ilmscore | Prediction Details
"and you have no idea what the statistical probability of being right is in that trade then you should be scared you should be worried about placing that trade because you are living in the realm of the unknown but once you back test the strategy and you see that out of a hundred trades if you would have taken every one of them in the same exact way using the set of rules that you have applied to your strategy that you have been right 70 out of those 100 times or 60 out of those 100 times and you know that you on average had more than a onetoone risk reward then it becomes effortless it becomes emotionless"
By The Trading Channel (The Trading Channel) | May 3, 2016 | Pending
From video
(Trading Tutorial ) How to trade using simple patterns 00:22:35 - 00:23:11
Interpreted Prediction
Backtesting provides statistical probability for a strategy, enabling traders to know their win rate and average risk-reward ratio, which reduces fear and emotion in trading.

Prediction Details

Topic
Backtesting and Statistical Probability

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