Podcast
Line Your Own Pockets
Hosted by Dave Mabe and Michael Nauss · EN
A weekly show for systematic traders who want to make more money from their trading strategies.
34episodes
Episodes
Newest firstAll episodes
When to Switch Trading Strategies
6d ago00:34:53Tap to summarizeIn this week's episode of Line Your Own Pockets, we discuss strategy diversification versus strategy hopping.One is productive; the other is not.Topics include:How to go deeper on strategies rather than hop from one to the nextBefore moving on from a strategy, document whyThorough notes about why you're moving on will make it easier to return to it in the future"This strategy doesn't work" is NOT a sufficient answer - you should be able to explain whyAnd much more... ---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!
Transcribe →Backtesting Without Stops?
2w ago00:46:59Tap to summarizeNo description available
Transcribe →What To Do During a Trading Drawdown
3w ago00:46:10Tap to summarizeIn this week's episode of Line Your Own Pockets, we follow up on last week's topic of trading drawdowns and discuss concrete things you can do when you're in one.We discuss:Even though you can't predict when they'll happen, that doesn't mean you can't prepare for drawdownsUpdate your data, rerun your backtests, and reconcile all live tradesSmall execution differences can cause large P&L gapsProfessional traders treat drawdowns as opportunities to improveAnd much more... ---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!
Transcribe →Why Drawdowns Break Traders (And How to Survive Them)
4w ago00:44:07Tap to summarizeEvery trader who has quit trading did so during a drawdown.In this episode of Line Your Own Pockets, we discuss this difficult topic and what you can do now to prepare.Topics include:Drawdowns are psychologically much harder than most traders expectThe biggest pain isn't the money - it's questioning whether your strategy actually has an edgeHaving only one strategy makes your identity more dependent on its successProgrammatic sizing rules help eliminate emotional decision-makingAnd much more...If you've never had a drawdown or aren't planning on having any more, then you can skip this one. :-)Otherwise... ---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!
Transcribe →The Best Trading Ideas We've Shared in 100 Episodes
Jul 600:48:07Tap to summarizeIn this week's episode of Line Your Own Pockets, we reflect on 100 episodes of the podcast. (!!)We compare the most popular episodes by downloads with those we think are most valuable.Michael and I independently came to the episode with a list of 3 episodes we thought were the best.I was shocked when we compared the lists!Whether you're new to the podcast or a veteran of LYOP, this is a good episode to learn which concepts we think are the most valuable to serious traders. ---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!
Transcribe →The Fastest Way to Find Your Next Trading Strategy
Jun 2900:40:30Tap to summarizeNo description available
Transcribe →Why Your First Trading Strategy Can Hold You Back
Jun 2200:43:31Tap to summarizeIn this week's episode of Line Your Own Pockets, we continue the recent series on the mindset of creating new strategies.This time, we focus on branching out from your first profitable strategy, after you've started creating variations of that first one.Topics covered:Why do even successful traders struggle to create a second strategy?Develop new strategies before you need themDaily review is key - it's non-negotiable for meStrategy two is hard, but the benefits of diversification start immediatelyAnd much more... ---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!
Transcribe →How to Add More Trades to Your Strategy
Jun 1500:50:21Tap to summarizeIn this week's episode of Line Your Own Pockets, Dave shares the exact steps he took to go from 300 trades a year to 3500 by backtesting and automating his trading system.We discuss:Moving down timeframes to add more tradesHow I added more trades but spent less time tradingHow backtesting changed everything for meMost strategies have more depth than traders realizeAnd much more... ---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!
Transcribe →From One Profitable Strategy to Two
Jun 800:44:59Tap to summarizeIn this week's episode of Line Your Own Pockets, we take on a listener question from Emmett on how to go from one profitable strategy to two.We discuss:How most traders never get to this point and whyDifferent approaches for strategy two - a variation of strategy one or completely different?It's easier to create a variation of strategy one - start going a mile deep rather than a mile wideWhy a related strategy makes senseHow much should you worry about correlation?And much more... ---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!
Transcribe →Follow Up on Interview with Garrett Drinon
Jun 100:38:12Tap to summarizeOn this week's episode of Line Your Own Pockets, we reflect on the recent interview with Garrett Drinon from last week.We discuss:Principles of elite performance span across different domainsProcess matters more than outcomesCopying others might work temporarily, being truly unique matters in the long runAdapting to changing markets is a skill you can developAnd much more... ---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!
Transcribe →