Line Your Own Pockets

The second episode in our series on creating profitable strategies using backtesting.We review:How most traders backtest the wrong wayHow to add columns to your backtestWhat columns make the most senseHow your "library of columns" gets more and more valuable over time

The first episode in a mini-series on how to create a trading strategy using backtesting.

Dive into the world of AI in trading, featuring innovative tools like the Strategy Cruncher powered by ChatGPT. Discover how traders optimize strategies and navigate a landscape filled with evolving AI tools. Gain insights into personalized trading approaches and the importance of visual aids. Hear personal stories about the transformative impact of AI on trading efficiency and coding challenges. The discussion also highlights the significance of foundational knowledge amidst the rapid advancements in technology.

Every trader has an opinion on what the perfect metric is to evaluate a strategy and to optimize on.We discuss our favorites and why.

"If your backtest looks great for the last 3 months, why do you care what it looked like before that?"A trader Dave started coaching recently asked this question. The answer cuts to the core of why most traders give up on a trading strategy and end up quitting trading altogether.The Spurious Correlations website that was mentioned in the podcast.

You've got a lot of ideas, each requiring a certain amount of work.  How do you decide what trading ideas are likely to pan out?Improving an existing strategyCreating a new strategyRelated workflow tasksThe ICE Method

We discuss the most common objections traders have to using automation and how to get over the hump.

A follow-up on our previous interview with Jared Tendler where we go deeper into:the role of optimism in tradingpoker and tradinglearning from top performers in non-trading fieldsA chart of earnings season:https://www.davemabe.com/earnings-season/

This week, we interviewed Jared Tendler, a mental coach for traders, poker players, and golfers. Jared has written several books, including The Mental Game of Trading.This was a wide-ranging interview where we discussed:The mental side of systematic tradingHow poker and trading are similar and differentWhat traders can learn from top performers in other fieldsFind more info about Jared on his website: https://jaredtendler.com/

When the market is raging in a way that's far out of the ordinary, should you turn your strategies off?  Or let it be business as usual?  We discuss the things to consider.