#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

#right

Recent Posts

See All

#245: My Top 3 ADX Indicator Tips

#244: Trading Strategies On Any Market!

#243: MY NEW PORTFOLIO: 4 Things I Learned

What others are saying

"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."

Andrew Swanscott, BetterSystemTrader.com

"Tomas has been a professional trader for more than a decade and I have had the privilege of monitoring his accounts in action since 2006. His systems are performing as some of the best I have ever monitored and executed. I have been in the trading industry since 2002 and worked with many developers from all over the world. Tomas is definitely the one to consider."

Martin Lembak,

Systems Trading Expert,

MFRM, CAIA

"Tomas is a professional trader, who for the last 10 years has specialized in developing trading systems. We have been tracking his trading systems for about 5 years and they generally show very robust, stable and above average performance. Striker is pleased to work with someone like him - a real professional with enthusiasm and deep knowledge of trading."

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."

Craig Peters,

semi-advanced trader,

United Kingdom

"Tom's approach to Automated Trading Strategies design, tests of robustness and portfolio diversification is really unique. He has been a professional trader for many years and the depth of his understanding of Breakout strategies and Market Internals is hard to find elsewhere."

Antonin Fisher,

Hedge Fund Manager,

Czech Republic