art collinsFrom Chicago, United States, Art is a veteran trader with over 30 years experience. A former blackjack expert, he turned to trading and became profitable after hearing a Jake Bernstein and Larry Williams lecture.

It took Art 5-6 years to start trading profitably after becoming a 100% mechanical trader.

In his time Art has written three well regarded trading books and these day spends most of its time researching systems or trading the smaller timeframes.

In the show Art shares:

  • A very effective trading strategy that netted over 800% in the last 10 years
  • The secret to the turning point in his trading
  • Why he turns off the screens at noon
  • Why fundamental analysis means nothing for a mechanical trader
  • How to hone your trading skills

Interview

73: Art Collins - Mechanical Trader on 30 Years of Success After Larry Williams Lecture
00:00:00 00:00:00

Recommended Book

Market Wizards, Updated: Interviews With Top Traders by Jack D. Schwager
Trading as a Business by Charlie F. Wright
The Evaluation and Optimization of Trading Strategies by Robert Pardo
Beating the Financial Futures Market: Combining Small Biases into Powerful Money Making Strategies by Art Collins
Google search “Bruce Babcock”

Interview Links

ArtCollinsTrading.com

Broker & Platform

Tradestation

Key Lessons

  • Most reliable trades are the ones that happen early on
  • Trading is a numbers game
  • Trading is a result of a constant evolving process
  • Numbers can be deceptive
  • Learn to be realistic
  • Find a balance in your life
  • Don’t be emotional
  • Know yourself
  • Find something that fits you and follow it strictly
  • Markets drift, systems drift
  • Constantly fight impulses
  • If you know something will work, why not use it?

Art’s Trading

  • Art trades now the S&P 500, Russel, Nasdaq and the mid-cap index
  • Looks at daily averages but picks entry from the 5-minute chart
  • Takes about 100 trades/week
  • He can have up to five open trades simultaneously
  • Risks about $150 per trade
  • Losers can be taken in a matter of seconds
  • He takes time-linked trades combined with momentum

Art’s Strategy of the Week


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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES, OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES, ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL, OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM, WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

At all times any and all information on, or product purchased from, this website, is for educational purposes only and is under no circumstance intended to provide financial advice. No guarantee is represented from any statements about profits or income, whether express or implied. As no trading system is guaranteed, your actual trading may result in losses. You will at all times accept the full responsibilities for all of your actions, including, but not limited to, trades, profit or loss. You agree to hold 52traders.com, Ziba Online Limited, the site's legal owners, AT and any authorized distributors of this information at all times harmless in any and all ways. By using our product(s) this constitutes your acceptance of our user agreement.

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CFTC - U.S. Government Required Disclaimer:

Forex, futures and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. Our website, product contents, and materials are neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our website or in any materials. The past performance of any trading system or methodology is not necessarily indicative of future results. Substantial risk is involved. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets.

Don't trade with money you can't afford to lose. Nothing in our course or any materials or website(s) shall be deemed a solicitation or an offer to Buy/sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Trading involves high risks and you can lose a lot of money.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.