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

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

Author: Etienne Crete June 25, 2024 Duration: 48:22

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 Pavel's thoughts on take profits
  • 25:07 Determining the kind of time stop for your trade
  • 26:51 Common mistakes people make in trading
  • 29:53 Is trading a zero-sum game?
  • 30:53 Staying long-term in the market
  • 32:20 How Pavel built his team for systematic trading
  • 34:45 Transitioning to trading other people's capital
  • 37:05 Insights on getting out during a drawdown
  • 38:19 On turning off and adding new strategies
  • 41:28 Expectations and risks in crypto and stock trading
  • 45:54 How long will it take for crypto to be less volatile?
  • 47:24 Where to find Pavel Kycek?
  • and much more

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Hosted by Etienne Crete, the Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders is a deep and practical resource for anyone serious about the foreign exchange market. This isn't about hype or quick tips; it's a focused exploration of the mindset, strategies, and daily habits that separate consistently profitable traders from the rest. Each episode features candid conversations with proven traders from diverse backgrounds, dissecting their real-world experiences, toughest losses, and most valuable breakthroughs. You'll hear detailed discussions on analysis techniques, risk management psychology, and building a sustainable trading business. Etienne guides these interviews with a clear purpose: to extract actionable lessons you can apply directly to your own charts and decision-making process. The podcast operates from a core belief that trading mastery is a skill built through education and disciplined practice, leading to greater independence. Whether you're refining your system or just starting out, these conversations provide the nuanced insights and hard-won wisdom rarely found in textbooks or online forums. Tune in for a straightforward, no-fluff dialogue about what it truly takes to navigate the markets with more confidence and control.
Author: Language: English Episodes: 100

Desire To Trade Podcast | Interviews with Highly Successful Traders
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