Michael Nauss
Appears in 47 Episodes
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...
Interview with Jared Tendler
This week, we interviewed Jared Tendler, a mental coach for traders, poker players, and golfers. Jared has written several books, including The Mental Game of Trading....
Should You Turn Off Strategies On Crazy Days?
When the market is raging in a way that's far out of the ordinary, should you turn your strategies off? Or let it be business as usual? We discuss the things to cons...
Turning A Trading Weakness into an Advantage
We discuss how Dave turned a trader's frustrating bad habit into a positive workflow for creating new trading edge. This is a great case study for the power of a posi...
How To Trade When Everything is Moving
You're trading a strategy - you're comfortable with the number of trades. And then BOOM - one day the entire market is moving and your system generates 10x the number...
Do You Chase Trading Perfection?
Do you let the quest for perfection get in the way of trading success? It's more common than you might think. We discuss where this tendency comes from and how to let ...
Make Trading Real when Things Are Going Well
When you're trading part-time and doing well, your trading can seem almost like a video game. Here's actionable thing I tell the traders I coach to do that keeps them...
Profitable Traders Keep A Journal
If there's one thing profitable traders do consistently, it's keeping track of their results. Winners keep score! We discuss the do's and don't's of journaling and t...
What NOT To Automate In Your Trading Business
Just because you CAN automate doesn't necessarily mean you SHOULD automate it.
Position Sizing Is Sexy
Book on Kelly Criterion: Fortune's Formula
Sizing Up a Trading Strategy
You finally have a serious trading edge. And you know it. How should you think about sizing up?
Should you EVER Take Partial Profits?
Dave's article on partial profits: Should You EVER Take Partial Profits?Dave's Strategy Corner monthly column at TASC MagazineSocial Desirability Bias - why bad ideas ...
Why Dave Left Trade-Ideas
Several months ago, Dave decided to leave Trade-Ideas to focus on trading and coaching.Dave discusses why he left, making big decisions, and focusing on trading.
Handling a Trading Mistake
Dave discussed a mistake one of his coaching clients made, how he responded to it, and the changes to his trading process as a result of it.We discuss the critical pie...
Creating a Trusted Trader Group
Books mentioned:Give and Take by Adam GrantNever Eat Alone by Keith FerrazziThe Art of Gathering by Priya Parker
Interview with Brett Steenbarger
Links mentioned in this episode:Brett's drawdown in the 80's: After a Devastating LossBrett's Traderfeed Blog: https://traderfeed.blogspot.com/Brett's Books:The Psycho...
24 Hour Trading Is Coming
There are big changes on the trading horizon as 24-hour trading is becoming more and more a reality. We discuss how this will affect the markets, what cues we'll be l...
Evolving Over Time As a Trader
In a follow-up to last week's interview with Marsten Parker, Dave and Michael discuss the key to being successful for a long period: adapting.Whether successful trader...
Interview with Marsten Parker
We talk with Marsten Parker who was highlighted in Jack Schwager's Market Wizard book series and the creator of the RealTest backtesting software.We discuss the proces...
Charting Software Roundup
How many monitors should you have? What chart platform should you use?"A lot of indicators on a chart is a sign of mediocrity." -- DaveSoftware mentioned:Interactive ...