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Better System Trader

219: 3 Biggest Lessons from Chart Trader to Algo Hedge Fund Manager

Jan 3, 2024
Breakout trading specialist and Hedge Fund manager Tomas Nesnidal shares his 3 biggest lessons from his start in discretionary chart trading up to breakout trading mastery. Topics include the transition from discretionary to algorithmic trading, the role of lifestyle in trading choices, exploring breakout trading strategies, incorporating robustness testing in trading, and the importance of exit strategies over entries.
54:22

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Transitioning from discretionary to algorithmic trading can free up time and provide a more efficient approach.
  • Focusing on exit strategies rather than just entries can lead to more effective trading strategies.

Deep dives

Moving from discretionary to algorithmic trading

The speaker shares how they transitioned from discretionary to algorithmic trading in order to free up their time. They mention the challenges they faced, such as the time-consuming nature of discretionary trading and the desire for a more efficient approach. They also discuss a defining moment that led them to realize the importance of algorithmic trading for their desired lifestyle.

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