Breakout Trading Answered

Can you believe 2018 is gone, just like that?

Yep! And what a year it has been…

A lot was achieved, and a lot was learned.

Now, like for any other year, it's crucial to reflect on where you were the most and least successful in 2018.

It'll make your 2019 goals a lot more REALISTIC and allow you to really focus on what can be improved.

So, join us in this podcast while we go back in time through the year of 2018 and reveal what we learned, achieved and can improve upon, and what you need to know to be ready for 2019!

Here's what you'll discover:

• Tomas's and Andrew's biggest trading lessons of 2018, and how they're applying them to their new year's goals,

• What you need to know about the markets before embarking on your trading projects for 2019,

• How you can be better prepared for a future market crisis,

• What you can implement in your trading that could help you predict your moves and avoid nasty ones,

• And much more.

Do you have any trading questions you'd like answered? Submit them here, and we may cover them in a future episode!

Shiva is a guy like you.

He loves trading. He's success driven. He's smart. And he's very passionate about what he does.

And he has definitely been one of the most progressive students of the Breakout Strategies Masterclass.

He enrolled in the masterclass just 6 months ago, but since then he has already developed and started trading his first breakout portfolio LIVE.

Let me repeat that:

With the help of the Breakout Masterclass, he has launched his very first breakout portfolio in just 6 months.

Something, you can easily do in 2019 too.

Imagine how much further ahead you can be just 6 months from now. Trading your breakout portfolio live and enjoying what you really like doing. Like Shiva.

And to discover more about Shiva's story, we've recorded an amazing, highly inspiring podcast episode with him. In this episode, you'll discover:

• Why Shiva decided to become a trader and the intriguing reason why trading is to him a better profession than anything else,

• How Shiva extensively tested the Breakout Strategies Masterclass framework first - to know his money was well invested and that the framework actually works (and his conclusion from the testing),

• What were his next steps after gaining full confidence in the Breakout Strategies Masterclass and what markets, timeframes and personal nuances he decided to use to build his first portfolio,

• How many strategies he has built with the Masterclass so far and how many he launched his first portfolio with,

• His first results with live trading,

• And much more.

Do you have any trading questions you'd like answered? Submit them here, and we may cover them in a future episode!

Handling drawdowns and losing streaks is one of the biggest challenges traders face.

We say (or think) that we're ready for them, and that we know what our tolerance is and can handle them… but problems can arise quickly.

Traders often underestimate how long, painful and frustrating drawdowns can actually be.

They can leave us devastated for months…

Or even completely break us…

But believe it or not, drawdowns can actually be a good thing.

How?

In this podcast episode, we discuss drawdowns, how to prepare for them, how to manage them and how to become a better trader because of them. Here's what you'll discover:

• Why nobody is really ever ready for drawdowns even if they think they are,

• The number #1 exercise to get psychologically ready for drawdowns before they actually happen,

• Why very rational people, especially, should not ignore this key exercise,

• The hidden benefits of going through actual drawdowns and how they can make you a better trader,

• How your trading journey should be a constant self-optimization process,

• And more additional techniques to minimize and manage drawdowns.

Do you have any trading questions you'd like answered? Submit them here, and we may cover them in a future episode!

It's no secret that trading comes with its own challenges and obstacles.

But as for any other worthwhile endeavour, perseverance and persistence is often the key to success.

On today's podcast, we have Jim, a retired currency trader, who's a great example of this mantra.

Jim took an interest in automated trading as a way to solve a lot of the issues he had with discretionary trading.

He started developing automated strategies but was faced with the challenge of trying to build enough diversified systems in a reasonable amount of time.

And then one day he made a key discovery, and the rest is history...

He has now achieved a fully automated system of generating strategies, along with more than 70 robustness level 3 strategies, and is now building his first portfolio.

Stay tuned to listen to Jim's story and how his persistence paid off!

Here's what you'll discover:

• How Jim went from discretionary currency trader to automated algo trader in such a short amount of time,

• The key discovery that accelerated Jim's progress in the algorithmic trading world and how you can leverage it too,

• The importance of persistence in trading and how to achieve extraordinary results fast,

• Jim's advice for a successful trading journey,

• And much more.

Do you have any trading questions you'd like answered? Submit them here, and we may cover them in a future episode!

Most traders love "tinkering".

We're always looking for the next problem to fix, the next idea to try out, the next thing to learn and tweak.

In our trading journeys, we can become obsessed with understanding every single detail that a lot of the time has no relevance to our progress.

We can become so occupied with artificial problems that we're not making space for what truly matters… live trading!

It's great to be curious and keep wanting to learn, but when it starts delaying our progress it can become extremely DANGEROUS to our trading success.

In this podcast episode, here's what you'll discover:

• The #1 reason why traders can't relax and keep making mistakes prematurely,

• How not taking the time to take a step back and observe could damage your trading,

• How social conditioning is leading you to have the wrong trading mindset,

• How to find the balance between "doing" and "relaxing",

• And much more!

Do you have any trading questions you'd like answered? Submit them here, and we may cover them in a future episode!

