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Yeah that's the way it is !

Great interview.. Thanks

Hello Andrew,please bring Ivan Scherman.

Shorting is for people who have enough money to make it fail. It should not be legal.

Great show as always. I've learnt so much from BST and the great guests you have on the show. I'm looking to develop a 5m scalping strategy and was wondering if anybody has tested fixed ATR vs rolling ATR? The trade has been open for 100 candles. fixed_atr_based_stoploss has the same SL 1200 but rolling_atr_based_stoploss now has SL 1000. Both examples opened the same trade, but rolling_based_atr_stoploss = -(atr_value * 2 / trade.open_rate) so updates the stop loss on every candle whereas fixed_atr_based_stoploss just calculated the ATR on the entry candle only and persisted with those. I feel like this is probably a Linda Raschke style question but hope some other traders here can help.

47:10

Amazing

It’s a great book, but It’s a fictional biography and does not accurately reflect his life. The real story of Jesse Livermore serves as both a testament to his financial acumen and a cautionary tale of the emotional toll in the world of investing.

Sir indian markat working stratage pls send video pls😢😢

Sir indian markat reviw pls😢

A decade of lost time! I can identity with that. I was introduced to rules based trading back in 2002 but due to poor timing (a bad market regime) I concluded it didnt work. I then went into investing using fundamentals. This was a 12 year wilderness. Thankfully I rediscovered mechanical rules based trading back in 2019. What a mistake straying off the path.

I like this one very much as it relates to my own way of thinking a lot. I especially liked it when he said he got really exited when he gained the capabilities to test his own ideas. That's exactly what motivates me as well. Having created my own extensive simulator allowing me to test ideas quickly really helps a lot! He also spoke about having multiple systems and looking at the average of their results. Again, exactly what I'm trying to do. I can test multiple strategies over (long) periods of time simultaneously, allowing me to see how the strategies complement each other. Great to hear an experienced trader mention similar things!

yes

Wow, so complicated to explain an indicator as Macd.is he sharing any statistical back test on any assets or refs os single stocks?

Spend time to trust your Own system and don’t be too eager to go online. Patience and when everything works correctly then go live with your algorithms.

Thank you. How do we get ahold of this indicator? Is it part of a certain platform? Or can I program a standard macd to include this.

Thanks! I like your approach to deal with the data.

Thanks guys! I didn't know about the MacdV but have programmed it into my own system. It certainly is a big improvement over the traditional one. Thanks for sharing!

Thank you the invitation and our chat. It was very enjoyable

you should be interviewing Vinny Emini from Algobox... his indicators are above and beyond what you see in the Market especially his Enigma

Now invite the real PPO guys in ...

Hi, I'm a fan ofvthe Chande momentum oscillator myself. Thanks for the upload 🥰

I am listening to this right now.... This is fantastic stuff

Surprised the librarian didn’t tell that guy to keep it down lol

Great podcast lots of value!

what the guest says about opportunity cost is true. I demo traded my algo live in 2023, then went with a real account in 2024. i regret because i missed out on a winning 12 months 2023. I should have put it on a prop trading account at least, which is what i have done this year 2024, paid $1k for a $20k drawdown. wouldah, couldah, shouldah - regret. the backtest were good, have a punt, stop being so educated, wasting time.

nice 1.

You cannot, and will not, ever beat the house, because the house cheats. They know client positions and with PFOF, place an order in the lit market against the internalized retail position. Its a game of wealth transfer. Tell me how its possible that retail traders get hosed, 401k holders get around 5-10% a year, and hedge funds and banks earn billions and billions and billions. It's a fraud. The only way you can reliably make money in markets is with insider information, luck, an arbitrage, or taking advantage of derivatives being miss-priced. Anyone who's in the game long enough knows its a sham.

Yeah right.... Makes sense only if you have a multimillion $ account. If that's your expectation with an account south of $1m, you might as well work a 9-5 job, ... without the risk of drawdown, going bankrupt or the associated stress.

As always great content and interesting interviews, BST is my absolute go to for trading knowledge! I will look into the article thats in the shownotes. Again many thanks!

Link t Link to Tom’s website please? I can’t find it online.

💎 Trading is a global 🌎 poker & chess game that is executed thru a auction system (order flow thru bid/ask). Dynamic profession. 💎

The most important metric of any model for pro traders who live off trading income is frequency of new highs. People paying bills can’t sit for months waiting for new cash. Of course, if someone has a very selective strategy with a huge payout a few times a year that can also work.

Thank you for this video. If I was watching live I would've asked these 2 questions: 1. what impact have 0DTE SPX options had on the value of VIX maybe pulling volume from the monthlies, etc.? 2. How does long SVXY vs short UVXY perform in accounts that cannot hold short positions?

The problem being that if it stops working you dont know why. I find it more challenging to truly understand a strategy, but once you do understand it, you can apply this across miltiples.

👌🏼

Very good VIX-related infos in this interview, thank you very much!

Almost all indicators use price and volume as their days inputs. The rest is fancy math and graphs with pretty colors. Make of that what you will...

Golden. More system traders please!

Yeah trading is a boring profession to be honest ❤

Good info 👍

This was an awesome interview! So much valuable information. Great questions Andrew, great answers Tom Basso. Chantelle

Hey , you are posting really nice content and video I was wondering if I could help you edit your videos and also making highly engaging shorts video out of them.

Hey, really nice content and video you are posting I was wondering if I could help you edit your videos and also making highly engaging shorts video out of them.

Great interview!

🙏

So much wisdom in one interview!

What is loosing streaks ? :)

luck surface area, that's pretty high level concept

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