The main types of traders explained, what actually defines each one, and how to work out which trading style fits your personality, objectives and lifestyle.
Adrian Reid
Adrian is a full-time private trader based in Australia and also the Founder and Trading Coach at Enlightened Stock Trading, which focuses on educating and supporting traders on their journey to profitable systems trading. Following his successful adoption of systematic trading which generated him hundreds of thousands of dollars a year using just 30 minutes a day to manage his system trading workflow, Adrian made the easy decision to leave his professional work in the corporate world in 2012. Adrian trades long/short across US, Australian and international stock markets and the cryptocurrency markets.
His trading systems are now fully automated and have consistently outperformed international share markets with dramatically reduced risk over the past 20+ years.
Adrian focuses on building portfolios of profitable, stable and robust long term trading systems to beat market returns with high risk adjusted returns. Adrian teaches traders from all over the world how to get profitable, confident and consistent by trading systematically and backtesting their own trading systems. He helps profitable traders grow and smooth returns by implementing a portfolio of trading systems to make money from different markets and market conditions.
Mean Reversion vs Trend Following: Which Fits You?
Mean reversion and trend following compared: how each behaves in different markets, their win rate and drawdown profiles, and why systematic traders run both.
Position Trading: The Complete Guide for Stock Traders
Position trading explained: how it compares to swing and day trading, how it works with end-of-day systems, and how to tell whether it suits your schedule.
How to Backtest a Trading Strategy: Step-by-Step
How to backtest a trading strategy step by step: define objective rules, choose data and software, read the key metrics, and stress-test before risking money.
Stock Trading Courses in Australia: How to Choose
How to choose a stock trading course in Australia: what a course should teach, what AFSL licensing means for you, and the questions to ask before enrolling.
Jim Simons: Lessons From a Systematic Trading Legend
Who Jim Simons was, how Renaissance Technologies and the Medallion Fund worked, and what systematic traders can and cannot take from the greatest quant record.
Risk Of Ruin Calculator | Free Monte Carlo Tool For Traders
Most risk of ruin calculators assume your trades happen one at a time and have nothing to do with each other. Real portfolios hold several correlated positions at once. This one models that, and the difference is usually large.
Risk Of Ruin In Trading: Why The 2% Rule Fails
Risk of ruin is the probability your account falls to a level you cannot recover from before your edge pays you. Here is what 100,000 simulated accounts show about position sizing, and why the 2% rule is weaker guidance than it looks.
Trading Psychology Books: 9 Worth Reading (And 1 Warning)
I have read more than 150 trading books. Maybe 5 to 10 genuinely changed how I trade, and most of the psychology ones did not make that list. Here are the 9 worth your time, and the one problem none of them solve.
The Hedge Fund Graveyard: 62 Blow-Ups in 20 Years and What They Teach You
Every major hedge fund blow-up from 2005 to 2026 classified by cause. 62 funds, five charts, and the risk lessons every private trader should take from them.
Sharpe Ratio Explained: What It Tells a Systematic Trader (and 4 Things It Hides)
The Sharpe ratio is the finance industry’s favourite risk metric, and it quietly misleads traders. Here is what it measures, what a good value is, and the four things it hides, plus the drawdown-based metrics that tell you more.
What Is a Trading Edge? A Systematic Trader’s Complete Guide
Most traders think they have an edge. Almost none can prove it. A real trading edge is a backtested, positive-expectancy advantage that lives in your rules – here is what it is, where it comes from, and how to quantify it.