3 Biggest Lessons from Chart Trader to Algo Hedge Fund Manager - Tomas Nesnidal

In this episode, our guest is breakout trading specialist and Hedge Fund manager Tomas “Mr Breakouts” Nesnidal. In our discussion Tomas shares the 3 biggest lessons from his start in discretionary chart trading up to breakout trading mastery, plus some interesting stories along the way (like the trading tips he learnt from a CIA agent!) Packed with practical tips, eye-opening insights and interesting stories, this is a must-listen for anyone looking to up their trading game. Tomas's story is one you don't want to miss. Key Points: - Transition from Discretionary to Algorithmic Trading - The Role of Lifestyle in Trading Choices - Exploring Breakout Trading Strategies - Incorporating Robustness Testing in Trading - The Importance of Exit Strategies over Entries - Developing a Successful Trading Model - Influence of Mentors in Trading Development - And Much More. 👉 👉 👉 Want to see Tomas create a breakout strategy (and get the code too)? Go here (it’s free): https://go-bst.com/mini-course Next Steps: 👉 Ready to level up your trading game? Hit the subscribe button for more insightful episodes like this. Share your thoughts in the comments below and let's keep the conversation going. Don't forget to like and share this episode with fellow trading enthusiasts! ❓Want weekly trading insights, expert interviews, Sunday Summaries and more❓ Join the free Better System Trader newsletter📰: https://bettersystemtrader.com/newsletter ⭐⭐⭐ Support The Channel ⭐⭐⭐ ☕ Buy Me a Coffee: https://buymeacoffee.com/bettersystemtrader Chapters: [00:00] Start of Systematic Trading [01:12] Background on Previous Podcasts [02:11] Beginning of Algorithmic Trading Journey [03:26] Transition to Discretionary Trading [04:41] Challenges of Trading While Traveling [05:17] Influence of a Trading Buddy [06:32] Balancing Life and Trading [07:43] The Role of Money in Trading [09:24] Consideration of Trading Style Adjustment [10:37] Experiences in Option Trading [11:48] Shift Towards Automated Trading [13:10] Catalyst for Algorithmic Trading [14:55] Discovering Personal Trading Style [16:09] Strengths and Preferences in Trading [17:56] Discovery of Breakout Trading [19:05] Exploring Different Trading Concepts [20:22] Influence of Discretionary Trading [22:28] Developing Profitable Models [23:52] Conceptualizing a Universal Trading Model [25:35] The Importance of a Trading Model [27:34] Model as a Blueprint [29:20] Efficiency of the Model [32:03] Focusing on Robustness Testing [33:30] Liberating from Rationalizing Strategies [35:27] Free Mini Course on Breakout Trading [37:03] Impact of Mentors and Peers [38:20] Story of CIA Agent Mike, a Major Influence [40:18] Lessons in Risk Management and Trade Management [42:33] Final Checks on Strategy Selection [45:05] Exit Strategies in Trading [47:40] Incorporating Reward-Risk Ratios [50:21] Final Thoughts on Trading [53:05] Closing Remarks and RecommendationsChapters: [00:00] Start of Systematic Trading [01:12] Background on Previous Podcasts [02:11] Beginning of Algorithmic Trading Journey [03:26] Transition to Discretionary Trading [04:41] Challenges of Trading While Traveling [05:17] Influence of a Trading Buddy [06:32] Balancing Life and Trading [07:43] The Role of Money in Trading [09:24] Consideration of Trading Style Adjustment [10:37] Experiences in Option Trading [11:48] Shift Towards Automated Trading [13:10] Catalyst for Algorithmic Trading [14:55] Discovering Personal Trading Style [16:09] Strengths and Preferences in Trading [17:56] Discovery of Breakout Trading [19:05] Exploring Different Trading Concepts [20:22] Influence of Discretionary Trading [22:28] Developing Profitable Models [23:52] Conceptualizing a Universal Trading Model [25:35] The Importance of a Trading Model [27:34] Model as a Blueprint [29:20] Efficiency of the Model [32:03] Focusing on Robustness Testing [33:30] Liberating from Rationalizing Strategies [35:27] Free Mini Course on Breakout Trading [37:03] Impact of Mentors and Peers [38:20] Story of CIA Agent Mike, a Major Influence [40:18] Lessons in Risk Management and Trade Management [42:33] Final Checks on Strategy Selection [45:05] Exit Strategies in Trading [47:40] Incorporating Reward-Risk Ratios [50:21] Final Thoughts on Trading [53:05] Closing Remarks and Recommendations 🎓🎓🎓 MORE TRADING EDUCATION & CONTENT FROM BST/BTA 🎓🎓🎓 ► Better System Trader website: https://bettersystemtrader.com ► Interviews With Pro Traders: https://interviewswithprotraders.com ► The Breakout Trading Revolution: https://thebreakouttradingrevolution.com ► Smashing False Breakouts: https://smashingfalsebreakouts.com ► Trading Market Internals: https://tradingmarketinternals.com ► DPS Trading Technique: https://dpstradingtechnique.com Disclaimer: Trading in the financial markets involves a substantial risk of loss. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice.