Traders are always looking for an edge and today’s guest shares a simple approach he calls an ‘unfair trading advantage’, that can have a dramatic impact on trading strategy performance.
The guest on this episode has been on the show before, to discuss breakout trading strategies back in Episode 43. In that episde we discussed the steps to building breakout strategies and we even released a breakout strategy toolkit, included an ebook, cheatsheet and EasyLanguage code for 2 breakout trading strategies.
In this episode, our guest Tomas Nesnidal will be sharing a different trading approach, and it’s something he likes to call ‘an unfair trading advantage’.
He’s going to explain to us what it is and why he calls it an ‘unfair advantage.’ It’s something that a lot of traders have probably heard about but perhaps are not aware of how to use it properly or even the positive impact it can have on trading results.
Tomas will explain it in this chat so take a listen!
Topics discussed
- An ‘unfair trading advantage’ all traders should consider for their own trading strategies
- The technique that most traders have probably heard about but don’t know how to use properly
- The incredible impacts this technique can have on trading performance
Resources mentioned in this episode
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Transcript
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Episode Released:
26 June 2016
124 – Managing Trades with Linda Raschke
155 – Stories from the trading floor – Damon Pavlatos
126 – Protection in a market downturn
How Christopher slashed drawdowns by 59%
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goldtrader
June 28, 2016 at 4:44 amWell how much credit can have a “trader” that is buying twitter and likedin contacts in for his hard selling “blog” so he can claim he as over 15000 connections etc? Well, buyers of his “unfair trading advantage” be aware and do your research…
Andrew Swanscott
June 28, 2016 at 10:55 amHey goldtrader, I can’t really comment on other peoples social media strategies but happy to talk trading strategies – I’ve done the research and am using market internals in my own trading and I know of others that are too.
Not sure it would work on gold though, perhaps there is some intermarket relationship there, you would have to do the research.
Cheers,
Andrew.
John
June 28, 2016 at 7:41 amI’m generally a big fan of this podcast but this one felt like little more than a commercial for some guy’s holy grail trading system – and I assume eventually fee-based service. It seemed that every answer to any question was “unfair advantage” and “it’s really powerful”. Had about as much depth of exploration as a banner ad.
Sorry to be negative because I do like this show, but feel like this episode was a big departure from the usual content
Andrew Swanscott
June 28, 2016 at 8:32 amHey John, thanks for listening to the show and for the feedback.
We have a blog post coming out in a few days which will have more detail, including a simple strategy to compare the impact of market internals on a trading system.
We’ll provide the strategy rules and the Tradestation code so that may provide a bit more depth to the topic but I get your point and thanks for the feedback!
Cheers,
Andrew.