by Tom Nunamaker | Feb 19, 2026 | Futures trading, Trading
You ran a backtest. The equity curve goes up. The profit factor is above 1. You're ready to trade it live, right? Not so fast. A positive backtest is the beginning of the evaluation process, not the end. Most strategies with good-looking results are the product of...
by Tom Nunamaker | Aug 3, 2025 | Trading
Let's be blunt: prop firm trading looks like easy money from the outside. Get funded with someone else's capital, make some trades, split the profits. What could go wrong? Well, everything. And I mean everything. Here's the brutal math: only 22% of traders even make...
by Tom Nunamaker | Feb 27, 2015 | Options trading, Trading
Bill Ghauri presented “What Automated BackTesting Taught Me about Risk/Money Management.” Bill custom coded his own option back testing platform using MS SQL server and Excel. He showed how important controlling risk and sizing your positions. Bill is...
