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Better System Trader

Better System Trader

Better System Trader is the podcast and blog dedicated to systematic traders, providing practical tips from trading experts around the world.

Too much of a good thing?

Is it really possible to have too much of a good thing?

In some cases, it definitely is, and I experienced a case of this recently.

Yesterday it was 35 degrees Celsius (95 Fahrenheit) here in Melbourne, it was a beautiful day. It was still quite warm in the evening though, so after dinner I decided I would help myself to some delicious Salted Caramel and Macadamia ice cream – it’s so good!

I served myself a generous portion and sat down to watch an episode of Narcos on Netflix.

Within a few minutes the ice cream was gone and I wanted more, so I came up with all types of reasons to justify a 2nd bowl and got busy slamming down a 2nd serve, but…

10 minutes later I started regretting it.

In my ice-cream induced euphoria I’d overdone it, and was starting to pay the price for over-indulging.

Sometimes we can fall into the same trap in trading too – especially with optimization.

While a small serve of optimization can feel good, overdo it and you could pay the price for ‘over-indulging’ when you try trading a strategy with real money.

Luckily, there are some simple but powerful steps we can take to reduce the chance of over-optimisation.

In the podcast episode with Bob Pardo from Pardo Capital, Bob shared a number of tips he’s used from almost 40 years in the industry, so we’ve created a handy checklist we imaginatively called ‘Robert Pardo’s optimization checklist‘.

The checklist contains 12 practical tips on creating robust trading strategies – tips that can help you identify if a strategy is robust or you’ve potentially ‘over-indulged’ in the optimization process.

Avoid the pains and download a free copy here.

Andrew.

Released:

12 January 2018

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And the winner is...
A trading lesson from the 'slow ...

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How do you REALLY know your strategies aren't just over-optimized rubbish?

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What pro traders are saying about BST

"If I had to listen to one trading podcast only, it would be Better System Trader. I am always learning new things and getting research ideas from Andrew’s guests."

Cesar Alvarez alvarezquanttrading.com

"Andrew seems to have a knack for getting the world's most famous traders to share valuable insights about how they trade for the benefit of the trading community."

Andrew Gibbs halifaxonline.co.nz

"Andrew loves traders and draws the most informative and engaging responses out of them."

Art Collins artcollinstrading.com

"The key to better system trading is information.  As a system trader himself, Andrew has unique capability of asking insightful questions that extract the skills of each guest."

John Ehlers www.mesasoftware.com

"If you have been looking for that little extra nugget to transform your trading, you will find it at Better System Trader."

Laurent Bernut alphasecurecapital.com

"I really enjoy listening to the Better System Trader podcasts. Even though I am in the industry for over 15 years, there is always something new to learn from these. Thank you!"

Martin Lembak striker.com

"The Better System Trader podcasts have become an invaluable resource... There's no other podcast around that covers the subject in so much breadth and depth."

Alan Clement helixtrader.com

"Being a trader himself, Andrew drives insightful conversations that uncover gems of practical knowledge that can improve your trading today"

Kris Longmore robotwealth.net

"I really enjoy the wide variety of topics and perspectives shared in the podcasts and with the interviews done by someone with real life trading experience"

Tim Rea thetradingmasterclass.com

"Listening to BST is a requirement for everyone on our team."

Bert Mouler profluentcapital.com

"What really makes the BST podcast stand out is that Andrew is also an experienced trader and can therefore provide incomparable quality and depth in any interview. Thank you for endless inspiration."

Tomas Nesnidal systemsontheroad.com

"Andrew has interviewed some great people and I have picked up some useful new insights. His integrity, trading knowledge, light-hearted attitude, curiosity and enthusiasm shine through and enhance each of his podcasts. Given the quality of the information and the price (free!) any serious trader would have to be a fool to not take advantage. Keep it up my friend."

Bob Pardo pardocapital.com

"Knowledgeable and credible guests talk about useful topics in an interesting and engaging discussion. What's not to like?"

Robert Carver systematicmoney.org

"The right questions to the right people at the right time."

Nick Radge thechartist.com.au

"Professional, to the point and relevant content. Better System Trader should be followed by anyone with an interest in our field."

Andreas Clenow followingthetrend.com

"BetterSystemTrader is an amazing resource of valuable information, Andrew is always able to ask the right question at the right time to deliver the best content possible, a must listen for anybody interested in trading!"

Andrea Unger skilledacademy.com

"I get some of my best ideas from listening to other market participants and Better System Trader is a great resource of conversations with trading professionals."

Michael Cook thetradingmasterclass.com

Trading stocks, options, futures and forex involves significant risk of loss and is not suitable for everyone. Past performance is not necessarily indicative of future results.

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