{"id":42475,"date":"2015-10-15T10:05:22","date_gmt":"2015-10-15T14:05:22","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=42475"},"modified":"2023-05-24T09:29:41","modified_gmt":"2023-05-24T13:29:41","slug":"30-trading-habits-in-30-days-backtesting","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting","title":{"rendered":"30 trading habits in 30 days- backtesting"},"content":{"rendered":"

\"image\"<\/p>\n

Welcome back to our new series <\/i>30 trading habits in 30 days.<\/p>\n

I was at the Pig\u00a0\u2018N\u2019 Whistle on 3rd for lunch yesterday with 3 trading\/investing thought leaders at Baruch College.\u00a0 These young student traders asked: are markets going to be run exclusively by automated traders?<\/p>\n

I answered, \u201cNo.\u00a0 But a discretionary trading firm like ours has been doing much more automated trading, building of trade signals and backtesting.\u201d<\/p>\n

Let me give you an example of how backtesting can help your trading.<\/p>\n

The Trade<\/p>\n

\"image\"Dell announced they were buying EMC.<\/p>\n

My partner, Steve Spencer, has encouraged firm traders to short the acquirer after a deal hits the tape.\u00a0 As an experienced trader he observed, in this present market regime, shorting the acquirer offered a good risk\/reward.<\/p>\n

One trader on our desk MW started dabbling with the trade and made it his own.\u00a0 This trader later went on to run a team, Team MW.\u00a0 And his team backtested this trade with one additional variable, time.<\/p>\n

The results?<\/p>\n

A trade with a 66% win rate.\u00a0 Wow!<\/p>\n

So now Team MW took the observation from a veteran trader for a trade that would work AND they backtested specifically a setup that gave them edge.<\/p>\n

When Monday\u2019s trading session opened they expressed this edge by shorting VMW since Dell is private and was the stock most similar.<\/p>\n

Both traders profited.\u00a0 Both traders were much more confident in their shorts.\u00a0 Both traders can trade this trade larger.\u00a0 Both traders have guidance with time when to exit.<\/p>\n

\"image\"<\/p>\n

This is the value of backtesting.\u00a0 Make this a habit for better trading results.<\/p>\n

*no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome back to our new series 30 trading habits in 30 days. I was at the Pig\u00a0\u2018N\u2019 Whistle on 3rd for lunch yesterday with 3 trading\/investing thought leaders at Baruch College.\u00a0 These young student traders asked: are markets going to be run exclusively by automated traders? I answered, \u201cNo.\u00a0 But a discretionary trading firm like ours has been doing much … Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":42476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4625],"tags":[689,4737,4736,2572,2097,4738,3518,400,433],"class_list":["post-42475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-30-trading-habits-in-30-days","tag-689","tag-automated-trader","tag-backtesting","tag-daily","tag-days","tag-discretionary-trading","tag-habits","tag-learn","tag-trades"],"yoast_head":"\n30 trading habits in 30 days- backtesting | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"30 trading habits in 30 days- backtesting | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Welcome back to our new series 30 trading habits in 30 days. I was at the Pig\u00a0\u2018N\u2019 Whistle on 3rd for lunch yesterday with 3 trading\/investing thought leaders at Baruch College.\u00a0 These young student traders asked: are markets going to be run exclusively by automated traders? I answered, \u201cNo.\u00a0 But a discretionary trading firm like ours has been doing much ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-15T14:05:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-24T13:29:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/10\/30day11.1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"334\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"smbcapital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"smbcapital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting\"},\"author\":{\"name\":\"smbcapital\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a\"},\"headline\":\"30 trading habits in 30 days- backtesting\",\"datePublished\":\"2015-10-15T14:05:22+00:00\",\"dateModified\":\"2023-05-24T13:29:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting\"},\"wordCount\":273,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/10\/30day11.1.jpg\",\"keywords\":[\"30\",\"automated trader\",\"backtesting\",\"daily\",\"days\",\"discretionary trading\",\"habits\",\"learn\",\"trades\"],\"articleSection\":[\"30 Trading Habits in 30 Days\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting\",\"name\":\"30 trading habits in 30 days- backtesting | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/10\/30day11.1.jpg\",\"datePublished\":\"2015-10-15T14:05:22+00:00\",\"dateModified\":\"2023-05-24T13:29:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/10\/30day11.1.jpg\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/10\/30day11.1.jpg\",\"width\":500,\"height\":334},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"30 trading habits in 30 days- backtesting\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a\",\"name\":\"smbcapital\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/smbcapital\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"30 trading habits in 30 days- backtesting | SMB Training","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting","og_locale":"en_US","og_type":"article","og_title":"30 trading habits in 30 days- backtesting | SMB Training","og_description":"Welcome back to our new series 30 trading habits in 30 days. I was at the Pig\u00a0\u2018N\u2019 Whistle on 3rd for lunch yesterday with 3 trading\/investing thought leaders at Baruch College.\u00a0 These young student traders asked: are markets going to be run exclusively by automated traders? I answered, \u201cNo.\u00a0 But a discretionary trading firm like ours has been doing much ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2015-10-15T14:05:22+00:00","article_modified_time":"2023-05-24T13:29:41+00:00","og_image":[{"width":500,"height":334,"url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/10\/30day11.1.jpg","type":"image\/jpeg"}],"author":"smbcapital","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"smbcapital","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting"},"author":{"name":"smbcapital","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a"},"headline":"30 trading habits in 30 days- backtesting","datePublished":"2015-10-15T14:05:22+00:00","dateModified":"2023-05-24T13:29:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting"},"wordCount":273,"commentCount":0,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/10\/30day11.1.jpg","keywords":["30","automated trader","backtesting","daily","days","discretionary trading","habits","learn","trades"],"articleSection":["30 Trading Habits in 30 Days"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting","url":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting","name":"30 trading habits in 30 days- backtesting | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/10\/30day11.1.jpg","datePublished":"2015-10-15T14:05:22+00:00","dateModified":"2023-05-24T13:29:41+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/10\/30day11.1.jpg","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/10\/30day11.1.jpg","width":500,"height":334},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-backtesting#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"30 trading habits in 30 days- backtesting"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a","name":"smbcapital","url":"https:\/\/www.smbtraining.com\/blog\/author\/smbcapital"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/42475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/290"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=42475"}],"version-history":[{"count":1,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/42475\/revisions"}],"predecessor-version":[{"id":55243,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/42475\/revisions\/55243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media\/42476"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=42475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=42475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=42475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}