips from trading experts around the world.
Today I want to share with you one of my favourite Seinfeld episodes ever. It’s the episode where George Costanza realises that all of the decisions and actions he’s taken throughout his life have been the wrong ones. So he decides to do everything the opposite. He’s in the diner with Jerry and Elaine and…
The markets are in a constant state of adaptation. Conditions change. Strategies fall in and out of sync with the market, causing periods of good and poor performance. So what can we do to improve consistency by making our systems adapt better to changes in market conditions? Our guest for this episode, Brian Miller, is…
Over the last few months you may have noticed an increase in the number of articles being published on the internet using Market Breadth to predict which way the stock markets could go next. In fact, I saw one just recently that said the US stock market is set for a parabolic move. As systematic…
“I think most traders use canned indicators like a stochastic or RSI or MACD, with a fixed length without thinking much about them.” – John Ehlers They take the default length, or one that performed well in a backtest, or even one that has been recommended by someone else, and they start trading with it. They…
I have to admit… I’m a bit of a sceptic. However, I’ve had so many people recommend meditation to me in the past. Successful people. People I have a lot of respect for. In fact, some of the previous podcast guests, some big names, have shared with me how powerful meditation has been for them,…
Today I want to share an optimization insight from Perry Kaufman. I was reading an article on a trading website and the author was making some assumptions based on the optimization results which may not have been entirely accurate. I think alot of traders can get caught up making this same assumption… I know I…
A few years back I was on a holiday with friends at Hamilton Island in the Whitsundays. We were cruising around the island in a golf buggy when a friend suggests we go to the shooting range. I’d never even touched a gun before but while we were there I decided to shoot a .44…
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…
