Short YouTube video (Adrian Reid) warning that traders who rely on strategies tuned to a single market regime risk becoming "extinct"; advocates building either robust systems that work across regimes or multiple systems tuned to different market conditions and learning to design and back-test trading systems. Includes a call-to-action inviting viewers to comment for help.
Have you been to the zoo and read all about the animals that are endangered and animals that become extinct and all that? It's really sad. The San Diego Zoo. I'm here just on the cable car right now doing an amazing job of helping to repopulate and protect animals. Walking around looking at all of the animals that are endangered, it kind of reminds me of traders who are not able to adapt to the changing market conditions. One of the big challenges that we face as traders is that market conditions change all the time. And one of the biggest mistakes that you can make is using an approach which is only suited to a very particular set of market conditions. If you do that, your profits are endangered. Your survival as a trader, you're endangered as a species. Because in order to survive, you need to be able to make money across a wide range of different market conditions. So that means a couple of things. Either you have a trading system which is really robust and stable and manages to make some money over all market conditions, which is actually really tough because, you know, markets go up and markets go down, or the other thing that you can do is have a number of different trading systems that each profit from different types of market conditions. You know, smooth trending markets, volatile sideways markets, declining markets. And the skill that you need in order to develop those different trading systems is the ability to back test and design your own trading systems. So again, one of the biggest mistakes that traders make is not having systems or approaches that are profitable in different market conditions. If that's you, then you need to learn how to design and back test your own trading systems so that you can develop systems that profit from different market types, different types of market conditions, so that you're not endangered as a trader, so that your profitability is not endangered. Because the last thing you want to do is become one of those extinct traders. There's enough traders who have blown up in the this world. You don't need to be one of them. And the solution is just to develop is simply to develop trading systems that profit from different market conditions. If you need help to develop trading systems and you need to get into the trader success system, comment below and let me know how you're going with your trading. If you need help to develop your own trading systems or learn how to build trading systems for different types of market conditions, comment below. Comment Trading systems and I'll help you out. So again, the biggest mistake traders are making that I see is they're not using trading systems, or they have a trading system or approach which is too precisely tuned to one set of market conditions. So my name is Adrian Reid. This is Enlightened Stock Trading. And I'm going to go finish enjoying the San Diego Zoo. We get off the cable car in just a minute and finish showing the kids around. So I'll see you in the next video. Bye for now.
