Making A Living Trading For 20+ Years - Adrian Reid | Trader Interview
ฝัง
- เผยแพร่เมื่อ 22 พ.ค. 2024
- In this Forex trading video, Etienne sits down with Adrian Reid who's making a living trading for 20+ years. Hear about Adrian's journey from no plans to staying in the game with simple and successful trading strategies. Find out why it's more satisfying for him to follow his systems than closing a trade. If you're looking for strategies on how to become a highly-profitable systematic trader, you need to watch this!
Chapters:
00:00 Making A Living Trading For 20+ Years
00:33 Adrian's first trading experience
02:25 From no plan to systematic trading
04:41 Finding the right strategies
07:08 "Make it your own"
08:14 What makes a good system?
11:51 How Adrian makes a distinction between good enough and "perfect" strategy
13:40 Dealing with correlations in trading
15:28 How do you make your risk-averse personality work with trading?
20:29 Mistakes people make when they trade systems
23:59 Confidence in trading your systems
25:49 On drawdowns...
27:08 How much time Adrian puts into learning or trying out new systems
28:16 Algos vs. automated systematic trading
31:27 What Adrian likes about strategy development
34:13 Backtesting crypto
36:07 How long it takes to be profitable
40:05 Where to find Adrian Reid
Adrian's TH-cam Channel ➡️ @EnlightenedStockTrading
Free Resources, Course, and eBook for Viewers➡️ enlightenedstocktrading.com/d...
#desiretotrade #forextrading #systematictrading #traderinterview
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Guys,invest in discipline before you start trading and you will see growth in your forex trading.
24:35 - 25:50
to boost confidence
wonderful insights that Adrian presented. I particularly enjoyed the fact that a sensible time frame can be achieved and relating that to potential lost income by procrastinating for years
Thank you for watching Adam - Glad you enjoyed the interview!
Nice interview ET. Great to see you featuring fellow Australian traders.
Glad you enjoyed it Michael - let me know if you had any questions or comments following the interview.
Very insightful interview
I'm glad you liked it!
Thanks for watching, let me know if you have any questions and I will help you out 🙂
Thank you E great interview love how you are open to all the different styles of trading and strategies.
Glad you enjoyed it! It's always fun to talk with guys trading differently.
Thanks for watching - and thank you Etienne for having me on the show! I love trading with a portfolio of systems made up of different strategies, timeframes and markets! It really helps me sleep well and not worry about what the markets will do next.
Can you post a link to Adrian's web page, I coun't find it. Thanks, great job.
Good interview
Thanks!
How many "successful" traders can actually show us their equity curve performance over (at least) a 12-month period?
I know just 2. trader kei a Japanese guy and a french guy elliot hewitt. Very realistic results....
What are books on systematic trading?
Legend
Glad you liked the interview - let me know if you have any questions about anything we covered 🙂
Question. How do you know the difference between a strategy losing its edge vs being on the wrong side of probabilities when coming down to being in drawdown?
Great question Isaiah - This is quite complex, but what it comes down to is a system's 'normal' behaviour vs abnormal behaviour. When a system is having a drawdown that is within the range of the previous drawdowns on a 30 year backtest then there is usually nothing to worry about. However if you are monitoring all of the system statistics and there is something that has decayed out of the range of the historical backtest then you need to look more closely.
You can monitor trade level statistics like the size of winners and the size of losses... the % winners... the number of signals per day or week... the number of losses in a row etc. If these are trending down over some time then you may have an issue with system decay.
@Enlightened Stock Trading appreciate this, it has been on my mind a long time also but I am still just developing and testing, it's nice to have an answer so I am not tempted to rush in and find out for myself.
@@agedvagabond awesome - glad I could help.
Great interview Etienne! Fantastic insights on risk management! Having a vault of strategies still to be tested - This is so me, lulz 😂
Glad you enjoyed it!
Good luck with the testing! I find I can quickly discard most ideas on initial testing so it is best not to dwell on each one too much.
@@EnlightenedStockTrading fo sure. It a thing of having a framework for testing
@@pushdwithinx8634 yes having a good framework for testing strategies is critical. It is a big part of what I teach in The Trader Success System.
10:20 kinda disagree here but just based on my own experience. I think a strategy whose goal is too broad is at a very high risk of over fitting and flopping when it's gametime
Great content Etienne always learning. Can you speak slower next time? Its kind of difficult to hear you well
I will try!
You can slow down the speed of the video
@@DesireToTRADE English is my second lenguage, you really speak very fast!! Ja
What books do you recommend to start trading?
-Synergistic Trading
-Trading in the Zone
-Controlled Trading
Martin Armstrong blog
"Buy, select the order type, submit... I don't really need more of that in my life"
😂
Lol - Automation is the best! Changed my life for sure.
This man is getting slippage on a daily chart? Holy shit....
Dude nice interview but do you really need 10 ads that play while listening? Geesh
I let TH-cam put ads by default. And never see them since I have TH-cam premium, but I’d be annoyed too :)
If you become greedy market will punish you
great interview as usual!...but please speak SLOWER and more clearly. I guarantee you some people will stop listening because it takes effort to pick apart what you are saying. ;-)
stock trading ?! lol
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Etienne love your stuff, but please speak more slow, its hard to understand you.