236: In 10 Years, Will Your "Mechanical Trading Strategy" Still Work? Pro Trader, Kevin Davey, Explains

I'm honored to welcome back Kevin Davey, a distinguished expert in the field of Algorithmic Trading. Reappearing after a our interview eight years ago, Kevin brings forth a wealth of invaluable insights useful for any tr Full episode + show notes: https://tradingnut.com/kevin-davey-2/ Key moments - [11:44] Trading ideas are your raw material and they come into your factory just like if you are building watches, you want metal. - [13:59] When you have that mindset of “Hey, I’m just going to be the ultimate trader”, you won’t know when you actually have something good because what you’re looking for is something that’s unusually great. - [16:41] Usually, the more complicated your idea is, the more perfect it is. - [22:28] Discretionary traders do have a very tough time switching to algo trading and vice versa. - [23:06] The mindset of a discretionary trader and an algo trader are totally different. - [28:24] Out-of-Sample data is the best way to predict your future performance. - [28:48] There’s always some luck involved in a good back test. - [47:24] You don’t necessarily need thousands of trades to get something to work. - [58:48] You really have to have a plan upfront for when you’re going to stop trading any of these strategies. - [59:43] What is optimum is having something in place before you start trading. - [65:09] There’s one of the things people don’t realize with algos is no matter what software you use it’s not going to be trouble-free. Watch: https://www.youtube.com/watch?v=2arOhjGWErQ --- Sponsors BlackBull Markets - 100% deposit bonus & free TradingView — NZ-regulated broker. https://tradingnut.com/go/blackbull/ PropFirmMatch - Find the right prop firm challenge — PropFirmMatch.com https://tradingnut.com/go/pfm/ --- More from Trading Nut Strategy Vault - Free guest setups organised by market & method. https://tradingnut.com/go/vault/ TraderZen - Free trade control & mindset app for active traders. https://tradingnut.com/go/traderzen/ Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup. https://tradingnut.com/go/dtc/ --- Educational only - not financial advice. Risk: https://tradingnut.com/disclaimers/ Some links are affiliate partnerships.