We are loving learning about how to become more "robotic" traders from Jeremy Tang of Shark Indicators. We have posted a copy of the recording below as well as an outline of the presentation. Jeremy shared on the importance of research and how professional traders use a rules based approach to control their emotions in their trading. This is definitely something many traders struggle with so whether you trade using systems or not, it will be a very helpful presentation to review:
You can learn more about Shark Indicators by going to: www.SharkIndicators.com
Recap of Presentation:
Professional Traders
- Why they succeed and average
- What is their secret?
- See charts differently.
- All the work is done beforehand.
- Control emotions.
System trading (why system trading is important)
- Consistency through research
- Trade opportunities under fire.
- Confidence
Research
- How do you know what you have works?
Model your system (why do we need to model it?)
- Visualize your system
- Use computers to back-test
- Trade efficiently
Modeling your system (An Answer for retail Traders)
The Bloodhound Way (What Bloodhound can do for u?)
- Power to the retail trader
- Model systems without coding
- Extremely fast, flexible
System Example (Simple Moving Average Cross-Over System)
System Rules (Moving Average Cross-Over)
- Uses 2 moving averages
- A fast moving average with a small period
- A slow moving average with a large period
- Long Signal: fast crosses above the slow
- Short Signal: fast crosses below the slow
Price Swing Trend (Looking for trend)
Swing Trend
- Higher highs and Higher Lows is a bullish trend
- Lower Highs and Lower Lows is a bearish trend
We hope you enjoyed it as much as we did!