Shows
Line Your Own PocketsCreate Redundancy in your Trading BusinessIn this week's episode of Line Your Own Pockets, we discuss adding redundancy to your trading. Outages aren't a matter of if but when.Topics include:Failures will happen eventually - plan for them ahead of timeBroker-side, server-held exit orders (like at IBKR) make this simpleTest your setup before you get forced toRevisit your setup regularly as your trading income grows over timeAnd much more...As mentioned in the podcast, here's an example of an internet router that can use multiple ISPs.
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2026-05-0438 min2026-04-2746 minLine Your Own PocketsInterview with Brandon Kaisler from Cesta CapitalIn this week's episode of Line Your Own Pockets, we sit down with Brandon Kaisler of Cesta Capital, a brokerage catering to active short sellers.In a wide-ranging interview, we discuss topics from a broker's perspective, including:How most brokers make money from hidden fees, not commissionsWhy brokers prefer systematic traders (hint, hint)How the market for short locate fees worksHow 24/7 trading will affect your tradingWhether eliminating the pattern day trading rule will help or hurt the marketsAnd much more...This is a rare and honest look at the business side of...
2026-04-2050 minLine Your Own PocketsAll About Data for BacktestingIn this week's episode of Line Your Own Pockets, we discuss market data for backtesting.Topics covered:Data for backtesting is far different (and easier) than for real-time tradingLike "free" commissions, you typically get what you pay for when it comes to market dataChoices come down to whether you need intraday dataAvoid overengineering - no premature optimization!And much more...
---Before you go!The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com...
2026-04-1339 minLine Your Own PocketsInterview with Trent Smalley from DTN/IQFeedIn this week's episode of Line Your Own Pockets, we interview Trent Smalley with DTN and IQFeed.We discuss:Why it makes sense for traders to pay for market data when brokers offer it for freeWhere bad ticks you see in your charts actually come fromWhat happens to market data before it hits your feedWhen you know you're ready to upgrade to a high quality feedAnd much more...
---Before you go!The next time you find yourself in a drawdown, I want you to stop what...
2026-04-0654 minLine Your Own PocketsUsing AI Agents for Strategies Part 3In this week's episode of Line Your Own Pockets, we continue the discussion of using AI agents for strategy creation gruntwork.Topics discussed:Delegation skills are important - the more specific, the betterHow Dave's approach differs from Michael's regarding Claude useHow to implement "unit tests" for your trading strategyDevelopers always want to build - here's why you shouldn'tStarting points for developersMuch more...I think this was the best one yet on AI.
---Before you go!The next time you find yourself in a drawdown...
2026-03-3050 minLine Your Own PocketsUsing AI Agents for Trading Strategies Part 2We continue last week's discussion on using Claude and OpenClaw to automate strategy creation.We touch on:How to get AI to do the grunt work so you can be the CEO of your tradingWhy Michael switched from OpenClaw to Claude CodeTeaching Claude to automate Amibroker (hint: point it here)How giving Claude Prop Firm constraints helped focus its workAuditing its work is critically important - the more you understand, the betterMuch more, including the next steps of using the Cruncher in this process...
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2026-03-2342 minLine Your Own PocketsUsing AI Agents to Backtest Strategy IdeasIn this week's episode of Line Your Own Pockets, we discuss Michael's project for having OpenClaw create and run backtests from his list of research ideas for trading strategies.His agents have created over 200 backtestsHow they've primed the backtests to be used in the Strategy CruncherSOPs (Standard Operating Procedures) have paved the way for this workflowAI as a research assistant/intern for your trading businessAnd much more...
---Before you go!The next time you find yourself in a drawdown, I want you to stop what you're doing and...
2026-03-1634 minLine Your Own PocketsStrategies for Small AccountsWe cover:Making mistakes early when they're relatively cheapFocus on scaling wide versus scaling upLearn R-multiples - it normalizes your performance as your account growsBecome the best in the world at a very specific strategy (it's not as hard as you think!)And much more...
---Before you go!The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.I hope to see you there!
2026-03-0940 minLine Your Own PocketsHow to Trade with a Small AccountIn this week's episode of Line Your Own Pockets, we discuss trading with a small account.Topics discussed:Don't wait until you have "enough" money to start learningHow trading with a small account is an advantageFunding options: an overview of the prop trading landscapeNo matter how big your account is, your trading strategy is paramount - focus on thatLessons learned at this stage will be valuable to your trading foreverAnd much more... including my rant about a trading mistake I made just before we recorded this.
