As traders gain experience, the problem shifts from not having enough ideas to having too many ideas competing for limited time and mental energy. Without a system, this abundance quickly becomes overwhelming and leads to paralysis or procrastination.
We discuss the ICE method - a simple scoring method to determine which ideas to work on first.
Spreadsheet Link https://docs.google.com/spreadsheets/d/1iWG87jZ7KiANQzH9O8KwgtRRl5Wcd60Q/edit?usp=sharing&ouid=112987133391354450813&rtpof=true&sd=true
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Before you go!
The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.
I hope to see you there!
In this week's episode of Line Your Own Pockets, we take on a topic submitted by Isaac, a trader I work with.
We discuss:
And much more...
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Before you go!
The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.
I hope to see you there!
We butt heads in this episode, arguing about the value of portfolio-level backtesting, one of the key feature differences between RealTest and Amibroker.
Is portfolio-level testing essential, or simply premature optimization?
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Before you go!
The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.
I hope to see you there!
We discuss:
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Before you go!
The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.
I hope to see you there!
We discuss:
This is a great example of the platitudes you often hear from people who are good at talking about trading, but don't actually trade.
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Before you go!
If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course.
I hope to see you there!
You didn't get a fill on your original entry. The trade would have been profitable for a bit, then it comes back to your original entry price. Do you take the trade? We go in-depth, answering this common dilemma.
Here's the original article Dave wrote on this topic.
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Before you go!
If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course.
I hope to see you there!
Michael and Dave discuss NASDAQ's initiative to tokenize all securities and the implications for traders. They discuss:
And much more...
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Before you go!
If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course.
I hope to see you there!
We've got news for you - there's nobody who cares enough about your stops to go "hunting for them."
And getting stopped out by a penny is frustrating, but it's actually a good sign.
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Before you go!
If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course.
I hope to see you there!
In this episode, we tackle this popular question. Dave polled several traders he coaches and got some surprising answers.
What's your take?
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Before you go!
If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course.
I hope to see you there!
In this episode, we discuss the best way to use alternative data in your backtest.
Other episodes mentioned: Using News in Your Trading Strategy
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Before you go!
If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course.
I hope to see you there!
In this episode, Dave discusses a conversation he had with John M. from SMB Trading and his unique approach to taking a strategy live.
We discuss:
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Before you go!
If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course.
I hope to see you there!
Follow-up discussion on quant and discretionary trader collaboration.
We discuss:
Related episode:
Mike Bellafiore and Nick Coutrakon from SMB Capital on Trading Teams
Creating a Trusted Trading Group
Books mentioned:
Give and Take by Adam Grant|
The Go-Giver by Bob Burg and John David Mann
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Before you go!
If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course.
I hope to see you there!
Mike Bellafiore and Nick Coutrakon join the podcast to continue a discussion Mike had with Dave on the makeup of trading teams at SMB Capital, a proprietary trading firm in NYC.
What's the best way to include a quantitative trader in a discretionary trading team?
Are you a profitable trader but hesitant to automate your trades?
In this episode, we discuss multiple steps to take towards having a computer make trades without fully automating.
We discuss 4 different variations of a strategy that Dave is deciding between and the thought process for doing so.
Lessons learned from buying a new trading computer.
More discussion on buying power and running out of it might be a good thing.