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.
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.
The second episode in our series on creating profitable strategies using backtesting.
We review:
The first episode in a mini-series on how to create a trading strategy using backtesting.
