Better System Trader

053: Should system traders ever override their systems?


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The results of the Brexit decision took a lot of people by surprise and the markets reacted accordingly. What was interesting about this market event is that we all knew the date and time period when the Brexit votes would start rolling in, so we had a rough idea when we might see some type of market reaction, if the market reacted at all.

As systematic traders, what should we do in this type of situation:

  • Should we continue trading as usual, following our systems?
  • Should we override our systems to reduce exposure, or perhaps temporarily stop trading altogether?
  • Are there any other approaches that we should consider?
  • How do we go about deciding what to do?

In this episode we're asking 13 system traders and past guests of the podcast (actually it's 12 past guests and one future guest) about their approach to trading around the Brexit vote.

I'll be asking them what their trading plan was going into the Brexit decision and you might be surprised with some of their answers.

I'll also be asking them what factors they considered to reach that decision, whether they were happy with the approach after the event and any key learnings we can get out of this experience.

I personally found it really interesting to hear what they had to say so I'm sure you will too.

Topics discussed
  • How 13 pro system traders approached the Brexit decision - did they trade through it, reduce exposure, stop trading or something else? Their answers may surprise you!
  • The factors they considered when deciding on that approach
  • Lessons learned and insights from their results and the market reaction to the Brexit decision

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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Better System TraderBy Andrew Swanscott chats with professional traders Larry Williams, Ernest Cha

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