Shows
Line Your Own PocketsLearning From Top PerformersA follow-up on our previous interview with Jared Tendler where we go deeper into:the role of optimism in tradingpoker and tradinglearning from top performers in non-trading fieldsA chart of earnings season:https://www.davemabe.com/earnings-season/2025-05-0539 minLine Your Own PocketsInterview with Jared TendlerThis 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 tradingHow poker and trading are similar and differentWhat traders can learn from top performers in other fieldsFind more info about Jared on his website: https://jaredtendler.com/2025-04-2857 minLine Your Own PocketsShould You Turn Off Strategies On Crazy Days?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.2025-04-2136 minLine Your Own PocketsTurning A Trading Weakness into an AdvantageWe 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.2025-04-1439 minLine Your Own PocketsHow To Trade When Everything is MovingYou'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.2025-04-0745 minLine Your Own PocketsDo You Chase Trading Perfection?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." - DaveHere's a link to the book Michael mentioned: Golf Is Not A Game Of PerfectThe Monkey Trap via Robin Hanson.2025-03-3142 minLine Your Own PocketsMake Trading Real when Things Are Going WellWhen 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.2025-03-2424 minLine Your Own PocketsTake Your Best Trades With Bigger Size2025-03-1734 minLine Your Own PocketsProfitable Traders Keep A JournalIf 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.2025-03-1047 minLine Your Own PocketsWhat NOT To Automate In Your Trading BusinessJust because you CAN automate doesn't necessarily mean you SHOULD automate it.2025-03-0332 minLine Your Own PocketsEdge Erosion2025-02-2431 minLine Your Own PocketsPosition Sizing Is SexyBook on Kelly Criterion: Fortune's Formula2025-02-1745 minLine Your Own PocketsSizing Up a Trading StrategyYou finally have a serious trading edge. And you know it. How should you think about sizing up?2025-02-1042 minLine Your Own PocketsShould you EVER Take Partial Profits?Dave's article on partial profits: Should You EVER Take Partial Profits?Dave's Strategy Corner monthly column at TASC MagazineSocial Desirability Bias - why bad ideas get tractionBest Loser Wins - book recommendation from Michael2025-02-0331 minLine Your Own PocketsWhy Dave Left Trade-IdeasSeveral 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.2025-01-2726 minLine Your Own PocketsHandling a Trading MistakeDave 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.2025-01-2039 minLine Your Own PocketsCreating a Trusted Trader GroupBooks mentioned:Give and Take by Adam GrantNever Eat Alone by Keith FerrazziThe Art of Gathering by Priya Parker2025-01-1336 minLine Your Own PocketsInterview with Brett SteenbargerLinks mentioned in this episode:Brett's drawdown in the 80's: After a Devastating LossBrett's Traderfeed Blog: https://traderfeed.blogspot.com/Brett's Books:The Psychology of TradingEnhancing Trader PerformanceThe Daily Trading CoachTrading Psychology 2.0(Coming soon!) Positive Trading Psychology (title tentative)2025-01-0645 minLine Your Own Pockets24 Hour Trading Is ComingThere 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.2024-12-3038 minLine Your Own PocketsEvolving Over Time As a TraderIn 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.2024-12-2333 minLine Your Own PocketsInterview with Marsten ParkerWe 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 SoftwareUnknown Market Wizards by Jack SchwagerDave's Free Email Course on Backtesting2024-12-1654 minLine Your Own PocketsCharting Software RoundupHow many monitors should you have? What chart platform should you use?"A lot of indicators on a chart is a sign of mediocrity." -- DaveSoftware mentioned:Interactive BrokersAmibrokereSignalFree email course on backtesting2024-12-0935 minLine Your Own PocketsChoosing Backtesting SoftwareTrade-Ideas OddsMakerAmibroker RealTestQuantConnectMichael's RealTest Coding Helper: https://chatgpt.com/g/g-5AvG9XdDY-realtest-coding-helper2024-12-0244 minLine Your Own PocketsUsing Regime Filters in a StrategyWhat 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 TradeWhy I Avoid Overall Market Filters in StrategiesIs The Market Really More Likely To Continue As The Gap Is Bigger?2024-11-2537 minLine Your Own PocketsRemoving Bad Trades from a StrategyA 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.2024-11-1830 min