
The AlphaMind Podcast #115 Robert Van Eyden: Badass Trader - How to Trade Your Way To Riches
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Aug 23, 2023 This week we talk with Robert Van Eyden, author of Badass Trader. Robert discusses the challenges and mindsets of traders in the market, the evolution of technical analysis, the importance of risk management and adaptability, the significance of trading approach and mindset, the danger of information overload, the impact of a terrible trade, and the importance of keeping trading simple.
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Early Trading Journey Disappointments
- Robert Van Eyden began trading young and was disappointed by early technical analysis books because they lacked secret formulas.
- His early journey included exploring neural networks, which failed post-2008 due to markets being open and random systems.
Beware Trading Course Pitfalls
- Avoid costly trading courses and signal generators that ignore personality and risk preferences.
- Focus on managing the mind and risk as these are the hard but essential parts of trading success.
Markets Are Open Systems
- Markets are open, random systems without fixed codes or formulas to crack.
- Traders must evolve systems continuously since no system works permanently due to systemic openness and unpredictability.
