You’re Probably Backtesting Wrong

In this week’s episode of Line Your Own Pockets, we’re starting a series on creating your own profitable trading strategy using backtesting.

We review how most traders start backtesting in the most inefficient way possible.

Topics include:

  • The mistake almost all traders make when they start backtesting
  • Why the “guess and check” approach is like shooting in the dark
  • How to take your backtesting from slingshot to sniper rifle
  • What your very first backtest of a strategy should accomplish (you shouldn’t be shooting for your final version right away!)

If you’ve ever backtested or are looking to get started, this series of episodes is for you.

LISTEN NOW »

-Dave

P.S. HOLIDAY REMINDER: This Thursday (6/19) is the Juneteenth holiday, and the US markets are closed, only to reopen the next day for Options Expiration. It’s an odd week, so plan something fun for Thursday (Joan and I are having lunch with some good friends), but don’t assume Friday will be a snoozer since it’s between a summer holiday and the weekend.