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Home > Better System Trader > 186: “Breaking the rules for higher returns” – Scott Welsh
Podcast: Better System Trader
Episode:

186: “Breaking the rules for higher returns” – Scott Welsh
Category: Business
Duration: 01:03:02
Publish Date: 2021-04-28 03:53:06
Description:

World Cup Trading Championship runner-up Scott Welsh joins us to discuss how "breaking the rules" and doing the opposite of "traditional" trading approaches can lead to higher returns, including:

  • "Burning the ships" and how limiting beliefs are hurting traders,
  • Why traders should "start from the end" and work backwards,
  • Why it's good to see losing in your trading,
  • The 80/20 rule and why "getting the star" beats diversification,
  • How to achieve real-life trading that’s better than the backtest,
  • Selection bias - is it really so bad?
  • Why you should say “screw you” to people who tell you that you can’t do it,
  • Plus, doing the opposite to conventional trading wisdom, breaking the rules with indicators, strategies that never break, trading platforms, beating buy and hold, small profit targets, and much more.
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