Best Michael Nauss Podcasts (2025)

1
Follow Up On Quant/Discretionary Collaboration 43:15

Play Pause

3d ago43:15

43:15

Follow-up discussion on quant and discretionary trader collaboration. We discuss: How Dave first connected with Bella The cultural DNA of SMB Capital The challenges of quant/discretionary collaboration The importance of being a giver, not a taker Related episode: Mike Bellafiore and Nick Coutrakon from SMB Capital on Trading Teams Creating a Truste…

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Mike Bellafiore and Nick Coutrakon from SMB Capital on Trading Teams 51:59

10d ago51:59

51:59

Mike Bellafiore and Nick Coutrakon join the podcast to continue a discussion Mike had with Dave on the makeup of trading teams at SMB Capital, a proprietary trading firm in NYC. What's the best way to include a quantitative trader in a discretionary trading team? --- Before you go! If you're a trader and interested in backtesting and automating you…

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Baby Steps Towards Automating Your Trades 44:15

17d ago44:15

44:15

Are you a profitable trader but hesitant to automate your trades? In this episode, we discuss multiple steps to take towards having a computer make trades without fully automating. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're do…

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Which Version of This Strategy Is Best? 44:22

24d ago44:22

44:22

We discuss 4 different variations of a strategy that Dave is deciding between and the thought process for doing so. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backt…

1
Choosing a Trading Computer 36:25

1M ago36:25

36:25

Lessons learned from buying a new trading computer. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course. I hope to see you there!…

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How to Trade When Traveling 50:23

1M ago50:23

50:23

Remote desktop solution mentioned: RustDesk TailScale --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course. I hope to see you there!…

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Running Out of Buying Power - Part 2 43:30

2M ago43:30

43:30

More discussion on buying power and running out of it might be a good thing. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course. I hope to see you …

1
Running Out of Buying Power - A Good Thing? 42:01

2M ago42:01

42:01

Is running out of buying power... actually good? Here's the graph of buying power mentioned in the episode: Is Running Out of Buying Power A Good Thing? --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to dave…

1
Deep vs. Wide: Two Paths to Trading Profits 38:26

2M ago38:26

38:26

How many trades should your strategy take and how profitable should each one be? There are two distinct approaches to answering this question, and most profitable traders fall into one camp or the other. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you…

1
Symbol Lists in Strategies - Yes or No? 50:14

2M ago50:14

50:14

Should you restrict your strategy to trade a certain list of symbols? In a surprisingly heated debate, Michael and Dave discuss this topic and different reasons for each approach. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doi…

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Looking at P&L (Your's or Some Else's) Is Toxic 36:31

2M ago36:31

36:31

Looking at your P&L while you're trading is toxic. This also applies when looking at someone else's results - perhaps even more so. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up f…

1
Your Backtest Looks Great - What Could Possibly Go Wrong? 53:17

3M ago53:17

53:17

Be wary when going from backtest to live trading. You're at peak optimism, and if you're not careful, disappointment awaits. In this episode, we discuss all the ways a live trading can fall short of your backtest and what you can do about it. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy an…

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When is your Strategy Good Enough? 41:13

3M ago41:13

41:13

How to get out of backtest world and make the next steps to get your strategy live. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course. I hope to s…

1
The Key to Backtesting: Your Library of Columns 46:34

3M ago46:34

46:34

The second episode in our series on creating profitable strategies using backtesting. We review: How most traders backtest the wrong way How to add columns to your backtest What columns make the most sense How your "library of columns" gets more and more valuable over time --- Before you go! If you're a trader and interested in backtesting and auto…

1
You're Probably Backtesting Wrong 44:29

3M ago44:29

44:29

The first episode in a mini-series on how to create a trading strategy using backtesting. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course. I hop…

1
How Real Traders Use AI to Trade 48:39

4M ago48:39

48:39

We discuss Dave's recent experience using ChatGPT to create the Strategy Cruncher, a tool for optimizing your trading strategies. Prediction market for who will have the best AI model by the end of the year. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want…

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What Metric Should You Be Optimizing For? 48:17

4M ago48:17

48:17

Every trader has an opinion on what the perfect metric is to evaluate a strategy and to optimize on. We discuss our favorites and why. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign u…

1
How Far Back Should Your Backtest Look Good? 46:45

4M ago46:45

46:45

"If your backtest looks great for the last 3 months, why do you care what it looked like before that?" A trader Dave started coaching recently asked this question. The answer cuts to the core of why most traders give up on a trading strategy and end up quitting trading altogether. The Spurious Correlations website that was mentioned in the podcast.…

