Chat With Kevin Davey - Algo Trading Part 1

[@bruverton]

Can you expand on few trades strategies? Are you referring to perimeter settings which only trigger a handful of times, but they harvest outlier trades?

[@MIDO-2025]

Excellent session. It will be great if you dive really deeper in strategy diversification in part 2

[@bruverton]

Ref 12:35, is this referring to scaling in and out, maybe based on EMA moving toward a cross, versus say, one entry one exit and stop loss at a cross

[@neildonaldson7559]

Very true about background. My background was electronics engineer at a medical company and now systematic trader.

[@scienceofsmile]

Good luck to you.

[@junal27]

Thanks, was it worthy the change?, I am a civil eng. considering algo trading

[@IgorLisx]

✌

[@shahnawazaziz7806]

why both of you sell courses if you make large money trading?

[@scienceofsmile]

Very good question! Well, I started off as an academic and really enjoy teaching. I put out a lot of content for free such as this one, which also costs money to maintain. I'm not a charity, so this is financed with the courses. Apart from that it's always nice to have several sources of income, however small. Even for the best traders, there can be phases where things are not going so well while bills still have to be paid. My question for you is, how do you define "large money"? This term is quite "relative". Trading is a job like any other and if you are serious about it you first and foremost manage your risk well rather than go for bit YOLO bets.

[@ScottAllenTVH]

@shahnawazaziz7806 This is a common criique. The thing is, if you're actually trading for a living, taking money out every month, not compounding it, it takes quite a large stack to make a living, especially allowing for down months, or even years. And then, considering the time and effort, not to mention the accumulated expertise, that it takes to produce a good course, it's unreasonable to expect anyone to do that for free. Would you rather they not do it at all?

[@ScottAllenTVH]

@@scienceofsmile It's also a lot different picture if you're relying on trading for income vs. being able to compound it. No matter how good you are (within reasonable standards), it takes quite a large stack to actually make a living from trading full-time. And how do you get there? I've figured I'd need about 20x what I currently have to be able to trade full-time, without other people's money.

[@scienceofsmile]

I appreciate your reply. Also, i see a lot (in capitals) content about this topic that only be charaterized as scammy. I once started from nothing too and was grateful for other people's insights. Now I'm happy to give something back.

[@junal27]

I wonder why my 67 y coworkers still want to keep working when moneywise they have their lives already fixed?, people needs to be engaged with the world I guess and being appreciated unless they are broken and do not want to share