#157: I’M SICK OF TRADING MYTHS...

I have to confess… I’m pretty sick of trading myths like these:

 

“Complex optimizations lead to curve fitting.”

“Simple strategies are better than complex strategies.”

“A good trading strategy needs to have a strong ‘rationale’.”

 

I understand they all sound “right”.

 

But a lot of that has to do with our cognitive biases. Not with actual research, comparison, assessment and evidence-based conclusions.

 

My own research proves that the “truths” mentioned above are definitely NOT as black-and-white as they’re presented (and thus creating a “halo” effect).

 

In fact, some of my research and conclusions are pretty shocking and if I followed all the “truths” mentioned above, I would never get as far with my trading as I have (a hint… I’m currently negotiating a 100+ mil USD investment into our hedge fund).

 

So, I decided ENOUGH of myths.

 

I decided to bring some light into these fallacies, and show you a very different (and I believe way more PROFITABLE) angle.

 

In the August 2020 issue of “The Empowered Trader” club newsletter, I’m going to explore 3 of the most popular trading wisdoms to determine if they’re real or myths. We’re calling it a special “MythBusters” issue, in honor of the TV show MythBusters.

 

If you’re already an Empowered Trader member, look out for it in your mailbox in the next few weeks.

 

If you’re not an Empowered Trader member yet, you can find more details here.

Sign up now, and you will get the “MythBusters” issue into your mailbox soon as well.

Plus, this is the last time you can join ET club at the special “Launch Discount” price. From next month the price goes up, so lock in the super low price (for the lifetime of your membership) while you can.


And if you’d like to know more about the Empowered Trader Club in general, I created a short video explaining it further - just check it out here:

 

 

 

 

 

Happy trading!

 

Tomas

 

 

 

 

 

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Author: Tom Nesnidal (more about me
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"Tomas is one of the most creative traders I know. He is able to generate unique trading ideas and elegant solutions to system development challenges."

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William Galwas, President Of Striker Securities, Inc 

"Personal consultation with Tom helped me to re-evaluate the complexity of my robustness testing and optimization processes. Plus, it has helped me with a specific plan on how to take things forward. It has given me some great ideas on how to avoid overfitting and make my testing more robust and provided tips on low hanging fruit in terms of the best markets to trade for intraday/short-term breakouts."

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"As an experienced trader, I used Tomas´s consultation to get more clarity on best-practise robustness testing procedures, risk management, and portfolio management. He was quickly able to help me refine my current trading and system development approaches, and pointed me to really practical measures that I could implement immediately. I found Tomas to be not only extremely knowledgeable but very helpful and a great teacher. This has given me more confidence in developing robust strategies that work, and I would recommend his mentoring as extremely valuable for any systems trader."

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DISCLAIMER:  Futures trading systems and commodity trading bear a high degree of risk. People can and do lose money.
Hypothetical results have many inherent limitations. Past performance does not guarantee future results. 

 

ACTUAL RESULTS SHOULD BE VIEWED WITH CAUTION, BECAUSE PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.