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EP08: Is Complex Trading Right For You?
Why does it seem to be that profitable trading is so difficult? Does this mean we must create complex methods for pulling profits from the markets? Are most humans designed to lose money in the markets? Why is this? And what can we do to change this propensity, if it is true for most of us. Darren and Walter look into complex trading systems in this episode, and come up with strategies for countering the (unprofitable) instincts traders employ when trying to improve trading systems.
http://media.blubrry.com/2traders/content.blubrry.com/2traders/2_Traders_-_EP08.mp3
Download (Duration: 34:22 / 47.2 MB)
In this episode:
01:40 – Books vs. Kindles
03:01 – crowbar vs. a powerdrill
03:25 – When trading systems “fail”
03:41 – why does difficult = complex?
05:01 – Walter’s USD/JPY neural network
07:03 – predicting the markets vs. making money
08:22 – Darren’s approach to robust system building
11:00 – the problem with nuclear reactors
13:05 – how Darren uncovers profitable system attributes
17:05 – the curious case of Scott Barlow
18:58 – the seduction of _____
19:44 – The weird reason for enjoying your losses
21:07 – Darren’s solution for simple profitable trading
22:00 – when fear dictates your stoploss strategy
25:24 – an unusually simple (and profitable) trading system
28:46 – your judgement calls define your success
29:14 – how Darren cooks sea bass
30:41 – beating yourself up is the wrong thing to do
31:01 – the magic of re-entry rules
32:03 – Walter’s tip for trading simplification
33:41 – what can you remove from your system?
Tweetables:
Books don’t break – but Kindles do… keep things simple. [Click To Tweet].
Enjoy your losses, you will learn more from them than your winners. [Click To Tweet].
Experience is the antidote for over-complicated trading systems. [Click To Tweet].
Download The Full Episode 8 Transcript Here
Darren: Essentially, it’s trying to simplify the whole process, really, rather than making the entry, the management, and the exit all …
Two traders: Darren and Walter, pull back the curtain on profitable trading systems, consistent money management, and profitable psychological triggers. Welcome to the Two Traders podcast.
Walter: All right, welcome back to the Two Traders podcast. It’s Walter and I’m here with Darren. Hi, Darren.
Darren: Hi, Walter.
Walter: Darren, you have this idea and I thought, “Brilliant.” It was sort of fortuitous because I had just read this book review by one of my favorite authors and then you had this idea about, diving deep into this topic, so would you like to explain to everyone listening exactly what’s on your mind...
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By Walter PetersWhy does it seem to be that profitable trading is so difficult? Does this mean we must create complex methods for pulling profits from the markets? Are most humans designed to lose money in the markets? Why is this? And what can we do to change this propensity, if it is true for most of us. Darren and Walter look into complex trading systems in this episode, and come up with strategies for countering the (unprofitable) instincts traders employ when trying to improve trading systems.
http://media.blubrry.com/2traders/content.blubrry.com/2traders/2_Traders_-_EP08.mp3
Download (Duration: 34:22 / 47.2 MB)
In this episode:
01:40 – Books vs. Kindles
03:01 – crowbar vs. a powerdrill
03:25 – When trading systems “fail”
03:41 – why does difficult = complex?
05:01 – Walter’s USD/JPY neural network
07:03 – predicting the markets vs. making money
08:22 – Darren’s approach to robust system building
11:00 – the problem with nuclear reactors
13:05 – how Darren uncovers profitable system attributes
17:05 – the curious case of Scott Barlow
18:58 – the seduction of _____
19:44 – The weird reason for enjoying your losses
21:07 – Darren’s solution for simple profitable trading
22:00 – when fear dictates your stoploss strategy
25:24 – an unusually simple (and profitable) trading system
28:46 – your judgement calls define your success
29:14 – how Darren cooks sea bass
30:41 – beating yourself up is the wrong thing to do
31:01 – the magic of re-entry rules
32:03 – Walter’s tip for trading simplification
33:41 – what can you remove from your system?
Tweetables:
Books don’t break – but Kindles do… keep things simple. [Click To Tweet].
Enjoy your losses, you will learn more from them than your winners. [Click To Tweet].
Experience is the antidote for over-complicated trading systems. [Click To Tweet].
Download The Full Episode 8 Transcript Here
Darren: Essentially, it’s trying to simplify the whole process, really, rather than making the entry, the management, and the exit all …
Two traders: Darren and Walter, pull back the curtain on profitable trading systems, consistent money management, and profitable psychological triggers. Welcome to the Two Traders podcast.
Walter: All right, welcome back to the Two Traders podcast. It’s Walter and I’m here with Darren. Hi, Darren.
Darren: Hi, Walter.
Walter: Darren, you have this idea and I thought, “Brilliant.” It was sort of fortuitous because I had just read this book review by one of my favorite authors and then you had this idea about, diving deep into this topic, so would you like to explain to everyone listening exactly what’s on your mind...