Day Trading: Specializing, automating, using stats | Jeff Davis

EP 070: Specializing, automating, and using stats for high probability trade setups w/ Jeff Davis
Jeff is a day trader who specializes in the S&P futures, and predominately trades a mean-reversion strategy which is built upon data and statistical probabilities.
Across his 20+ year trading career, Jeff has also been heavily involved in the process of developing and deploying algorithmic strategies-but slightly less these days.
In this interview we talk about Jeff’s prop days, risks of being a one-man-business, automated trading, specializing, statistics, and more.
From this conversation, I think you’ll pick up on the underlying theme, which is all about building confidence in your strategy and then being able to size up when you have an edge.
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LINKS
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· Stitcher: www.stitcher.com/podcast/chat-...

[@user-xi4jw4mh7p]

Thanks Aaron for letting your guests speak freely with very little interruptions. (8min from 35:00-48:00)

[@Eli-gg9zd]

that’s 13 mate - hope you’re trades are more accurate LOL

[@HowTradingWorks]

WOW,,, this man has a box of tacks. I have listened to every interview and this might be my favorite one. Clear, concise and on point. I did not know Jeff Davis before, but I can assure you I will never forget him. truth for years. great interview Aaron!

[@vivekhardikar3507]

I am addicted to these interviews man.. just like market wizards , so much wisdom and so good to hear so many trader stories :)

[@ChatWithTradersPodcast]

+vivek hardikar, I'm pleased to have hooked you in ;)

[@Twentytwentyvision]

since aaron left, many have stopped listening 😭

[@RossClementsOnline]

This is truly Brilliant advice from Jeff, no BS, this is what traders need to do, specialise is a small number of select stocks - 15-25 if your a pro. I've been employing this strategy for over 6 months & I'm loving the results its been delivering for me. What a fantastic pod cast! & Yes, I agree long live - Aaron Fifield his interviews have helped me massively. As a father of 2 girls I am very grateful.

[@pietrodeveloper]

Favorite interview so far. Thanks very much

[@ChatWithTradersPodcast]

+seniorxP, good one! Props to Jeff for being a standout guest.

[@heyward]

Great interview. I'm a retail systematic trader. I design and develop the systems, deploy them, I do everything on my own. And Jeff's point, that if something happens to you, you're basically out of business. I actually haven't thought about this seriously.

[@audioface420]

I love this podcast, this was a great episode 👍

[@DubTenProductions]

Love this interview. So many nuggets of information. You're the man Jeff.

[@hamisintunzwenimana8083]

Great General 1. Learning Process; Systems -- Strategy -- Planning 2. General Advice; analogies

[@andrewereynolds1408]

Jeff Davis lays out some complex concepts on trading pyschology in a plain spoken manner. Good interview Aaron.

[@vasubabua]

By far best interview on day trading .. glad I hear today ...

[@metamoonnn]

I’m 7 years late, but needed to hear this.

[@pedropablopimientaperez96]

Me too!

[@nnconfomiststoic7346]

Me three

[@mehdighafarian8807]

Hey Aaron, What you're doing with these interviews for traders is just amazing! I want to appreciate your efforts man. This episode is one of the best I've listened so far. The position management details are very practical and I've reached the same conclusion in a different market. Thanks to you and Jeff

[@pierrebrseven]

Kudos Aaron! This interview with Jeff is so far my favorite. He is so full of practical advise.

[@ChatWithTradersPodcast]

+pierrsbseven, cool! You might like to check out Jeff's blog also: medium.com/@shaq48_trading

[@scottydog9997]

I love how this sounds like a guy working at a deli teaching you about statistical analysis. Great interview, continues to confirm how I personally trade.

[@zurara_ayoub]

this man have a perfect mindset 👍

[@MP-gk2jr]

I could see how all those years of experience and learning , could shape up a fine trader. Thanks much for sharing Jeff !! Salute.

[@ChatWithTradersPodcast]

+MATHEW PAULSON, great to have you listening man.

[@BlackJesus8463]

Glad you included some of this in the Best of Day Trading Part 1.

[@PT-cv9ff]

Amazing interviews and great work Aaron. Keep rocking. Best wishes

[@FxHades01]

Thanks you for brings us this pure gold . God bless you .

[@vdevictoria4016]

44:09 Good piece of advice

[@mobileoilchange683]

I love your questions bro it’s really close to what I would ask these guys thanks.

[@aysenurfidan1122]

An amazing one! It gaves me everything I needed in this part of my trading journey.

[@newuser251]

Note to self: Range trader, vwap for target, mean reversion, trend trading is not suitable for day trading index futures. 75-80% of the time, due to algo trading index futures mean reverts. Try to predict the range that is developing and fade it. Yesterday's high /low are important levels. Build confidence with screen time and by selecting a strategy that suits your personality and then try to grow size quickly. Specialize with one product and one pattern.

[@joe009ize]

Hi .. like to contact u... Want to discuss more about the subject you talked about. Will you be available?