Have you ever wondered why there are so many losing traders?

You can have all of the know-how, the best techniques, the best software…

… You can even be the smartest person on the planet.

But still not achieve the success you're looking for.

In today's podcast, we talk about what's holding traders back from achieving their full potential. Here's what you'll discover:

• The key reason why many traders can get stuck and stop moving forward,

• How the misalignment between your conscious desires and subconscious mind can postpone your trading success,

• Why 'feeling the fear' of live trading can be a good thing,

• How focussing on the wrong tasks can kill your trading,

• An extreme technique to become psychologically invincible,

• Why "feel the fear and do it anyway" should become your new mantra.

Do you have any trading questions you'd like answered? Submit them here, and we may cover them in a future episode!

A couple of weeks ago we shared a podcast about Dynamic Position Sizing (DPS).

After that episode, we received an interesting comment from BTA podcast listener Paul (thanks Paul!), which we believe could bring more clarity to other traders as well.

Paul is a trend follower who's been trading for about 2 years.

He's figured out that varying his position sizing can be a good way to improve his results.

So, he started applying position sizing to his trading, betting more on trades he thinks have a higher chance of being profitable.

Sounds good right?

Well… it depends...

Even though Paul seems to have found a way to improve his results using position sizing, he could potentially be applying a very dangerous concept that is far from DPS.

Something that can bring traders a lot of pain and frustration.

What is it?

In this podcast episode we discuss Paul's comments, plus a whole lot more, including:

• What is DPS and how to correctly use it in your trading to improve your profits,

• How this particular position sizing technique can ruin your capital very quickly,

• Why you shouldn't remove a lower probability trade from your trading system,

• The tool you should be using to predict your most realistic worst-case scenario,

• And much more!

Do you have any trading questions you'd like answered? Submit them here, and we may cover them in a future episode!

A lot of traders think of performance in terms of the dollars they've made or lost.

But knowing how to effectively measure trading strategies, portfolios and overall trading performance is key to long-term success.

The overwhelming number of statistics available in backtesting software these days is incredible, but…

Most of it doesn't actually matter.

So, how do you separate what's important from what's not?

In today's episode, we share the most important metrics we've used over the years to assess strategy and portfolio performance. Here's what you'll discover:

• The 2 main types of trading metrics you need to be aware of,

• Which trading metrics you should always keep in mind and which ones you can ignore,

• How to accurately measure strategy/portfolio performance,

• How SQN is often misunderstood by traders and how to apply it to strategies correctly,

• Why daily correlations can give inaccurate results and what to measure instead,

• How assessing system versus portfolio metrics requires two very different mindsets.

Do you have any trading questions you'd like answered? Submit them here, and we may cover them in a future episode!

Imagine starting your trading journey. You have a super positive mindset and you're excited to learn and succeed.

You keep learning and improving your craft, and you keep seeing positive results coming your way.

You have profits. You feel great!

You have a good number of robust strategies and your equity curve is looking smooth.

But all of a sudden… you feel like you've been hit by a hurricane.

Your trades start losing, and you feel devastated.

You've done everything according to trading "protocol", but you feel stuck and don't know what went wrong.

You lose hope and label yourself a "losing trader".

That's exactly what happened to Domenico - a very driven and hardworking trader that faced a couple of rough months.

The good news is… nothing is lost. This is completely normal.

So, how can Domenico or anyone else in this position move on from this unfortunate situation?

Here's what you'll discover in this episode:

• What to expect when going through a losing streak and how to deal with it long-term,

• What mistakes you could be making in your testing procedures that could influence your losing streak,

• How you can have a more realistic picture of how your trades will perform,

• Tomas's number one advice to help you get past the negative "losing streak" mindset and move forward,

• Plus, much more!

Do you have any trading questions you'd like answered? Submit them here, and we may cover them in a future episode!

Last week, we hosted a brilliant discussion with the orthopedic surgeon, Alan.

With his outstanding surgical focus and the Breakout Strategies Masterclass, he created more than 70 highly robust strategies in less than 2 months.

If you haven't listened to that podcast yet, make sure to check it out first as Alan shares all of the crucial lessons he's learned throughout his trading career.

But he's not done yet…

As he prepares to go live with his first portfolio, he's here today to give you the EXCLUSIVE behind-the-scenes of his portfolio construction.

Plus, you get to find out the juicy details of how he's planning to improve his 'robustness level 2' strategies even further, using techniques from the Smashing False Breakouts course.

So, here's what Al and Tomas will share with you in this sparkling, juicy, highly positive and inspiring episode:

• How Alan's creative thinking helped him leverage the concepts from the Smashing False Breakouts course to improve the robustness of his strategies,

• Alan's trial and error journey to finding the best methods to improve his strategies, and how you can start improving your strategies too!

• How to set up the "perfect" portfolio so you don't set yourself up for failure,

• The impact of dynamic position sizing on reducing drawdown,

• Plus, much more!

Do you have any trading questions you'd like answered? Submit them here, and we may cover them in a future episode!