Style Drift -Changing your strategy mid stream

March 22nd, 2013, 10:39 PM

Hello Traders,

Bob Iaccino TopstepTrader's Chief Market Strategist talks about Style Drift. At high level this means changing your strategy or making adjustments when you are in a winning / losing streak. I am guilty of doing this. In fact I was doing Style Drift as of 2 weeks ago. Bob stresses the importance of staying with one set of rules even if they are not perfect and reviewing them and adjusting them on a monthly or quarterly basis. No matter what level trader you are there is value in listening to the interview.

The Style Drift segment begins about 11:15 into the interview. The rest of the interview is excellent as well.

Robert

March 26th, 2013, 12:02 AM

Hi Robert

Thank you for sharing the video.

I'd like to reiterate that it's very important not to change your strategy too frequently to respond to market conditions. Often when a strategy is performing it's worst, the good times are just around the corner. In fact, during a particularly bad run of losses is usually the worst time to change a system.

Trading profitably is about having faith in your system to trade it through to achieve it's edge.

CONSISTENCY is key.

Cheers Rach

Style Drift -Changing your strategy mid stream

Discussion in Psychology and Money Management

Style Drift -Changing your strategy mid stream