In this episode of 2Traders Podcast, Darren and Walter tackle market trends, trend trading, and why you, as a retail trader have advantages over institutional traders.

Now, if you try to catch trends in the market, how should you determine the market direction?

According to Walter, trend trading may not fit with the psychological makeup of all traders. Which kind of trader are you? Darren takes a peek at automated trading, hear what his thoughts are on automated vs. discretionary trading in this episode. Do automated trading systems really remove issues discretionary traders endure?

All this and more in this episode.

Download (Duration: 30:23 / 34.7 MB)

In this episode:

00:47 – dive into

02:23 – the only way to go

05:13 – struggling

07:36 – take that in context

10:17 – way around it

12:25 – a different world

13:46 – coin flip scenario

16:06 – chunk of drawdown

18:05 – disappointing

20:11 – mechanical exit

21:20 – sneaky peak

23:52 – enlightening

25:02 – is discretion important?

27:09 – user error

29:02 – making trading easier

Tweetables:

Use other triggers to decide which direction you are going. [Click To Tweet].

Tweak things so it suits your style of trading better. [Click To Tweet].

All traders are discretionary traders. [Click To Tweet].

Download The Full Episode 72 Transcript Here

Darren: We love to hold on to this belief that discretion is really important and I think a lot of the times we like to hold on to that is because it gives us that easy out. It gives us that way of explaining our mistakes and it gives us that way of dealing with the disappointments of trading…  

Announcer: 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: Welcome to the Two Traders Podcast, Walter here. Hello, Darren.

Darren: Good evening, Walter.

Walter: We have this question about losing money and I’ll read it for all of our listeners here and we are going to dive into this one today, Darren. This is from a listener: I keep on losing money whenever I trade. I cannot clearly determine the direction of the market trend. It’s a big challenge for me. What do you say about this?

Darren: If I keep losing money then I would do my trend analysis and go the opposite direction if the trend is determining that direction is the problem. That is a pretty simple solution.

Walter: It would be different though like stop placement or something, right?

Darren: Yeah. It could be that you are trying to get in with two type of a stop for your particular timeframe and I am a big fan of a wider stop. I think people over complicate the trend because it is very subjective.

I mean, are you talking about a trend that is going to go ...