August 23, 2015

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 the impacts of the MFGlobal and PFG collapses a

53 minutes

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

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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August 23, 2015

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 the impacts of the MFGlobal and PFG collapses a

53 minutes

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