Breakout Trading Answered

Breakout Trading Answered

By Andrew Swanscott and Tomas NesnidalBusinessInvesting
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Breakout Trading Answered episodes

  • Episode 018: Success story #3 (PART 1) - How orthopedic surgeon Alan created more than 70 robust strategies in under 2 months

    Alan, an electric engineer tuned orthopedic surgeon, went into trading with a positive and enthusiastic attitude.

    And as most traders do, he learned the hard way…

    He learned that the beautiful backtesting curves being sold online bring you nothing but pain and frustration.

    And you can probably guess that Alan lost a big chunk of his account very quickly…

    Actually, he lost 50% of his account in ONE single day. Ouch!

    He suffered BIG time.

    But nevertheless, Alan stood his ground. He was determined to make this work and find out what went wrong in his trading.

    After investing in the Breakout Strategies Masterclass, Alan has now created more than 70 robust strategies, across 7 different markets… and in less than 2 months!

    So, here's what you'll discover in today's episode:

    • Why Alan decided to build his portfolio with the Breakout Masterclass process after numerous failures with other trading courses,
    • How Alan successfully changed his trading results by never settling for what he thought was logical,
    • How Alan's impressive "surgical focus" helped him to develop 70 robust breakout trading strategies across 7 different markets FAST, and how you can do it too!
    • Plus, so much more!

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

    31 min
  • Episode 017: How DPS can increase your probability of success

    Trading is a probability game.

    But the probability of the success of each trade changes every single time.

    While the market conditions of today may reduce the probability of a trade by 50%, tomorrow the conditions may increase the probabilities.

    So, it doesn't matter what trading system or strategy we trade… we cannot treat all trades equally.

    If a trader has a proper understanding of this, it can be leveraged to improve performance, sometimes radically.

    How, you may ask?

    Dynamic position sizing (DPS).

    It's an idea that goes far beyond the conservative way of thinking in trading.

    It's a simple but out of the box idea that can make a huge impact in your trading… if it's applied correctly.

    So, here's what you'll discover in today's podcast:

    • What is DPS and how you can apply this cutting-edge technique to improve your drawdown and overall profit,
    • The DOs and DON'Ts of applying DPS to avoid lowering your overall trading performance,
    • What you need to do to avoid overfitting your strategies when applying this technique,
    • 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!

    26 min
  • Episode 016: The 'traditional trading' trap

    Let's face it… most traders will NEVER make money in their trading career.

    Yup, you read that right… in their ENTIRE trading career.

    And why is that, you may ask?

    Well, we could call it a tradition!

    Tradition is that one way everyone does something the same. That one path that everyone follows.

    For example, you see many generations of traders using the same risk management approach. Understandably, you go in the same direction because that's how it's been for a while.

    But if the majority of traders don't succeed, wouldn't it make more sense to be different from the crowd?

    Wouldn't it make sense to stop following the same old ways, to be original and push the trading boundaries?

    If you study a lot of successful traders, you'll find that being innovative and unique is a big part of their success. Going against the crowd. Being creative. Adding their own twist.

    In this episode, we explore the creative side of trading more, including:

    • How overlooking your creative side can lead you to an empty trading account,
    • Tips and tricks on how to easily be creative in any part of the trading process,
    • How to convert your current traditional trading strategies into original and powerful ideas that will get you exceptional results,
    • 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!

    28 min
  • Episode 015: How to survive confused markets

    Imagine having a trade that's had a nice run and is holding a tidy profit.

    Then, just before the market closes, right before you're going to exit your trade, there's a fast sell-off and you end up closing the trade with a loss.

    Yup, one minute you're on the right side of the market and the next you're watching your trading account suffer.

    It just sucks!

    Creating good trading strategies is challenging enough. But having to deal with the markets' unpredictable and changing ways makes it even more difficult.

    Fortunately, there are effective ways traders can manage this wilderness.

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

    • The recent market confusion of rallies during the day followed by heavy sell-offs late in the session,
    • The damage this can do to strategies and how to build strategies that can handle this market indecision better,
    • The three main techniques to improve portfolio performance in these challenging market periods,
    • How to get your first instability-proof portfolio up and running FAST,
    • 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!

    27 min
  • Episode 014: The perfect solution for your trading problem

    Imagine you need a new pair of shoes.

    You go to the shoe shop and explain to the store attendant what type of shoes you want.

    Now, imagine if the store attendant tells you they only have 1 type of shoe and it only comes in 1 size. They recommend this same shoe to ALL of their customers, and they recommend it to you too. They don't even check if it's in your size!

    Would you take it?

    Probably not.

    To get the best results you need shoes that match you. Shoes that match your foot size. Shoes that match your body weight. And shoes that are designed for the specific purpose you need - you're not going to want women high-heels if you're a male runner. (and if you do that's fine too, we're not judging!)

    But, just as there's no 'one-size-fits-all' solution for shoes, there's no 'one-size-fits-all' solution in trading.

    Every challenge a trader goes through has a very specific solution to solve that problem.

    Trying to use the wrong solution for a specific problem won't give you the best results. So, wouldn't it be awesome if you could get a personalized solution to your trading challenge RIGHT NOW?