1
What to Prioritize 48:26

4M ago48:26

48:26

You've got a lot of ideas, each requiring a certain amount of work. How do you decide what trading ideas are likely to pan out? Improving an existing strategy Creating a new strategy Related workflow tasks The ICE Method --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to …

1
Why Not Automate Your Trades? 34:30

5M ago34:30

34:30

We discuss the most common objections traders have to using automation and how to get over the hump. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email co…

1
Learning From Top Performers 40:09

5M ago40:09

40:09

A follow-up on our previous interview with Jared Tendler where we go deeper into: the role of optimism in trading poker and trading learning from top performers in non-trading fields A chart of earnings season: https://www.davemabe.com/earnings-season/ --- Before you go! If you're a trader and interested in backtesting and automating your trading s…

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Interview with Jared Tendler 57:33

5M ago57:33

57:33

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…

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Should You Turn Off Strategies On Crazy Days? 37:10

5M ago37:10

37:10

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. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and he…

1
Turning A Trading Weakness into an Advantage 39:26

5M ago39:26

39:26

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. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want …

1
How To Trade When Everything is Moving 45:28

6M ago45:28

45:28

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. --- Before you go! If yo…

1
Do You Chase Trading Perfection? 42:30

6M ago42:30

42:30

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 …

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Make Trading Real when Things Are Going Well 24:46

6M ago24:46

24:46

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. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know wh…

1
Take Your Best Trades With Bigger Size 35:01

6M ago35:01

35:01

By Dave Mabe and Michael Nauss

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Profitable Traders Keep A Journal 47:45

7M ago47:45

47:45

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. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know wh…

1
What NOT To Automate In Your Trading Business 33:08

7M ago33:08

33:08

Just because you CAN automate doesn't necessarily mean you SHOULD automate it. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course. I hope to see yo…

1
Edge Erosion 31:56

7M ago31:56

31:56

By Dave Mabe and Michael Nauss

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Position Sizing Is Sexy 45:54

7M ago45:54

45:54

Book on Kelly Criterion: Fortune's Formula --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course. I hope to see you there!…

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Sizing Up a Trading Strategy 42:44

8M ago42:44

42:44

You finally have a serious trading edge. And you know it. How should you think about sizing up? --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course.…

1
Should you EVER Take Partial Profits? 31:43

8M ago31:43

31:43

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 --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't kn…

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Why Dave Left Trade-Ideas 26:46

8M ago26:46

26:46

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. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on ov…

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Handling a Trading Mistake 39:43

8M ago39:43

39:43

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. --- Before you go! If you're a…

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Creating a Trusted Trader Group 36:31

9M ago36:31

36:31

Books mentioned: Give and Take by Adam Grant Never Eat Alone by Keith Ferrazzi The Art of Gathering by Priya Parker --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backt…

1
Interview with Brett Steenbarger 46:20

9M ago46:20

46:20

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) --- Before you go! If you'…

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24 Hour Trading Is Coming 39:00

9M ago39:00

39:00

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. --- Before you go! If you're a trader and interested in backtesting and automating your trading strateg…

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Evolving Over Time As a Trader 34:23

9M ago34:23

34:23

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. --- Before you go! …

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Interview with Marsten Parker 54:58

9M ago54:58

54:58

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 Schwag…

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Charting Software Roundup 35:30

10M ago35:30

35:30

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 --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know wh…

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Choosing Backtesting Software 45:10

10M ago45:10

45:10

Trade-Ideas OddsMaker Amibroker RealTest QuantConnect Michael's RealTest Coding Helper: https://chatgpt.com/g/g-5AvG9XdDY-realtest-coding-helper --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com…

1
Using Regime Filters in a Strategy 37:42

10M ago37:42

37:42

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 Ga…

1
Removing Bad Trades from a Strategy 31:01

10M ago31:01

31:01

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. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and d…

1
Is Limited Time For Trading - A Good Thing? 32:48

11M ago32:48

32:48

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…

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Using News in Your Trading Strategy 35:13

11M ago35:13

35:13

Dave and Michael discuss several ways to incorporate news into a technical trading strategy. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course. I …

1
How to Use Social Media as a Trader 30:32

11M ago30:32

30:32

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? --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you…

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Interview with Seyed Kazempour, Author of Finfluencers 46:24

11M ago46:24

46:24

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 Fin…

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Strategy Drift 34:49

12M ago34:49

34:49

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. --- Before you go! If you're a trader and interested in backtesting and automating your trading strategy and don't know where t…