Style Drift -Changing your strategy mid stream

Discussion in Psychology and Money Management

Updated March 26, 2013

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Style Drift -Changing your strategy mid stream

March 22nd, 2013, 10:39 PM

#1 (permalink)

Silver Dragon

Cincinnati Ohio

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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

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March 26th, 2013, 12:02 AM	#3 (permalink)
TraderRach Auckland, New Zealand Posts: 21 since Oct 2012 Thanks Given: 8 Thanks Received: 27	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

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Last Updated on March 26, 2013

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