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2026-03-0246 min
Desire To Trade Podcast | Interviews with Highly Successful Traders549: Why I Trade 25 Strategies After 17 Years of Trading (Dave Mabe) Why I Trade 25 Strategies After 17 Years of Trading In episode 549 of the Desire To Trade Podcast, you will be listening to an interview with Dave Mabe, who's been trading for more than 20 years, sharing how nearly quitting during a massive drawdown pushed him to rethink everything about how he trades. What started as one working idea turned into 25 fully automated strategies running every day. He also dives into the hardest lesson of his career—trading through a brutal drawdown—and how it forced him to build a system for creating new strategies. The vide...
2026-03-0225 min
Chat With TradersThe Shift to Systematic Trading — Building Backtested ConfidenceWhen Dave Mabe backtested his strategy, it outperformed his own discretionary trading — and changed how he approached everything. In this episode, we discuss gapping breakouts, expectancy, systematic trading, drawdowns, and the reality gap between backtests and live execution. A practical conversation for traders serious about building durable edge.
In this episode, we explore:
· How Dave got introduced to markets: From early exposure to investing through his family to actively seeking more control over his capital and moving from swing trading into day trading.
· Why rules matter: The transition from discretionary decisions to systematic frameworks — and why...
2026-02-2756 minLine Your Own PocketsCurve Fitting is Easy to AvoidIf you've ever wondered if you're curve fitting with your trading strategy, this episode is for you.We discuss:Curve fitting is a continuum, not a binary yes/no conditionEvery strategy has a little bit of curve fittingLet's say you wanted to maximize curve fitting. What would you do?Easy ways to avoid curve fittingAnd much more...
---Before you go!The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign...
2026-02-2336 minLine Your Own PocketsHow to Grow Your Column LibraryMichael and I discuss how to think about improving your column library over time.We discuss:How your column library is like a shared software library: build once, reuse everywhereContinuous variables are better than binary variables (e.g. Above/below a moving average)The MACDV case study - MACD normalized by ATRHow intra-trade columns allow testing multiple concepts with a single backtestAnd much more...Here's a link to the previous episode mentioned: The Key to Backtesting - Your Library of Columns
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2026-02-1648 minLine Your Own PocketsQualities that Predict a Profitable TraderTopics discussed:Profitable traders don't follow the crowd - or any particular trading guruHealthy attitude towards trading and riskMaking great trades is the goal - ironically, the money is almost secondaryDay trading is key (don't believe me? Just do the math)Automation is a massive trading edgeMuch more...
---Before you go!The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.I hope...
2026-02-0946 minLine Your Own PocketsShould You Use Python for Backtesting?We discuss:Python is a great general-purpose language, but that's what makes it a bad choice for backtestingIterating on your strategies is the critical piece - anything that makes that more complex will make things more difficultIn a world of LLMs, the argument for using Python for everything makes less senseChoose your tools based on profit potential, not because "I like Python and am good at it."Much more...
---Before you go!The next time you find yourself in a drawdown, I want you to stop what you're doing...
2026-02-0236 minLine Your Own PocketsAmibroker: The Adventure ContinuesTopics include:Batteries Data Not Included - the best way to get data into AmibrokerThe code that adds custom columns in Amibroker is resource-intensiveQuirks with databases in AmibrokerYour computer hardware matters with Amibroker (get more RAM)Dave's hardware specs for his backtesting computer.
---Before you go!The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.I hope to see you there!
2026-01-2646 minLine Your Own PocketsHow Discretionary Traders Can Add Automated StrategiesWe go over:How "visual" backtesting is not real backtestingDiscretionary traders try to replace what they're doing with automation - but that's wrongHow to create a completely new strategy from the ground up to be automatedHow to build your "idea noticing" muscleMuch more.Here's the book mentioned in the show: The Art of Noticing
---Before you go!The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my...
