Desire To Trade Podcast | Forex Trading Tips & Interviews With Highly Successful Traders

460: What It Takes To Make A Living Trading Systematically - Pavel Kycek

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Synopsis

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 Pav