Michael Nauss
Appears in 58 Episodes
Mike Bellafiore and Nick Coutrakon from SMB Capital on Trading Teams
Mike Bellafiore and Nick Coutrakon join the podcast to continue a discussion Mike had with Dave on the makeup of trading teams at SMB Capital, a proprietary trading fi...
Baby Steps Towards Automating Your Trades
Are you a profitable trader but hesitant to automate your trades?In this episode, we discuss multiple steps to take towards having a computer make trades without fully...
Which Version of This Strategy Is Best?
We discuss 4 different variations of a strategy that Dave is deciding between and the thought process for doing so.
Choosing a Trading Computer
Lessons learned from buying a new trading computer.
How to Trade When Traveling
Remote desktop solution mentioned:RustDeskTailScale
Running Out of Buying Power - Part 2
More discussion on buying power and running out of it might be a good thing.
Running Out of Buying Power - A Good Thing?
Is running out of buying power... actually good?Here's the graph of buying power mentioned in the episode:Is Running Out of Buying Power A Good Thing?
Deep vs. Wide: Two Paths to Trading Profits
How many trades should your strategy take and how profitable should each one be?There are two distinct approaches to answering this question, and most profitable trade...
Symbol Lists in Strategies - Yes or No?
Should you restrict your strategy to trade a certain list of symbols?In a surprisingly heated debate, Michael and Dave discuss this topic and different reasons for eac...
Looking at P&L (Your's or Some Else's) Is Toxic
Looking at your P&L while you're trading is toxic. This also applies when looking at someone else's results - perhaps even more so.
Your Backtest Looks Great - What Could Possibly Go Wrong?
Be wary when going from backtest to live trading. You're at peak optimism, and if you're not careful, disappointment awaits.In this episode, we discuss all the ways a...
When is your Strategy Good Enough?
How to get out of backtest world and make the next steps to get your strategy live.
The Key to Backtesting: Your Library of Columns
The second episode in our series on creating profitable strategies using backtesting.We review:How most traders backtest the wrong wayHow to add columns to your backte...
You're Probably Backtesting Wrong
The first episode in a mini-series on how to create a trading strategy using backtesting.
How Real Traders Use AI to Trade
We discuss Dave's recent experience using ChatGPT to create the Strategy Cruncher, a tool for optimizing your trading strategies.Prediction market for who will have th...
What Metric Should You Be Optimizing For?
Every trader has an opinion on what the perfect metric is to evaluate a strategy and to optimize on.We discuss our favorites and why.
How Far Back Should Your Backtest Look Good?
"If your backtest looks great for the last 3 months, why do you care what it looked like before that?"A trader Dave started coaching recently asked this question. The ...
What to Prioritize
You've got a lot of ideas, each requiring a certain amount of work. How do you decide what trading ideas are likely to pan out?Improving an existing strategyCreating ...
Why Not Automate Your Trades?
We discuss the most common objections traders have to using automation and how to get over the hump.
Learning From Top Performers
A follow-up on our previous interview with Jared Tendler where we go deeper into:the role of optimism in tradingpoker and tradinglearning from top performers in non-tr...