    In this podcast episode, we talk about finding the right solution for trading challenges, including:

    • The mindset you need to never get stuck in your trading challenges,
    • The first step to finding the perfect solution for what's holding your trading back,
    • How to get a personalized action plan for the trading challenges you're facing right now,
    • 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!

    17 min
  • Episode 013: Listener question - "What's the best software for executing and monitoring strategies?"

    Do you remember those 'Apple vs PC' ads on the TV in the 1990s?

    They were a funny but very effective look at the differences between 2 competing options, and they ignited a debate that continues on today.Everybody has their opinion on which is better, but the answer usually comes down to what you want to do with it.

    And we can often see the same in trading software.A HUGE part of successful trading is being able to execute and monitor your trading strategies effectively.

    But to do that, you need to make sure you've got the right software, infrastructure and processes in place.

    These days we're spoilt for choice with trading software. Knowing which is best for you can also come down to 'what you want to do with it'.

    So, on this podcast episode we're answering a listener question on software, execution and monitoring. Here's what you'll discover:

    • The two types of strategy monitoring and what software you can use to easily apply them in your trading,
    • Our top tips to always be on top of your execution platform,
    • Critical steps you need to take to make sure your portfolio is running smoothly,
    • 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!

    22 min
  • Episode 012: Listener question - "Why do I need to have loads of breakout strategies to be successful?"

    There are a lot of wrong assumptions when it comes to trading strategies…

    One is that you only need 1 or 2 strategies to be successful.

    Another is that a trading strategy will last forever.

    Both of these aren't true.

    The lifespan of trading strategies has been getting shorter and shorter over the years.

    The markets are getting noisier. There are more algorithms. Greater changes in volatility. Tougher competition...

    If your strategy lasts 5 years, then consider yourself lucky!

    So ask yourself this question:

    If your strategy starts failing tomorrow, what are you going to do?

    If you truly want to become a successful trader with a stable income, then you need to think BIGGER.

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

    • The trading mindset you need to be successful, no matter what your goals are,
    • What your 'Plan B' should look like for any bumps on the road,
    • How the markets are getting more difficult to trade and what you can do to be prepared,
    • How to develop your own strategies in unlimited quantity, and gain full control over your 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!

    29 min
  • Episode 011: Knowing it all won't make you rich

    Most strategies fail.

    Most traders will spend their time trying to understand the most intricate detail as to why they failed.

    Even though that's a good thing overall, it can also be your worst enemy.

    At some point in your trading journey, you have to embrace that you can't decipher everything.

    Spending time trying to understand the minute details will make you lose money in the long run.

    I did just that when developing my brilliant framework that is now the core of the Breakout Strategies Masterclass.

    I spent a lot of time researching but I knew when to move on and start experimenting.

    I was focused on getting results and NOT on winning the "know-it-all" competition.

    So today, I'm here to share how I achieved such a framework and how I knew each step would work.

    So, here's what you'll discover:

    • What makes the Breakout Strategies Masterclass framework surpass any other out there,
    • The bullet-proof process the BOS framework went through to become the best of the best,
    • How embracing the not knowing helped me achieve the current, and best version of this framework,
    • And how this framework kept 93% of my strategies making money for over a 2-year period.

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

    28 min
  • Episode 010: From Thai beach to trading champion

    Max Schulz, a swing trader from Germany, was having the time of his life in Thailand.

    One day, while sipping cocktails on the beach with his trading mates, someone jokingly asked if they could beat Larry Williams 10,000% return in the World Cup Trading Championships.

    With absolutely no preparation, and barely any experience in trading stock index futures Max took their joke seriously and entered the competition.

    The result?

    Max came 3rd place in the 2017 World Cup Trading Championship, with a fantastic return of 112%.

    How was he able to achieve such a great return?

    What was his secret?

    In today's episode, he's here to tell it all. Here's what you'll discover:

    • How Max transformed his index trading strategies with Market Internals,
    • The simple trick Max used to increased returns while reducing drawdown by more than half,
    • Tips and techniques you can use right now to get more confident with your trading,
    • Max's advice to avoid getting ruined by any strategy,
    • 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!

    27 min
  • Episode 009: Maximizing profits, minimizing drawdowns

    Imagine having access to thousands of different trading strategies…

    By analyzing their live performance, you could determine exactly what works and what doesn't.

    Wouldn't that be amazing?

    Well, you're in luck!

    On today's episode, we're joined by Martin Lembak, a veteran broker with 17 years of experience. He's executed and analyzed more than 1000 strategies from some of the best traders and strategy developers in the world.

    He's also been Tomas' personal broker for almost 14 years.

    We're very excited to have him on the show, as he shares some of his insider secrets that'll help fast-track your journey to trading success.

    Here's what you'll discover:

    • Martin's top five takeaways for maximizing profits and minimizing drawdowns,
    • Why it's important to know if your strategies apply to the current markets and timeframes,
    • How to achieve consistent profits by adapting to market volatility,
    • 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!

    31 min

About Breakout Trading Answered

From the publisher's feed

Welcome to the Better Trader Academy podcast, where truly passionate algorithmic trading specialists share trading tips and techniques they've picked up over many years of hard work and successful trading.

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