If you’re looking for inspiration, motivation and practical advice on improving your trading results, Better System Trader delivers every fortnight. Each episode brings you an expert trader who shares their own story, along with the steps, both good and bad, that they've taken on their path to success. With a focus on actionable insights, the tips and tricks used by the experts contain loads of value, providing you with insanely practical tips and tools you can start using TODAY. Improve your trading with Better System Trader.
169 – Will AI replace the human trader – Bob Pardo
Are our roles as traders coming to an end soon?
Is AI and ML (that’s Machine Learning, not Money Laundering or Meat Loaf…) going to take over the trading world?
Trading veteran Bob Pardo from Pardo Capital joins us to discuss these topics plus much more, including:
How AI is missing common inputs used by human traders, Modeling the expertise of human traders using Expert Systems, The dangers of using computers to blindly create strategies, Retail edges vs Institutional edges and how private traders can compete, The lifespans of edges (are they getting shorter?), The Dynamic Statistical Profile of strategies and taking strategies offline, Correlations (and how correlation can be a 2-edge sword), Objective functions and when it doesn't matter which one you choose, Using performance feedback and indicators on equity curves, Adaptive trading systems, fitting your process to your objective and much more!
168 - How to optimize strategies for robustness (properly) – John Ehlers
DSP and Cycles expert John Ehlers, joins us to discuss all things optimization, including:
Why optimization is a statistical process and how to assess the results properly (including what to look for at “the 50% line”), How much data you should REALLY use for reoptimization and why many traders use way too much data (and the impact it has on trading strategies), The 3 best fitness functions to use in reoptimization and the dangers of a popular metric that can lead to over trading, What the speed of optimization results can potentially tell you about strategy robustness, The only 2 things that count when assessing a strategy (yup, just 2!), Plus, much more. Also, if you want to discover more of John’s Cycles and DSP techniques, John is running his annual workshop for the very last time this year (he’s retiring to go fishing and build model aeroplanes). The workshop is run over 4 evenings (US time – Oct 19-23) and it’s 100% online so no travel or quarantine required. For more info, visit: http://bettersystemtrader.com/jeworkshop2020
167: Improve trading performance by being a flexible trader – Steve Ward
High-performance trading coach Steve Ward from TradeAtYourBest.com discusses:
How to find the best opportunities during challenging times, Why shifting perspective is such a critical skill for high-performance, How to overcome internal resistance to become more adaptable, “Learning vs Earning” and how to improve your chances of longevity in trading, How to integrate being flexible with the “follow the system” approach of algo/systematic trading to be better prepared for whatever the market may hold, Key actions traders should be doing right now to prepare for an unknown future in the markets, Plus, many more practical tips to improve trading performance. And if you want even more practical tips on high-performance trading, you should check this one out:
For the first time ever, Steve is running the 6-week "Trade At Your Best Trading Psychology Course" to teach private traders (he usually only works with institutional clients) the mindset and mental skills required to succeed in the markets, and close the gap between potential and actual returns.
So, if you want to see what knowledge, insights, and techniques Steve reveals to his Insto clients behind closed doors, this could be your only chance. (Have to admit I’m intrigued too…)
The program starts next week, you can find more details about the program at http://bettersystemtrader.com/taybcourse
166: Consistent Equity Growth using Diversification – Nick Radge
Nick Radge from TheChartist.com.au discusses how to achieve consistent equity growth using multiple layers of diversification.
For more details about The Empowered Trader monthly newsletter, visit http://theempoweredtrader.com
165: Effective Market Regime Techniques - Cesar Alvarez
Cesar Alvarez from AlvarezQuantTrading.com discusses effective Market Regime techniques to improve strategy performance and reduce risk by only trading in the best market conditions.
What's next for BST?
Details about what's next for BST and the special event being hosted this weekend.
Customer ReviewsSee All
Andrew, host of the Better System Trader podcast, highlights all aspects of business, investing and more in this can’t miss podcast! The host and expert guests offer insightful advice and information that is helpful to anyone that listens!
Andrew, host of the Better System Trader podcast, highlights all aspects of investing, trading and more in this can’t miss podcast! The host and expert guests offer insightful advice and information that is helpful to anyone that listens!
Best trading podcast ever
I truly loved this podcast. Please keep this coming forever! So beneficial to new traders