Guest Appearance on the SMB Podcast and Upcoming IBKR Webinar
By Dave Mabe
Garrett and Tim (long-time list members) had me on the SMB Podcast several days ago to talk about backtesting, automated trading, and a wide range of topics.
Here are the show notes:
In this episode of the Trading Floor podcast, we dive into the essential process that every trader must understand to avoid failure in their trading strategy. Host Garrett and co-host Tim engage with expert Dave Mabe, who emphasizes the importance of backtesting and developing a solid strategy. Viewers will learn the significance of taking ownership of their trading, optimizing strategies through data analysis, and the art of skipping bad trades, making this video a must-watch for active and day traders looking to enhance their execution and decision-making skills.
00:00 Why Most Traders Get the Same Results (and Why Some Don’t)
02:10 Dave Mabe’s Journey: From Discretionary to Fully Systematic
05:00 Strategies Don’t Need to Be Unique to Be Profitable
08:45 Optimization Is the Real Edge
11:20 Why You Must Build Your Own Strategy
13:45 How Dave Finds New Strategy Ideas
16:00 Turning Losing Trades into New Strategies
18:00 Backtesting as a Truth Serum
22:15 Why Your First Backtest Should Cast a Wide Net
27:00 Can You Cast the Net Too Wide?
31:00 Strong Signals vs Wide Exploration
37:40 The Power of a Column (Indicator) Library
44:05 If You Could Only Use 3 Indicators Forever
59:00 Profit Targets, Partial Profits, and What the Data Says
01:12:10 The Billboard Message Every Trader Needs to Hear
Thanks, Garrett and Tim - that was a lot of fun.
Sharing is caring!
If you enjoyed this episode, please consider sharing it with a few friends who might find it useful. Thanks!
-Dave
P.S. Interactive Brokers is having me on another webinar this Thursday at 2pm ET. The title is Create Your Own Trading Strategy without Curve Fitting. Note that even if you aren't able to attend, you'll be able to view a recording afterwards if you register: