5min chapter

Better System Trader cover image

188: “Why trading can be so challenging (and what to do about it)” – Adam Grimes

Better System Trader

CHAPTER

Discretionary Trader - How Do I Prove I Have an Edge?

Bob Greene: As a discretionary trader, there are so many pieces that play into your execution. He says the only way you have any expectation of having an enduring edge would be if you've done some kind of back test. But what I also will tell you is a discretionary trader has to adapt more naturally than a systematic trader who might need to go out of the norm and change his or her approach. Green: If anything ever happens to compromise you, divorce, real estate problems, lawsuit, those kinds of things that are like these, Bob, they don't have to be bad things. It'd be good things.

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