Now and again I stumble across a trader with more than just an amazing trading story to tell. This is the case with today’s guest Tomáš Nesnidal.
Hailing from the Czech Republic, Tomáš starts today’s interview off by recounting the major event that changed the course of his life. It eventually led him to become a discretionary day trader, before finding circumstance turning his hand to fully automated trading.
These day’s he’s known in trading circles as “Mr Breakout”, on the back on the 1,500 breakout trading strategies he’s created.
Podcast Interview
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Interview Link
TheBreakoutTradingRevolution.com
BetterTraderAcademy.com
SystemsOnTheRoad.com
Recommended Books
The Breakout Trading Revolution by Tomáš Nesnidal
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Key Lessons
[28:14] You cannot just be one day here, the other day there, and the third day you’re completely out of place. You need to do this systematically.
[28:24] We need to be systematic. We need to conceptualize our approach.
[34:04] You could create absolutely phenomenal breakout strategy with one trading indicator only and that would be ATR (Average True Range).
[34:15] An Average True Range is a magnificent indicator which you can use to calculate the levels of your breakout.
[40:04] If you want a stable income, it’s all about combining strategies which at the end of the day will give you every future correlation.
[40:59] The Futures market is very easy compared to other markets to get favorable correlations.
