Michael Nauss
Appears in 63 Episodes
Stopped Out by a Penny? Good.
We've got news for you - there's nobody who cares enough about your stops to go "hunting for them."And getting stopped out by a penny is frustrating, but it's actually...
Is Trading Gambling?
In this episode, we tackle this popular question. Dave polled several traders he coaches and got some surprising answers.How much is trading like, say, poker, or somet...
Using Alternative Data in a Backtest
In this episode, we discuss the best way to use alternative data in your backtest.What is alternative data and how can you use it in a strategy?Examples of alternative...
A Different Way to Go Live
In this episode, Dave discusses a conversation he had with John M. from SMB Trading and his unique approach to taking a strategy live.We discuss:John's 35+ strategies ...
Follow Up On Quant/Discretionary Collaboration
Follow-up discussion on quant and discretionary trader collaboration.We discuss:How Dave first connected with BellaThe cultural DNA of SMB CapitalThe challenges of qua...
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...