You're trading a strategy - you're comfortable with the number of trades. And then BOOM - one day the entire market is moving and your system generates 10x the number of trades it normally does. How do you react? Michael and I discussed the first time this happened to me and how best to respond to prepare for the next time. --- 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 backte...
Apr 07, 2025•45 min•Ep. 35
Do you let the quest for perfection get in the way of trading success? It's more common than you might think. We discuss where this tendency comes from and how to let go of it to make progress in your trading. "From the surface, every rabbit hole looks like a pile of money." - Dave Here's a link to the book Michael mentioned: Golf Is Not A Game Of Perfect The Monkey Trap via Robin Hanson. --- Before you go! The next time you find yourself in a drawdown, I want you to stop what you're doing and h...
Mar 31, 2025•42 min•Ep. 34
When you're trading part-time and doing well, your trading can seem almost like a video game. Here's actionable thing I tell the traders I coach to do that keeps them motivated to improve even when their trading is going great. --- 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!...
Mar 24, 2025•25 min•Ep. 33
Mar 17, 2025•35 min•Ep. 31
If there's one thing profitable traders do consistently, it's keeping track of their results. Winners keep score! We discuss the do's and don't's of journaling and the things you can safely skip because they're a waste of time. --- 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!...
Mar 10, 2025•48 min•Ep. 32
Just because you CAN automate doesn't necessarily mean you SHOULD automate it. --- 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!
Mar 03, 2025•33 min•Ep. 30
Feb 24, 2025•32 min•Ep. 29
Book on Kelly Criterion: Fortune's Formula --- 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!
Feb 17, 2025•46 min•Ep. 28
You finally have a serious trading edge. And you know it. How should you think about sizing up? --- 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!
Feb 10, 2025•43 min•Ep. 27
Dave's article on partial profits: Should You EVER Take Partial Profits? Dave's Strategy Corner monthly column at TASC Magazine Social Desirability Bias - why bad ideas get traction Best Loser Wins - book recommendation from Michael --- 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!...
Feb 03, 2025•32 min•Ep. 26
Several months ago, Dave decided to leave Trade-Ideas to focus on trading and coaching. Dave discusses why he left, making big decisions, and focusing on trading. --- 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!
Jan 27, 2025•27 min•Ep. 25
Dave discussed a mistake one of his coaching clients made, how he responded to it, and the changes to his trading process as a result of it. We discuss the critical pieces of your coding workflow that most traders overlook as well as a novel use of Trade-Ideas and Amibroker to create a very efficient trading workflow. --- 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 ...
Jan 20, 2025•40 min•Ep. 24
Books mentioned: Give and Take by Adam Grant Never Eat Alone by Keith Ferrazzi The Art of Gathering by Priya Parker --- 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!...
Jan 13, 2025•36 min•Ep. 23
Links mentioned in this episode: Brett's drawdown in the 80's: After a Devastating Loss Brett's Traderfeed Blog: https://traderfeed.blogspot.com/ Brett's Books: The Psychology of Trading Enhancing Trader Performance The Daily Trading Coach Trading Psychology 2.0 (Coming soon!) Positive Trading Psychology (title tentative) --- 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 backtest...
Jan 06, 2025•46 min•Ep. 22
There are big changes on the trading horizon as 24-hour trading is becoming more and more a reality. We discuss how this will affect the markets, what cues we'll be looking for to capitalize on it, and just how important these changes really are. --- 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!...
Dec 30, 2024•39 min•Ep. 21
In a follow-up to last week's interview with Marsten Parker, Dave and Michael discuss the key to being successful for a long period: adapting. Whether successful traders realize it or not, they'll eventually have to completely reinvent what they do to stay relevant. Annie Duke's book Quit: The Power of Knowing When To Walk Away . --- 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 ...
Dec 23, 2024•34 min•Ep. 20
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 Software Unknown Market Wizards by Jack Schwager Dave's Free Email Course on Backtesting --- Before you go! The next time you find yourself in a drawdown, I want you to stop what you're doing and ...
Dec 16, 2024•55 min•Ep. 19
How many monitors should you have? What chart platform should you use? "A lot of indicators on a chart is a sign of mediocrity." -- Dave Software mentioned: Interactive Brokers Amibroker eSignal Free email course on backtesting --- 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!...
Dec 09, 2024•35 min•Ep. 18
Trade-Ideas OddsMaker Amibroker RealTest QuantConnect Michael's RealTest Coding Helper: https://chatgpt.com/g/g-5AvG9XdDY-realtest-coding-helper --- 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!...
Dec 02, 2024•45 min•Ep. 17
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 Trade Why I Avoid Overall Market Filters in Strategies Is The Market Really More Likely To Continue As The Gap Is Bigger? --- 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 betterbacktest...
Nov 25, 2024•38 min•Ep. 16
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 . --- 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!...
Nov 18, 2024•31 min•Ep. 15
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 ...
Nov 11, 2024•33 min•Ep. 14
Dave and Michael discuss several ways to incorporate news into a technical trading strategy. --- 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!
Nov 04, 2024•35 min•Ep. 13
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? --- 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!...
Oct 28, 2024•30 min•Ep. 12
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 . --- Before you go! The next time you find yourself in a drawdown, I want you to sto...
Oct 21, 2024•46 min•Ep. 11
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. --- 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!...
Oct 14, 2024•35 min•Ep. 10
How do you decide what to work on next in your trading? How do you know what's likely to actually improve your results? Dave and Michael discuss a framework for prioritizing strategy development work given your limited time and resources. --- 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!...
Oct 07, 2024•34 min•Ep. 9
Dave and Michael discuss their processes for recording trading ideas and the software each of them use. --- 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!
Sep 30, 2024•36 min•Ep. 8
Dave and Michael discuss their systems for coming up with strategy ideas. Successful traders aren't born with the ability to come up with good ideas. They create a process that they follow day in and day out to notice unusual patterns in the markets that can eventually be turned into profitable strategies. --- 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...
Sep 23, 2024•28 min•Ep. 7
Michael and Dave discuss the advantages and disadvantages to paper trading a strategy before trading it live. --- 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!
Sep 16, 2024•23 min•Ep. 6
