Winners rotate.
What made you money through the end of August, might not be the same names worth being in going forward.
Be careful trying to buy the same stocks or contracts after you get stopped.
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Poor trading is rarely about not knowing what to do – it’s in the poor execution – and that’s an emotional and psychological issue.
Know thyself.
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Avoid indecision in your behavior and don’t join the crowd in theirs.
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You can adjust your bet size based upon the probabilities that you discover from your backtesting.
In the process, you can systematize your risk management and increase risk when you’re doing well and more importantly, cut your risk when you are in a losing streak or drawdown.
Keeping your losses small is the hallmark of professional trading and investing.
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You can simulate a trading model across any asset class.
Make sure you test at the portfolio level, not one name at a time.
Two, add back in the instruments that have been delisted or that don’t trade anymore in order to help offset survivorship bias.
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