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Andrew Swanscott chats with professional traders Larry Williams, Ernest Cha · Investment

Better System Trader

If you’re looking for inspiration, motivation and practical advice on improving your trading results, Better System Trader delivers every fortnight. Each episode brings you an expert trader who shares their own story, along with the steps, both good and bad, that they've taken on their path to success. With a focus on actionable insights, the tips and tricks used by the experts contain loads of value, providing you with insanely practical tips and tools you can start using TODAY. Improve your trading with Better System Trader.

Episodes

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201: “Getting serious about part-time trading” – Kris Longmore

23 Sep 2021
1h 6m
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This podcast episode introduces the "Edge Pyramid," a systematic approach to identify and prioritize trading opportunities, while cautioning against common pitfalls such as overtrading and oversized positions. Kris emphasizes the necessity of focusing on edges unattractive to professional traders and managing multiple ...

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200: “Using market noise to improve strategies” – Martyn Tinsley

15 Sep 2021
1h 0m
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This podcast episode delves into the intricacies of trading strategies through the lens of Martyn's approach, emphasizing the pivotal role of price action and the often-overlooked dynamics of market noise. Martyn articulates that successful trading hinges on identifying repeatable patterns while recognizing noise as bo...

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199: “Trading statistical edges in crypto” – Brian Blandin

07 Sep 2021
59m
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This podcast episode dives deep into the multifaceted realm of crypto trading, emphasizing the integration of data analysis, market volatility, and traditional trading techniques to navigate this complex environment. Brian highlights critical factors influencing trading strategies, from liquidity considerations to the ...

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198: “3 ways to improve trading models” – Curtis White

24 Aug 2021
47m
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This podcast episode emphasizes the critical components of algorithmic trading, focusing on the necessity of independent observation, research, and understanding market behaviors to cultivate effective trading strategies. Curtis discusses the potential pitfalls of blind reliance on backtests and emphasizes the creation...

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197: “How to use volatility to outperform the market” – Kyle Schultz

10 Aug 2021
54m
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This podcast episode emphasizes the critical role volatility plays in shaping effective trading strategies, advocating for a comprehensive understanding of both short and long volatility approaches to navigate market dynamics successfully. Kyle underscores the importance of adapting strategies to different volatility r...

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196: “How to avoid curve fitting using independent testing” – Jeff Swanson

03 Aug 2021
55m
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In this episode of Better System Trader, Andrew Swanscott interviews Jeff Swanson about avoiding curve fitting in systematic trading using a technique called independent testing. Jeff shares his background in trading, starting from high school to discovering systematic futures trading. He explains independent testing a...

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195: “Low-effort Trading Strategies” – Cesar Alvarez

27 Jul 2021
54m
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This podcast episode delves into the intricacies of rotational trading, covering crucial elements such as time diversification, universe selection, risk management, and the psychological challenges traders face. Cesar emphasizes the importance of choosing appropriate trading frequencies, the advantages of lower-cap sto...

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194: “How to improve trend following performance” – David Lundgren

20 Jul 2021
1h 5m
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This podcast episode challenges the prevailing notions surrounding momentum investing, asserting that its success isn't derived from reliable signals, but from a favorable statistical distribution that fosters positive outcomes. Dave emphasizes a strategic blending of momentum within a trend-following framework, highli...

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193: “Innovation as a trading edge” – Dr Brett Steenbarger

14 Jul 2021
52m
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This podcast episode highlights the transformative journey of traders as they confront their fears of change, embrace discomfort, and innovate from within. Brett shares personal experiences and strategies that emphasize the importance of self-awareness, patience, and a balanced mindset in trading, ultimately advocating...

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192: “Predicting profitability using machine learning” – Ernie Chan

15 Jun 2021
54m
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This podcast episode discusses the transformative role of machine learning in trading, particularly focusing on risk management and capital allocation. Ernie Chan emphasizes how these advanced techniques enhance traders' abilities to navigate market changes, utilize relevant features effectively, and simplify complex d...

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191: Combining Algos using State-Based Market Design – Richard Metzger

09 Jun 2021
1h 0m
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This podcast episode discusses the significance of defining market states—up, down, and sideways—and how this classification allows for effective algorithm performance analysis in trading systems. Richard emphasizes the importance of equal partitioning of market data to identify strengths and weaknesses in trading algo...

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190: Performing like a world champion even under stress and uncertainty – Mandi Pour Rafsendjani

02 Jun 2021
1h 8m
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This podcast episode delves into the intricate relationship between stress and trading performance, highlighting how emotional and mental conditioning can lead to self-sabotaging behaviors. Mandi provides insights on managing stress through a comprehensive approach, advocating for realistic thinking and proactive strat...

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189: Managing multiple trading strategies – David Bean

26 May 2021
1h 6m
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This podcast episode explores the multifaceted approach to trading that emphasizes psychological resilience, market adaptability, and the importance of long-term strategy over short-term gratification. David highlights the necessity of utilizing diverse trading strategies within a portfolio to manage risk effectively, ...

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188: “Why trading can be so challenging (and what to do about it)” – Adam Grimes

12 May 2021
1h 15m
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This podcast episode delves into the complexities of trading, highlighting the inherent challenges and misconceptions surrounding both discretionary and systematic approaches. Adam discusses the limitations of deliberate practice in trading, contemplates the market’s randomness, and emphasizes the need for a solid edge...

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187: “How to spot a trading scam” – Kevin Davey

05 May 2021
1h 11m
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This podcast episode uncovers the pervasive issue of scams in trading, providing listeners with essential tools and insights to identify false claims, fraudulent educators, and misleading practices in the world of trading. Through a detailed examination of fake trading charts, recognized red flags, psychological traps,...

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186: “Breaking the rules for higher returns” – Scott Welsh

28 Apr 2021
1h 3m
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This podcast episode delves into the transformative insights of trading expert Scott, who shares alternative perspectives on achieving trading success by challenging conventional wisdom, including embracing losing trades, utilizing indicators creatively, and advocating for concentrated trading strategies. By emphasizin...

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185: How to avoid creating trading strategies that degrade quickly - Timothy Masters

12 Apr 2021
1h 16m
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This podcast episode highlights the critical role of permutation tests in overcoming overfitting and evaluating trading systems, as Tim Masters discusses their applications, the nuances of unbiased performance measures, the utility of the profit factor metric, and the importance of entropy and stationarity in strategy ...

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184: Increasing returns using "Performance Qualifiers" – Tomas Nesnidal

30 Mar 2021
58m
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This podcast episode delves into Dynamic Position Sizing (DPS), a groundbreaking technique that enables traders to leverage fluctuating win percentages by adjusting position sizes according to market conditions, ultimately aiming to enhance profitability and minimize risks. Tomas passionately outlines how DPS distingui...

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183: Overcoming Broken Strategies – Marsten Parker

24 Mar 2021
1h 2m
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This podcast episode delves into the intricate evolution of trading strategies, as Marsten shares his journey from breakthrough approaches to mean reversion, emphasizing adaptability in the face of shifting market dynamics. He explores the challenges of distinguishing between broken systems and temporary downturns, the...

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182: How to identify high probability markets - David Steets

09 Mar 2021
1h 0m
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This podcast episode offers a comprehensive insight into David's systematic approach to investing through the lens of his probability dashboard, which utilizes a Bayesian probability process to identify market edges and strategies for achieving superior returns. By emphasizing the importance of valid data, capital pres...

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