Every 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 expect
• The biggest pain isn't the money - it's questioning whether your strategy actually has an edge
• Having only one strategy makes your identity more dependent on its success
• Programmatic sizing rules help eliminate emotional decision-making

And 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!

In 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!

In 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 them
• Daily review is key - it's non-negotiable for me
• Strategy two is hard, but the benefits of diversification start immediately

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!

In 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 trades
• How I added more trades but spent less time trading
• How backtesting changed everything for me
• Most strategies have more depth than traders realize

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!

In 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 why
• Different 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 wide
• Why a related strategy makes sense
• How 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!

On 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 domains
• Process matters more than outcomes
• Copying others might work temporarily, being truly unique matters in the long run
• Adapting to changing markets is a skill you can develop

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!

In this episode of Line Your Own Pockets, Dave shares two new tools to download and manage market data for backtesting and creating profitable trading strategies.

Both of these tools are available for free in the Free Tools section of my website. (More free tools coming soon.)

Michael and I discuss the motivation for creating these.

Topics covered:

• Traditional IQFeed/AmiBroker backfill workflows can silently corrupt your database
• The tools use CSV files plus incremental updates for reliability and speed
• The Massive/Polygon version automatically includes delisted stocks and splits
• An idea for a reverse split trading strategy using these tools

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!

In this week's episode of Line Your Own Pockets, we discuss the touchy subject of delisted stocks. In this "spirited" discussion, Michael and I agree on the concept of survivorship bias, but disagree on how important it is.

Topics covered:

• What is survivorship bias, and how does it affect trading strategies
• What types of strategies are more vulnerable
• When it makes sense to include delisted symbols in your backtest
• Deciding whether including them is a form of "requiring perfect data."

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!