Adapt or Perish- Systems of a Former Discretionary Trader

Hi !

As we close out the 2024 year, I’m excited to share with you an insightful interview with a systematic trader, Huddie.

In this podcast, Mike Hudson, an experienced trader with nine years of experience, discusses his systematic approach to day trading. Huddie focuses on short-selling small-cap stocks that have significant overnight price gaps - this is a strategy known as the “gap and crap”.

Huddie shares his evolution from early struggles to achieving consistency by mastering one strategy. He talks extensively about his data tracking process, backtesting, and finally, transitioning from fully discretionary to systematic trading.

4 Key Takeaways You’ll Learn from this Interview:

1. Huddie's Proven Trading Strategy: How to systematically trade small-cap gappers and achieve consistent profits by focusing on low win rate but high-risk reward setups.

2. Data Tracking & Risk Management: His practical approach to managing risk, tracking statistics and profit projections, and finally, sticking to his data-driven strategies.

3. Adapting to Market Changes: How he transitioned his focus from OTC markets to listed Nasdaq stocks and evolved his trading strategies to remain profitable.

4. Tips for New Traders: Practical advice on mastering one pattern, tracking trades, and ignoring distractions to achieve consistency.

Watch the full interview here.