Millionaire Trader developed his QUANT TRADING ALGORITHM

0:00 Intro to Evan Schunk
3:45 Evan's trading style
6:47 The start of data tracking
10:02 Strategies backed by data
13:29 Short vs Long Trading
15:10 Backtesting process
18:45 Trading partner
22:10 Data & patterns
26:54 Inside his algorithms
30:14 Risk reward
36:37 System set up
40:39 Biggest wings & losses
42:46 Daily routine
53:05 Tips for beginner traders

Evan Schunk started day trading just like most of us, using a discretionary trading approach. Discretionary trading generally refers to reading the sentiment, price action, and tape of the stock, and using those information to try to get a pulse of its movement. However he discovered systematic trading with algorithms, and there was no more turning back for Evan!
Systematic trading defines concrete rules for the strategy, including entries, exits, stoploss and stock criteria. By using algorithms to execute his system, Evan is able to leave his emotions and manual execution out of the trading process during market hours.
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.

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