📍 So today we are talking about beyond the backtest, better optimization and robustness testing. And look, I don't know about you, but it's pretty easy to put a bunch, I think it's pretty easy anyway, to put a bunch of indicators and rules into some backtesting software and mash the backtest button. And then it's also pretty easy to throw a whole bunch of other indicators and filters and...
IntroductionWhen it comes to trading system optimization, many traders unknowingly fall into common traps that lead to unreliable backtest results and poor real-time performance. In this article, we delve into the subtleties and concepts that are often overlooked, providing a comprehensive guide to optimizing your trading systems effectively.Are Your Backtest Results Realistic?Many traders worry...
IntroductionIn the ever-fluctuating world of trading, the one truth that stands the test of time is that predicting the future with 100% certainty is virtually impossible. With over 20 years of firsthand trading experience, I've learned that the key to sustainable success lies in preparation and systematic trading. Today, we'll delve into how you can achieve consistent trading results regardless...
The chart below tells a lot of the story right now... The US Market is leading with a fairly smooth uptrend The ASX has been languishing in a malaise of sideways price action for months The TSX has been much the same as the ASX but the recent slightly lower low is hinting at some impending weakness if the previous day's rally doesn't follow through strongly Hong Kong appeared to break out of...
In the last week big tech is back on in the US and is absolutely leading the charge. In fact, seeing the NYSE and the Russell 2000 down in the last week while the Nasdaq is up 4.3% shows you just how much divergence there is between tech and the other sectors. In the table below you can also see that the XLK tech sector ETF is up 6.9% which is a huge week compared to the other sectors in the...
Introduction to Van TharpVan K. Tharp stands as a monumental figure in the trading world, renowned for his pioneering work in developing trading systems and coaching traders. He is widely recognized for his psychological approach to trading, often captured through his famous quote, "We trade our beliefs about the market."Brief Bio of Van TharpVan Tharp's educational journey began with a...
Introduction to Robert PardoFrom the early shifts of the market waves to the complexities of today's financial trading strategies, Robert Pardo has navigated the ever-changing tides of the trading world with a pioneering spirit. Known for his systematic approach to trading and his emphasis on backtesting and strategy optimization, Pardo has carved out a niche as a leader in the development and...
Introduction to Richard WeissmanHave you ever wondered what marks a master trader? Richard Weissman's defining moment came when he recognized the delicate balance between risk management and market prediction, reshaping his trading philosophy and guiding him to significant success in the financial markets.Brief Bio of Richard WeissmanRichard Weissman began his journey in the financial markets...
Introduction to Warren BuffettWarren Buffett, known as the "Oracle of Omaha," has become almost synonymous with investing genius. His ability to pick long-term winners has not only made him one of the richest men in the world but also a legend in the financial industry. His first major investment move, buying shares of a textile company named Berkshire Hathaway, now a colossal conglomerate,...
Introduction to Ray BarrosRay Barros stands as a beacon in the trading world, known for his unique blend of precision and strategic foresight. His ability to navigate market uncertainties with a calculated approach has earned him not only financial success but also the respect of his peers.Brief Bio of Ray BarrosBorn into a world where numbers make or break fortunes, Ray Barros turned his...
Introduction to Peter ThielPeter Thiel, often recognized for his audacious moves in the venture capital domain, began his meteoric rise in Silicon Valley not merely as a founder but as a foremost proponent of transformative technologies. His investment in Facebook, which became one of the most lucrative deals in the history of venture capital, perfectly encapsulates his knack for recognizing...
A Journey Through Precision and PatienceThe essence of trading can often be captured in moments of sheer determination and meticulous strategy—a philosophy embodied by Nick Radge, whose trading career is punctuated by resilience and a nuanced understanding of the markets. From Foundations to Financial FrontiersNick Radge's entry into the trading world was marked by a blend of academic...