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059: Reducing Drawdowns with Scott Phillips

Better System Trader

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How to Choose a Stop Loss Target for a Trading System

If i see a system that works daily charts, but not weekly charts outside, that's more likely to be a system that's not what i call not robust. I only get out the calculator and yono work out the exact oukno exact tick if it looks really linable. Because at the moment i'm looking for really rapid prototyping. I pick random price action am im, you know, what a qua would call out of sample data. And  I just crouch, cross hatch, out wing, loseo a drawe until i've got a hundred tries or so. A hundred tris is not a sta statistically significant sample o enough to get any

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