thr exists no way of building conviction on ur trading process
except "backtesting"
Its not just about the response in price after the chart set up is formed,
scaling in potential
Volatility risk
Impact of demand etc etc
thr r lot many important parameters to b quantified.
1/5
except "backtesting"
Its not just about the response in price after the chart set up is formed,
scaling in potential
Volatility risk
Impact of demand etc etc
thr r lot many important parameters to b quantified.
1/5
https://twitter.com/ProdigalTrader/status/1318101698305404929
All the trading decisions u take in ur trading
has to be backrtested for the last min 5 years data.
Suppose u havent done any backtesting, and u have position which goes against u
u would be just holding it based on ur emotions.
2/5
has to be backrtested for the last min 5 years data.
Suppose u havent done any backtesting, and u have position which goes against u
u would be just holding it based on ur emotions.
2/5
u dont have any idea about what are the chances for price to regain all the losses
But if u have done the BT, then u will have an exact point of price beyond which there is no hope for any recovery.
3/5
But if u have done the BT, then u will have an exact point of price beyond which there is no hope for any recovery.
3/5
This is just an example
In the same way, all kinds of market moves which influence ur trading decisions can be checked how it behaved in the past.
Also, in the past how those were consistant in producing the favourable results in live market.
4/5
In the same way, all kinds of market moves which influence ur trading decisions can be checked how it behaved in the past.
Also, in the past how those were consistant in producing the favourable results in live market.
4/5
Conviction and trust is something related to ur emotional stability and psychology. But building it completely mechanical process
5/5
5/5
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