Line Your Own Pockets podcast

57:08

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 . This was a wide-ranging interview where we discussed: The mental side of systematic trading How poker and trading are similar and different What traders can learn from top performers in other fields Find more info about Jared on his website: https://jaredtendler.com/…

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Should You Turn Off Strategies On Crazy Days? 36:45

11 days ago36:45

36:45

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 consider.

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Turning A Trading Weakness into an Advantage 39:02

18 days ago39:02

39:02

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 positive mindset and a desire to get better.

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How To Trade When Everything is Moving 45:04

25 days ago45:04

45:04

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 of trades it normally does. How do you react? Michael and I discussed the first time this happened to me and how best to respond to prepare for the next time.…

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Do You Chase Trading Perfection? 42:05

5 weeks ago42:05

42:05

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 go of it to make progress in your trading. "From the surface, every rabbit hole looks like a pile of money." - Dave Here's a link to the book Michael mentioned: Golf Is Not A Game Of Perfect The Monkey Trap via Robin Hanson.…

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Make Trading Real when Things Are Going Well 24:21

6 weeks ago24:21

24:21

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 motivated to improve even when their trading is going great.

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Take Your Best Trades With Bigger Size 34:36

7 weeks ago34:36

34:36

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Profitable Traders Keep A Journal 47:20

8 weeks ago47:20

47:20

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 the things you can safely skip because they're a waste of time.

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What NOT To Automate In Your Trading Business 32:44

9 weeks ago32:44

32:44

Just because you CAN automate doesn't necessarily mean you SHOULD automate it.

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Edge Erosion 31:31

10 weeks ago31:31

31:31

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Position Sizing Is Sexy 45:30

11 weeks ago45:30

45:30

Book on Kelly Criterion: Fortune's Formula

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Sizing Up a Trading Strategy 42:20

12 weeks ago42:20

42:20

You finally have a serious trading edge. And you know it. How should you think about sizing up?

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Should you EVER Take Partial Profits? 31:19

13 weeks ago31:19

31:19

Dave's article on partial profits: Should You EVER Take Partial Profits? Dave's Strategy Corner monthly column at TASC Magazine Social Desirability Bias - why bad ideas get traction Best Loser Wins - book recommendation from Michael

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Why Dave Left Trade-Ideas 26:21

14 weeks ago26:21

26:21

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.

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Handling a Trading Mistake 39:18

15 weeks ago39:18

39:18

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 pieces of your coding workflow that most traders overlook as well as a novel use of Trade-Ideas and Amibroker to create a very efficient trading workflow.…

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Creating a Trusted Trader Group 36:07

16 weeks ago36:07

36:07

Books mentioned: Give and Take by Adam Grant Never Eat Alone by Keith Ferrazzi The Art of Gathering by Priya Parker

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Interview with Brett Steenbarger 45:55

17 weeks ago45:55

45:55

Links mentioned in this episode: Brett's drawdown in the 80's: After a Devastating Loss Brett's Traderfeed Blog: https://traderfeed.blogspot.com/ Brett's Books: The Psychology of Trading Enhancing Trader Performance The Daily Trading Coach Trading Psychology 2.0 (Coming soon!) Positive Trading Psychology (title tentative)…

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24 Hour Trading Is Coming 38:35

18 weeks ago38:35

38:35

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 looking for to capitalize on it, and just how important these changes really are.

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Evolving Over Time As a Trader 33:59

19 weeks ago33:59

33:59

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 traders realize it or not, they'll eventually have to completely reinvent what they do to stay relevant. Annie Duke's book Quit: The Power of Knowing When To Walk Away .…

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Interview with Marsten Parker 54:33

20 weeks ago54:33

54:33

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 process of creating trading strategies, adapting them over time, and completely reinventing yourself as a trader. Links: RealTest Backtesting Software Unknown Market Wizards by Jack Schwager Dave's Free Email Course on Backtesting…

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Charting Software Roundup 35:06

21 weeks ago35:06

35:06

How many monitors should you have? What chart platform should you use? "A lot of indicators on a chart is a sign of mediocrity." -- Dave Software mentioned: Interactive Brokers Amibroker eSignal Free email course on backtesting

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Choosing Backtesting Software 44:46

22 weeks ago44:46

44:46

Trade-Ideas OddsMaker Amibroker RealTest QuantConnect Michael's RealTest Coding Helper: https://chatgpt.com/g/g-5AvG9XdDY-realtest-coding-helper

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Using Regime Filters in a Strategy 37:17

23 weeks ago37:17

37:17

What is a regime filter and is it useful? That's the question we discussed on this episode - Michael and Dave have completely different approaches. Here are links to articles referenced in the episode: Why I Ignore The Overall Market When I Trade Why I Avoid Overall Market Filters in Strategies Is The Market Really More Likely To Continue As The Gap Is Bigger?…

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Removing Bad Trades from a Strategy 30:37

24 weeks ago30:37

30:37

A listener asks how he can remove 30% of the trades he's taking in his trading strategy that he knows are hurting his results. Are you interested in Backtesting but don't know where to start? Learn the basics with Dave's free email course .

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Is Limited Time For Trading - A Good Thing? 32:24

25 weeks ago32:24

32:24

Many traders come to me with a single complaint - I wish I had more time to devote to my trading. It takes me back to my early days when I had the same thoughts! It wasn't until several years of hindsight that I realized that having limited time for trading... is a good thing. We discuss why that is and how you can turn limited time into a positive force for your trading. Here's the original article we discussed in this episode: Can Limited Time for Trading Be - A Good Thing? Are you interested in Backtesting but don't know where to start? Learn the basics with Dave's free email course .…

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Using News in Your Trading Strategy 34:48

26 weeks ago34:48

34:48

Dave and Michael discuss several ways to incorporate news into a technical trading strategy.

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How to Use Social Media as a Trader 30:08

27 weeks ago30:08

30:08

Dave and Michael discuss the implications of the research from the previous episode. If financial social media is so predictably wrong, how can traders use it? Should they use it at all?

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Interview with Seyed Kazempour, Author of Finfluencers 45:59

28 weeks ago45:59

45:59

In our first interview for the podcast, we talked with Dr. Seyed Kazempour about his paper called Finfluencers. It's a fascinating paper based on research on StockTwits. The conclusion? The more followers someone has on StockTwits, the worse their market predictions. We discuss the implications of this research for traders. Here's a link to the Finfluencers paper . Here's a link to Dr. Seyed Kazempour's website .…

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Strategy Drift 34:25

29 weeks ago34:25

34:25

Dave discusses a turning point in his trading career when he realized his trading system wasn't as systematic as he thought. His discretion had drifted over time, changing how he approached trading from that point forward.

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Prioritizing Your Trading Work 33:47

30 weeks ago33:47