What It Takes To Make A Living Trading Systematically 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 What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group! How to find Pavel Kycek robuxio.com/explainer Twitter: @pkycek What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!