Tomas Nesnidal has been a full-time trader for over 11 years, specializing in automated algorithmic trading strategies.
He has experience with a number of trading styles, including option trading, spread trading, statistical arbitrage and market internals but in this episode we’re going to discuss one of his other specialties, breakout trading.
In our chat we discuss the key components of a breakout strategy and how to combine them to create profitable trading strategies. We also discuss the degradation of strategies over time, how to add new life into old strategies and why creative thinking is such an important aspect of successful trading.
In this episode we discuss
The benefits of trading breakout strategies and what makes a good breakout strategy
How to build profitable breakout strategies using 4 key components
The degradation of strategies over time and how to add new life into old strategies
Using filters to improve trading results
Adapting strategies to market conditions