2026-01-1934 minLine Your Own PocketsNext Steps with AmibrokerDave continues helping Michael create a first backtest in Amibroker. You might think "backtesting is backtesting," but we cover many of the differences between RealTest and Amibroker, as well as their implications.We discuss:What makes AI so bad at generating good AFL code for a backtest in AmibrokerThe better you get at understanding how AFL works, the better your use of AI getsHow a column library makes all the difference in creating P&LQuick backtests can promote bad habitsAnd much more...Dave also announces the new MabeKit AFL Generator tool.
2026-01-1246 minLine Your Own PocketsGetting Started with AmibrokerDave offers advice and feedback to Michael, who is learning to use Amibroker for the first time.He's coming from RealTest, so we go over the similarities and differences between the two platforms.We discuss:How RealTest is great for daily data, but hits a wall for most intraday trading strategiesAmibroker is not just a backtester; it’s a full charting, analysis, and execution environment.Backfilling with IQFeed versus Polygon (there is really no contest)Best practices for databases in AmibrokerMuch more...
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2026-01-0542 minLine Your Own PocketsHow To Run Your Trading Like a Franchise BusinessWe discuss the actual nuts and bolts of what running your trading like a franchise means:Systematize everythingA process for eliminating low-value workWhat makes sense to outsource and what you should keep in-houseMake your trading survive without youAnd much more...
---Before you go!The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.I hope to see you there!
2025-12-2931 minLine Your Own PocketsThe ICE Method for Prioritizing StrategiesAs traders gain experience, the problem shifts from not having enough ideas to having too many ideas competing for limited time and mental energy. Without a system, this abundance quickly becomes overwhelming and leads to paralysis or procrastination.We discuss the ICE method - a simple scoring method to determine which ideas to work on first.Spreadsheet Link https://docs.google.com/spreadsheets/d/1iWG87jZ7KiANQzH9O8KwgtRRl5Wcd60Q/edit?usp=sharing&ouid=112987133391354450813&rtpof=true&sd=true
---Before you go!The next time you find...
2025-12-2233 minLine Your Own PocketsHow Much Does Speed Matter in Trading?In this week's episode of Line Your Own Pockets, we take on a topic submitted by Isaac, a trader I work with.We discuss:When timing/speed matters and when it doesn'tThe types of trading strategies where latency is likely the bottleneckHow rushing to solve problems can be counter-productive (waiting can reveal simpler solutions)Concrete steps to determine if latency is really an issue and how to address itAnd much more...
---Before you go!The next time you find yourself in a drawdown, I want you...
2025-12-1539 min
The Trader's JourneyHow to Build Automated Trading Systems with Dave MabeIn this episode of The Trader's Journey, Anthony sits down with Dave Mabe – computer scientist, trader, and former CTO of Trade Ideas – to unpack how backtesting and automation can transform a "good idea" into a rules-based, data-backed trading system. Dave shares his path from journaling trades and thinking like an engineer, to running formal backtests, stress-testing strategies, and eventually automating execution. Whether you're a discretionary trader curious about data, or already running systems and looking to avoid curve-fitting disasters, this episode gives you a blueprint for turning ideas into robust strategies.
2025-12-131h 06Line Your Own PocketsPortfolio Level Backtesting - Useful or Waste of Time?We butt heads in this episode, arguing about the value of portfolio-level backtesting, one of the key feature differences between RealTest and Amibroker.Is portfolio-level testing essential, or simply premature optimization?
---Before you go!The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.I hope to see you there!
2025-12-0849 minLine Your Own PocketsHow Often Should You Re-Optimize?We discuss:How to optimize so you have to re-optimize as little as possibleHow better columns directly translate into more robust strategiesHold a rule "in reserve" so you can apply it when needed without full re-optimizationDocumenting previous optimization decisions will make the next strategy betterAnd much more...
---Before you go!The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.I hope to see you there!
2025-12-0141 minLine Your Own PocketsIs Moving Your Stop To Breakeven a Mistake?We discuss:Similar to taking partial profits, moving a stop to breakeven is more about psychological comfortProfitable trading requires tolerating discomfort, as difficult as that is at timesIt seems like a simple idea to test, but it quickly adds significant complexity to a backtestHow to actually test this in a backtestThis is a great example of the platitudes you often hear from people who are good at talking about trading, but don't actually trade.
---Before you go!The next time you find yourself in a drawdown, I want...
2025-11-2441 min2025-11-1736 min