What It Takes To Make A Living Trading Systematically
In episode 460 of the Desire To Trade Podcast, we will be listening to the recording of an interview 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.
The video is also available for you to watch on YouTube.
>> Watch the video recording!
Topics Covered In This Episode
- 00:00 Introduction
- 00:41 Pavel's trading journey
- 02:19 Going from discretionary trading to fully systematic
- 03:23 How he stopped losing money
- 04:26 Do you only make money with discretionary trading?
- 07:15 High-level approach for systematic trading
- 08:30 Challenges and opportunities in crypto trading
- 09:51 How to know if you have an edge in trading?
- 12:10 Managing a portfolio of strategies
- 14:17 Making your strategy work without too many filters
- 16:17 Mean reversion strategies
- 18:16 Starting his company
- 19:53 How to decide when to exit the market
- 23:14 Pavel’s thoughts on take profits
- 25:07 Determining the kind of time stop for your trade
- 26:51 Common mistakes people make in trading
- 29:53 Is trading a zero-sum game?
- 30:53 Staying long-term in the market
- 32:20 How Pavel built his team for systematic trading
- 34:45 Transitioning to trading other people's capital
- 37:05 Insights on getting out during a drawdown
- 38:19 On turning off and adding new strategies
- 41:28 Expectations and risks in crypto and stock trading
- 45:54 How long will it take for crypto to be less volatile?
- 47:24 Where to find Pavel Kycek?
- and much more
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How to find Pavel Kycek
What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!