Why is it that two traders can pick up the exact same system and one can succeed with it and one can fail? The reason is because successful trading is not in the system itself but in the trader. This week we explore the exact reason why 81% of traders lose and 19% win. We talk about the exact hurdles you need to jump over in order to get the results you’ve wanted and what you’ll need to be prepared to do in order to reach the 19%.
The CLEAN Trader podcast was created by active trader Chris Chillingworth to share insight, ideas, tips and experience on how to improve as a trend following trader. Self described as a british bearded trend follower who likes rock music, wine and formula one racing.
Mechanical Systematic trading is a strategy that does not make predictions on the stockmarket, but instead looks at reacting to what the price of a market is actually doing. There is no attempt to be right, on the contrary, mechanical system traders expect to be wrong most of the time. They focus on killing losses quickly and letting winners run to ensure profitability.
Mechanical Trading does not utilise fundamental data to form opinions on what the markets are about to do. It is all about finding a system that works and focusing your energies on executing it accurately.