[@joe009ize]

@@guyredares Good.... But need to horn some more skills

[@joe009ize]

@@guyredares I am trading Banknifty Index Fut( Banking Index from Indian Market. need some advise on how to do price action statisitcs. Also, emailed to Jeff personally

[@joe009ize]

I am trading it for 6 months

[@michaelwoythaler]

​@@joe009izedid Jeff reply to your email?

[@andrewereynolds1408]

Recency bias. Golden info for traders Jeff. Great interview.

[@primusgrant3426]

Lots of gold nuggets in this one way to go Jeff

[@bobbush6816]

Hands down the best interview..good content there, i agree some days mean reversion trades are not there but will be paying more attention to this strategy.

[@h.k.731]

One of the best podcast I’ve ever heard. WOOOW

[@JamesParus]

great comment about the stop loss.

[@amsbeats841]

This is one of those guys who you can just tell, knows his fucking shit. Super valuable information here!!

[@gaberoyalll]

Min marker 27.05 nice 👌 whole thing too of course!

[@FreFlyr]

One of my favorite interviews Aaron!

[@ChatWithTradersPodcast]

+Paul Rajasansi - that's great man, thank you.

[@FreFlyr]

Your becoming a specialist in great trading interviews! :)

[@ChatWithTradersPodcast]

+Paul Rajasansi - hah, you're too kind.

[@jeroencommandeur]

This stuff is golden.

[@leoadantas]

Great podcast

[@gremgreene2725]

Best one yet

[@kingscairn]

The learned skills, maturity rules mentality, that Mr Davis is speaking IS the core of experienced traders, learning what makes the wheel turn is the psychology of the market you're never a shark unless commanding the stocks ($$$) that makes the market move and you actually have more freedom to move than they do because, to go unnoticed he must split up his buys to not let on (stealthy volume to build a position, depending on the stock is a dead giveaway)... I can run alongside the train in cover of the forest while the train is confined to the tracks and spewing smoke everywhere he goes... watch the shark, be a Remora and stay close enough to eat while he feeds on the more visible and careless of your fellows - eat or be eaten !

[@ChatWithTradersPodcast]

+kingscairn - thanks for listening, I'm glad you clicked with what Jeff had to share.

[@nnconfomiststoic7346]

The biggest secret about the best traders in the world is an open secret

[@codingforslowpeople6721]

Best interview

[@ashishchoudhary5493]

jeff is very nice person.he is specially sent on earth by god to help people

[@Emer_V]

Top. Thanks

[@mitchellpenman-allen6472]

I feel like I can hear jeff punching his palm the whole time hahah, what a legend

[@anindividual9225]

I feel like this guy is me!

[@bentechwild]

So awesome

[@rodfather7825]

thanks,,,,,,,I've learned a lot here.......everybody finds what works for them.....i have different system....mine is lazy mans way of making money,,,,,,I scan for dividend stocks over 5 % making new highs,,,,,i buy a few hundred shares,,,,,when i make over 50 cents in price i sell them,,,if i have to hold for a while i get dividend for holding them,,,,,its working for now,,,,,but the market change so we have to sometimes change with them....again thanks.....

[@jiripavelek743]

I listen to one by one and always give like in first 10 seconds

[@Jimj]

Awesome

[@ChatWithTradersPodcast]

+Jim j, thanks!

[@VicDamoneJr82]

Be great at one thing loved this interview.... do keto never get sick

[@MrKevin1144]

Specialize ,54:16 begins talking about specialization.

[@kinberlyfaa5856]

How to reach Jeff davis.

[@chrisandrews3793]

38:00 to 52:00

[@claude745]

Awesome interview! I'm a programmer by trade and would love to have someone like Jeff give me advice in exchange for programming his stuff. If anyone is in a similar situation and looking for a programmer to work with send me a message.

[@moreblessingmandigora6825]

I have a good strategy & been a trader for 4years. I need a programmer to share my trading & him/her program the strategy. Contact me at [e-mail]

[@antonulybin389]

That's just the truth of the matter. That's just the truth of the matter. That's just the truth of the matter. That's just the truth of the matter. That's just the truth of the matter. That's just the truth of the matter. That's just the truth of the matter.

[@thugjuice69]

I'm that guy

[@kingscairn]

Hey guys.. the Historic Brexit count is on right now in the UK.. right now it's 51 leave, 48 stay 9:04 pm (EST U.S.).. If the ' Talking Heads' and ' Special Interests ' are right, and the world spins off into a Black Hole with an Exit - are you ready to buy tomorrow, or do you think it's just another Y2K yawn ? Tomorrow is a Friday btw !

[@kingscairn]

10:46 pm (EST US)... the outs are still up slightly - Dow Futures Down 530... more QE (easy money ) on the way- buy buy buy ? try to control my " Irrational Exuberance " !

[@rainbowarthub]

Jeff is very knowledgeable, and i liked his trading interview, however i noticed he is a Trump supporter and that stopped me from following him on Twitter. I will never understand why anyone would want to choose such a vile and pathetic clown as a President for the USA.

[@moneyfreak161]

The fact you care more about someones political views over making money shows where you stand. Go cry more about trump while you miss out on making real money.