Line Your Own Pockets

We talk with Marsten Parker who was highlighted in Jack Schwager's Market Wizard book series and the creator of the RealTest backtesting software.We discuss the process of creating trading strategies, adapting them over time, and completely reinventing yourself as a trader.Links:RealTest Backtesting SoftwareUnknown Market Wizards by Jack SchwagerDave's Free Email Course on Backtesting

How many monitors should you have?  What chart platform should you use?"A lot of indicators on a chart is a sign of mediocrity." -- DaveSoftware mentioned:Interactive BrokersAmibrokereSignalFree email course on backtesting

Trade-Ideas OddsMakerAmibroker RealTestQuantConnectMichael's RealTest Coding Helper: https://chatgpt.com/g/g-5AvG9XdDY-realtest-coding-helper

What is a regime filter and is it useful?That's the question we discussed on this episode - Michael and Dave have completely different approaches.Here are links to articles referenced in the episode:Why I Ignore The Overall Market When I TradeWhy I Avoid Overall Market Filters in StrategiesIs The Market Really More Likely To Continue As The Gap Is Bigger?

A listener asks how he can remove 30% of the trades he's taking in his trading strategy that he knows are hurting his results.Are you interested in Backtesting but don't know where to start? Learn the basics with Dave's free email course.

Many traders come to me with a single complaint - I wish I had more time to devote to my trading.It takes me back to my early days when I had the same thoughts!  It wasn't until several years of hindsight that I realized that having limited time for trading... is a good thing.We discuss why that is and how you can turn limited time into a positive force for your trading.Here's the original article we discussed in this episode: Can Limited Time for Trading Be - A Good Thing?Are you interested in Backtesting but don't know where to start? Learn the basics with Dave's free email course.

Dave and Michael discuss several ways to incorporate news into a technical trading strategy.

Dave and Michael discuss the implications of the research from the previous episode. If financial social media is so predictably wrong, how can traders use it?Should they use it at all?

In our first interview for the podcast, we talked with Dr. Seyed Kazempour about his paper called Finfluencers. It's a fascinating paper based on research on StockTwits. The conclusion? The more followers someone has on StockTwits, the worse their market predictions.We discuss the implications of this research for traders.Here's a link to the Finfluencers paper.Here's a link to Dr. Seyed Kazempour's website.

Dave discusses a turning point in his trading career when he realized his trading system wasn't as systematic as he thought. His discretion had drifted over time, changing how he approached trading from that point forward.