In this week’s episode of Line Your Own Pockets, we have a surprisingly heated discussion about whether to restrict your strategy’s universe of symbols or not.
This seemingly simple question has numerous implications.
- Can you backtest a strategy that trades a symbol list you don’t control?
- Is each symbol in the list weighted equally?
- Is a symbol list simply a filter?
- Should you include or exclude ETFs in your strategy?
- Much more…
Buckle your seat belts, this is the biggest disagreement Michael and I have had on the podcast so far!
We don’t come to blows, but pretty close.
Which side do you fall on?
-Dave
