Winning is easy, losing is hard. In school and sports we are taught to be winners. In trading we need to learn to lose. Amateurs like to take quick profits cause it feels good, they hold on to losing positions cause having it on paper doesn’t feel as bad as actually taking it. Pros do […]
Better System Trader Podcast is founded by Andrew Swanscott, a systematic trader in Melbourne, Australia. He interviews traders from different backgrounds and approaches to markets. I have recently finished listening to all of the 164 episodes. In August last year, I started to notice my trading style had been evolving from discretionary into more systematic. Basically, […]
Amateurs are looking for the next winning trade, pros know that trading is a long-term process of cutting losers and adding to winners. Market behavior is too random to predict the outcome of your next trade. Therefore, focus on things you can control and that is process, not results. There are few simple stats I […]
Nick Radge is a trader from Australia with 35 years of experience. He’s been featured on many podcasts and I have studied his materials. Successful Stock Trading is an e-book published in 2012. Some of the things I have learned from Nick: Higher avg. win/loss ratio is more important than win rate. This can be […]
I must admit for the past few months I’ve been thinking about AI and automation in trading. I now have two years of experience in manually working with charts and actively trading it. Therefore, I have started to slowly generate ideas around quant trading and taken notes about it. There are own pitfalls to quant […]
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