Better System Trader

193: "Innovation as a trading edge" – Dr Brett Steenbarger

Better System Trader

Show Notes

Trader, author and performance coach Dr Brett Steenbarger discusses how traders can get an edge by applying innovation to their trading, including: The 2 levels of improvements traders can make, Why traders resist innovation and how to address hesitation to change, How to innovate by looking at what we do well, Why NOT trading can be an innovation for traders, Impacts of lifestyle and mindset on innovation, Why you should "limit your search" when looking for edges, The 2 qualities most shared amongst successful traders Plus, odds and backtesting market patterns, skill vs luck, testing in relevant market regimes, what successful traders focus on and much more!

Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.

More from Better System Trader

Aug 9, 2024

There are lots of varying opinions about the markets right now. And massive uncertainty about where it's heading next. In this episode, I'm joined by Mish Schneider from MarketGauge, to discuss Market Phases, including: the 6 types of markets phases to watch for,

Jul 11, 2024

Price charts are no longer enough…

Jun 27, 2024

Explore the world of algorithmic trading with Laurens Bensdorp as he delves into his extensive experience managing a diverse portfolio of trading systems. From foundational concepts to advanced strategies, Laurens provides a comprehensive guide to thriving in the volatile trading landscape.

Jun 13, 2024

A Bloomberg study discovered MACD is the second most popular indicator after the RSI.

May 30, 2024

The Volatility Index (VIX) is used by traders to determine when the stock market (S&P) is getting "too risky", so they can protect their trading accounts from losses. Could traders be using the VIX wrong? Is there an even better way to time the markets and reduce risk? In this episode, discover the new secrets of volatility-based trading with Rob Hanna. Rob shares his award-winning insights into using the VIX and SPX to time the market, challenging conventional wisdom and uncovering new strategies for volatility trading. Whether you're an advanced trader or just looking to refine your approach, this podcast is packed with valuable tips and actionable advice. Some of the key points you'll discover: Why conventional wisdom using VIX for market timing could be all wrong, Does VIX movement really predict market moves or is there a better way, How SPX signals can be more effective than VIX signals, The best indicators for predicting short-term market movements, Practical strategies for trading VIX instruments, How quicker VIX recovery can be leveraged to reduce the length of drawdowns, Plus a simple VIX model that uses SPX movements to time the market (the opposite of what most traders do), and much more!

See all episodes →