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.
-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.
