A common pattern I see amongst many losing traders is their deep rooted fascination in the entry of a trade. I understand it. It feels like common sense that when you get in is the most important aspect to get right in a trading setup. But what if it wasn’t? In my experience of copaching over 1500 people now for the last 6 years, I’ve found a direct pattern that shows losing traders are placing too much focus on the entry of a trade at the detriment to another area that if left unmastered, will render the entire entry process pointless. In other words, if you don’t get this right, it won’t matter how sophisticated your entry process is. You will fail.
The CLEAN Trader podcast was created by active trader Chris Chillingworth to share insight, ideas, tips and experience on how to improve as a mechanical systematic trader. Self described as a british bearded trader 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.