What It Takes To Make A Living Trading Systematically - Pavel Kycek
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- čas přidán 25. 07. 2024
- In this Forex trader interview, Etienne sits down with Pavel Kycek in Prague and they discuss what it takes to make a living trading systematically. Learn why expectations for returns should be realistic and based on market conditions.
Chapters:
00:00 What It Takes To Make A Living Trading Systematically
00:40 Pavel's trading journey
02:20 Going from discretionary trading to fully systematic
03:23 How he stopped losing money
04:30 Do you only make money with discretionary trading?
07:23 High-level approach for systematic trading
08:41 Challenges and opportunities in crypto trading
10:01 How to know if you have an edge in trading
12:20 Managing a portfolio of strategies
14:28 Making your strategy work without too many filters
16:29 Mean reversion strategies
18:29 Starting his company
20:05 How to decide when to exit the market
23:32 Pavel’s thoughts on take profits
25:25 Determining the kind of time stop for your trade
27:09 Common mistakes people make in trading
30:15 Is trading a zero-sum game?
31:17 Staying long-term in the market
32:49 How Pavel built his team for systematic trading
35:19 Transitioning to trading other people's capital
37:46 Insights on getting out during a drawdown
38:58 On turning off and adding new strategies
42:09 Expectations and risks in crypto and stock trading
46:40 How long will it take for crypto to be less volatile?
48:10 Where to find Pavel Kycek?
#desiretotrade #forextrading #traderinterview #systematictrading
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Pavel Kycek's website: robuxio.com/explainer
Twitter: x.com/pkycek
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Hope everyone enjoys watching it as much as I enjoyed being a part of it! - Pavel
I am working on similar track to your fundamentals here. I appreciate your talk. Had a good run on a portfolio, sized up each two consecutive winning months, hit first drawdown which was significant and painful now am trying to overcome and become more professional to keep trading active according to my research materials. Thank you again
The stop loss part is so true, I noticed this each time on trader, specially within crypto. Just was stopped out with a earlier solana trade at 142 USD, at 139 stop loss, now its at 147.80. Seen this happen dozens and dozens of time now, side from still having my profitable and winning trades regardless. So I am missing out, big time, for sure. Time for change.
When allocating a relatively small amount o the entire capital, it is only a bigger profit too, if getting the unexpected dumps, which effectively would be additional buy opportunities at huge discounts. Same with the time-stops, I often know that it should play out within X days or weeks, if not, It almost always turned out to first go another direction (down) as I play bull.
This is a great discussion about systematic and algorithmic trading. Worth watching. Etienne brings great guests on to the show! Thanks for your insights Pavel
Thank you!
Thanks E great interview
Glad you liked it, Bruce!
I find here somthing what i dont know.Thanks Etienne.
Another great Vidoe Etiene
Always my pleasure!
etienne nice video thanks but what kind of english are you talking? be slow
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