Better System Trader

021: Tim Rea discusses aspects of trading multiple strategies, including monitoring performance, money management, correlation, technology and trading in markets not in your timezone. We also discuss

Listen Later
Tim Rea is a proprietary trader, trading his own money with well over 100 automated systems across 25 different Futures contracts.
He is a past winner of the World Cup trading championship, along with being a CTA and broker but gave that away to focus on trading his own money.

In this weeks episode we discuss various aspects of trading multiple strategies, including monitoring performance, money management, correlation, technology and trading in markets not in your timezone. We also discuss the impacts of the MFGlobal and PFG collapses and how Tim overcame the heavy losses to continue trading.

Topics discussed
  • How poor experiences investing with others drove Tim to figure it out for himself
  • Becoming a systems vendor, CTA and broker and why he then left it all behind to just trade his own money
  • How shorter term trading can increase confidence in a system
  • How many strategies he’s currently trading (hint: its more than 100!)
  • Keeping track of the performance of multiple strategies
  • Why you shouldn't just stop trading a system when the drawdown is larger than it has been historically
  • Why you should try to understand the underlying reasons for strategy drawdown
  • Considerations when adding more strategies to a portfolio
  • Managing correlations with multiple strategies
  • Position sizing when trading multiple systems
  • The benefits of trading a portfolio vs trading an individual method
  • How to manage trading in markets not in your timezone
  • The impact of the PFG collapse and how Tim overcame the heavy losses
  • Lessons learnt from dealing with MFGlobal and PFG collapses
  • How to manage your trading account to minimise risk of loss in another collapse
  • The benefits of trading Forex
  • How Tim won the World Cup Trading championship trading just the EURUSD
  • The importance of vision in your trading business
    • ...more
    View all episodesView all episodes
    Download on the App Store
    Better System TraderBy Andrew Swanscott chats with professional traders Larry Williams, Ernest Cha
    • 4.8
    • 4.8
    • 4.8
    • 4.8
    • 4.8

    4.8

    260 ratings

    More shows like Better System Trader

    View all
    Michael Covel's Trend Following by Michael Covel

    Michael Covel's Trend Following

    670 Listeners

    Freakonomics Radio by Freakonomics Radio + Stitcher

    Freakonomics Radio

    32,291 Listeners

    Masters in Business by Bloomberg

    Masters in Business

    2,174 Listeners

    Talking Trading - Expert trading tactics so you can excel in the markets. by Created by best-selling authors and traders - Louise Bedford and Chris Tate.

    Talking Trading - Expert trading tactics so you can excel in the markets.

    18 Listeners

    Top Traders Unplugged by Niels Kaastrup-Larsen

    Top Traders Unplugged

    582 Listeners

    We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

    We Study Billionaires - The Investor’s Podcast Network

    3,369 Listeners

    Chat With Traders by Ian Cox and Tessa Dao

    Chat With Traders

    1,987 Listeners

    Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders by Etienne Crete

    Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders

    105 Listeners

    Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

    Invest Like the Best with Patrick O'Shaughnessy

    2,317 Listeners

    The Jordan B. Peterson Podcast by Dr. Jordan B. Peterson

    The Jordan B. Peterson Podcast

    34,127 Listeners

    ChooseFI by ChooseFI

    ChooseFI

    5,088 Listeners

    Flirting with Models by Corey Hoffstein

    Flirting with Models

    225 Listeners

    Risk of Ruin by Half Kelly Media

    Risk of Ruin

    231 Listeners

    The Algorithmic Advantage by The Algorithmic Advantage

    The Algorithmic Advantage

    11 Listeners

    Words of Rizdom by Riz Iqbal

    Words of Rizdom

    16 Listeners