Line Your Own Pockets

We discuss 4 different variations of a strategy that Dave is deciding between and the thought process for doing so.

Discover the trials of transitioning to a new trading computer, highlighting tips for outsourcing technical tasks to boost trading focus. Hear the importance of backup plans to address unexpected failures and how to navigate the balance between off-the-shelf and custom solutions. Experience the frustration of technical difficulties during recording and the necessity of reliable tech support. Finally, learn key considerations for optimizing your trading setup, including essential specs and creating streamlined processes for efficiency.

Remote desktop solution mentioned:RustDeskTailScale

More discussion on buying power and running out of it might be a good thing.

Is running out of buying power... actually good?Here's the graph of buying power mentioned in the episode:Is Running Out of Buying Power A Good Thing?

How many trades should your strategy take and how profitable should each one be?There are two distinct approaches to answering this question, and most profitable traders fall into one camp or the other.

Should you restrict your strategy to trade a certain list of symbols?In a surprisingly heated debate, Michael and Dave discuss this topic and different reasons for each approach.

Looking at your P&L while you're trading is toxic.  This also applies when looking at someone else's results - perhaps even more so.

Be wary when going from backtest to live trading.  You're at peak optimism, and if you're not careful, disappointment awaits.In this episode, we discuss all the ways a live trading can fall short of your backtest and what you can do about it.

How to get out of backtest world and make the next steps to get your strategy live.