Boost Trading Results Through Proper Back Testing

Wondering why you get great results back-trading and fail live trading? Are you blaming it on execution or a faulty trading system? Are you frustrated with a lack of progress in your trading?

 You are not alone. These and many other challenges traders have are blamed on the wrong things and as a result traders system hop instead of dealing with the real issues.  Many of these challenges can be overcome through the proper use of back trading.

 

OBJECTIVE: To have your live trading more closely match your back testing results. This information pertains to market neutral trading as opposed to directional trading.

The Five Stage Process – Part 1 of 2

Take a quick look at the session introduction:

 

More questions on content? 

Session 1 Index
TIME	SUBJECT
3:07	OptionVue settings for proper back testing.
8:48	Human nature, goal setting and the importance of proper mindset.
12:27	Why my back testing results were great but my live trading results were not.
21:24	How can we back test to more accurately mirror live results?
21:55	Five stages of back testing
24:03	Trade Example – Typical Iron Condor roll back and add a type of trade.
27:05	Stage 1 – Viability test; Is the system even capable of making money?
31:37	Stage 2 – Viability for you test; Is the system likely to work with my schedule and risk tolerance?
56:57	Stage 3 – Practical Testing Stage 1;  How am I going to mechanically trade this thing?
1:07:48	Stage 4 – Practical Testing Stage 2;  How will my charting, news, biases, and psychology affect the system?

 

Session 2 Index
TIME	SUBJECT
1:33	Brief Review of proper back testing part 1.
5:07	The importance of having a proper trading plan.
7:24	Evaluating risk vs. reward at all times.  Is it worth the risk to stay in or am I better off going into next month?
8:06	If you have a market Bias, how to put that Bias into your trading plan.
9:31	Even if you are a discretionary trader you need to have a Base system to work off of.
10:16	How to create a base trading system custom tailored to YOU.
13:00	The gain or loss with a +/- 30 point move in the underlying is more important than any Delta based adjustment.
15:39	How am I going to handle large moves, overnight gaps, and catastrophic situations?
17:30	Explanation of Defense Condition Levels and how they apply to the market.  Defcon document available for download.
25:40	John Locke answers a question on using ATR or Volatility levels as an adjustment.
27:42	Diagnose, Identify, and Improve.  All top performing professionals in ANY field have these things in common.
28:29	Systematically review your performance and the effectiveness of the plan.
29:48	What makes up a Trade Debrief?  Here are the components of a Trade Debrief for your review.
31:51	What are the steps in the debrief process?  Lets find out.
37:07	Example trade to demonstrate how to debrief your live trade using a paper trade in order to diagnose any differences.
1:07:38	Some of the Benefits of Trade debriefs are: Compresses the time it takes to gain experience and reveals any flaws in your system.
1:11:38	Create a Success loop to skyrocket your results using the benefits of the Trade Debrief.

How a “Success Loop” is created by using the five stages:

 

 

 

Boost Trading Results Through Proper Back Testing The Five Stage Process	Regular Price	FIT & Premium Members	Premium PLUS Members
Part 1 of 2	$125.00	$99.00*	$49.00* (or FREE for Apr. 2016 Premium PLUS members)
Part 2 of 2	$125.00	$99.00*	$49.00* (or FREE for May 2016 Premium PLUS members)
*Premium PLUS & Premium members, please log into the Locke Options Community and purchase on the Discounts page. CLICK HERE FOR MORE INFORMATION ON LOCKE OPTIONS COMMUNITY MEMBERSHIP