Line Your Own Pockets

By Dave Mabe and Michael NaussBusiness Investing

Line Your Own Pockets episodes

August 17Small Changes for Big Results
In this week's episode of Line Your Own Pockets, we discuss how small changes to your routine can have big impacts on your trading.
Topics include:
Beware of doing something simply because "that's how you've always done it"
Find the most arbitrary assumption in your trading strategy and challenge it
How I recently changed a strategy I've traded for 20 years using this approach
It's good to "get your teeth kicked in" every once in a while
And much more...
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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!
40 min
August 10 All About Volatility Halts
50 min
August 03When to Switch Trading Strategies
In 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 next
Before moving on from a strategy, document why
Thorough 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 why
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!
35 min
July 27 Backtesting Without Stops?
47 min
July 20What To Do During a Trading Drawdown
In 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 drawdowns
Update your data, rerun your backtests, and reconcile all live trades
Small execution differences can cause large P&L gaps
Professional traders treat drawdowns as opportunities to improve
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!
47 min
July 13Why Drawdowns Break Traders (And How to Survive Them)
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!
45 min
July 06 The Best Trading Ideas We've Shared in 100 Episodes
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.

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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!
49 min
June 29 The Fastest Way to Find Your Next Trading Strategy
41 min
June 22Why Your First Trading Strategy Can Hold You Back
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!
44 min
June 15How to Add More Trades to Your Strategy
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!
51 min