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Better System Trader

Latest episodes

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Nov 17, 2023 • 1h 18min

211: Trading Triumphs: The Journey to Success with Adrian Reid

Buckle up because we've got a special treat for your trading journey! Adrian Reid, a seasoned trader with a wealth of experience, joins us on Better System Trader, in this special "Trading Triumphs: The Journey to Success" series, to get real about what it truly takes to succeed in the market.  In this discussion, we dig deep into 3 defining moments of Adrian's trading journey, to uncover what really helped him achieve success. We're unpacking the trials, triumphs, and timeless wisdom of trading. This isn't just an episode; it's a masterclass in perseverance and profit. Here are 5 keys you'll unlock in this episode (plus many more!):  The Marathon Mindset: Learn why trading is a long-haul game and how keeping a level head through the wins can define your success. Diversification is Your Safety Net: Discover Adrian's strategy for using gains to spread your risk and open new doors in the trading world.  The Power of Patience: Adrian spills the beans on how waiting out a staggering 27 losing trades in a row taught him the patience of a saint—and the payoff was heavenly!  Emotional Equilibrium: Get the inside scoop on handling the mental game of uncomfortable drawdowns without losing your cool (or your shirt).  System Adoration: Why falling in love with the process, the rules, and the rigorous testing of your trading system can be the most rewarding relationship you'll ever have.  📢 **MORE INFO** Get more details about this episode, including exclusive show notes, summary points and the transcript, at https://bettersystemtrader.com/211 Ready to accelerate your learning curve? Jump into Trader Acceleration Week with Adrian, it's free. Register now at: https://go-bst.com/taw   Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.
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13 snips
Dec 9, 2022 • 1h 7min

How do successful traders make better decisions?

How can traders make better decisions to improve their trading results?   In this episode, Matt Zimberg from Optimus Futures joins me to discuss decision making, what traders do wrong and how to be a more successful trader (and person) by making better trading decisions.   Here are some of the topics we discuss: The importance of decision-making in trading, Common mistakes traders make, How traders underestimate “the game of trading”, Filtering out bad trading information and training your brain to make good decisions, The importance of learning about things outside the market, The 3 main goals of successful traders, Fear and euphoria, Contrarian trading, people who shouldn’t trade, and much more.   Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.
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6 snips
Nov 26, 2022 • 1h 7min

Using "Big Picture" Analysis to Guide Trading Decisions - Brent Penfold

Are you looking for unique ways to use “Big Picture” analysis to guide your trading decisions? In this episode, Brent Penfold from indextrader.com.au joins me to share some interesting (and effective) techniques he uses to determine the big picture to guide trading and investing decisions, including:   Why the big picture is so important in trading, How technical analysis can fool traders, What are fractals and why they matter, Validating market reactions to specific levels, The Market Ladder that projects support and resistance levels, Using fractals to see the big picture and the simplest fractal pattern there is, Pivot points over multiple timeframes and market expectations around pivots, Examples of market reactions to pivot points, Is it safe to get back into the market? Fractals and pivot points on non-index markets, Dynamic pivot points vs static pivot points, Robustness in old trading ideas, And much more!   Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.
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35 snips
Nov 14, 2022 • 56min

Indicators vs Price Action - Which is King?

Which is better for trading strategies - Indicators or Price Action? In this episode, Scott Welsh from scottwelshstrategies.com joins me to answer this eternal question. Here are some of the topics we discuss: Strange things that have impacted the markets this year, The value of reviewing simple strategies, Expectations traders have of trading strategies, Choosing the right trading style for a market, How to determine which markets trend the most, Old trading strategies that continue to do very well, How to manufacture “lucky” trading, Tracking dozens of old strategies, Identify strategy failure, The recent performance simple trading strategies, Plus much more! Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.    
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Dec 24, 2021 • 1h 34min

207: Preparing for a new trading year

3 amazing guests join us to discuss trading insights of the past year and how to prepare for a HUGE trading year ahead, including: Getting better as a strategy builder, Challenges building short index strategies, Switching between old and new strategies, Timeframes for short-term trading strategies, Scaling out in volatile sideways markets, When the next bear market will begin and the transition from Bull to Bear, Trend following over the last few months, "V" price movements in the markets, Stop & Reverse and small stops in crazy markets, Plus doing more of what works, old strategies that do well, algorithmic short selling and much more.   Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.
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5 snips
Nov 25, 2021 • 59min

206: “Systematic Crypto” – Adrian Reid

Adrian Reid from Enlightened Stock Trading joins us to discuss systematic crypto trading, including: Why traders should consider the crypto markets right now, The mistakes most traders make with crypto, Choosing the best exchanges, data and software for crypto trading, Why buy and old is a bad approach to crypto and what you should do instead, The types of strategies that work in the crypto markets right now, The 3 types of risk in the crypto space (and how to reduce them), How to overcome limitations in crypto data, plus Regime filters, optimization, stop losses, backtesting, robustness, auto trading, price behaviour and much more.   Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.
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21 snips
Nov 11, 2021 • 1h 1min

205: “Simple strategies, stable results.” – David Stendahl

David Stendahl from SignalTradingGroup joins us to discuss techniques traders can use to achieve more stable results, including: Why it's good to understand a systems logic and will simple systems continue to work, How to apply adaptive logic to simple systems, Mistakes traders make using seasonals, How "seasonal depth" can identify when a market is likely to make a big move, Using environmental overlays to adjust position sizing, Using VIX to switch strategies on/off, Plus, we discuss which is better: diversification of systems or markets?   Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.
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11 snips
Oct 28, 2021 • 56min

204: “How to leverage market biases to improve strategy performance” – Lawrence Chan

Lawrence Chan from DayTradingBias joins us to discuss market bias and how to leverage structural bias to increase strategy performance, including: "Atomic strategies" and knowing when to NOT trade, The most toxic period to backtest a strategy, Why market behaviours are becoming so predictable, How some trading platforms are taking traders down the wrong path, Exploring biases caused by recurring events, Why traders should think in concepts first, Plus, leverage and volatility breakouts, chart patterns, simple tools, knowing the behaviours of market participants, human psyche, market internals and much more.   Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.
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41 snips
Oct 21, 2021 • 51min

203: “Going against the crowd - a contrarian approach to trading profits.” – Jason Shapiro

Jason Shapiro from Crowded Market Report discusses a contrarian approach to trading profits, including: Why contrarian trading makes sense, How to identify crowded trades and why price is not a good contrarian signal, What the markets really are and why traders don’t understand it, Risk management for contrarian trades, Why traders shouldn't care about being right or wrong, Plus, COT report, hedgers and speculators, fading the “experts”, trading through news events and much more.   Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.
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10 snips
Oct 7, 2021 • 51min

202: “Buying pullbacks, avoiding bear markets” – Larry Tentarelli

Larry Tentarelli from Blue Chip Daily joins us to discuss techniques to buying pullbacks and avoiding bear markets, including: Determining the trend with price action and why price action is better than indicators, Using volatility and range expansion as warning signs, Impact of the index on individual stocks, Managing trades when markets are breaking down, Reliability of moving average crosses, Clues that indicate a pullback may be turning into a bear market, Using market internals to identify potential turning points, Plus, systematic rules vs discretionary trading, trading in a bear market, controlling the urge to overtrade, scaling-out of positions, sector rotation and selection, what to watch for in the markets right now, and much more.   Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.  

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