ilmscore | Prediction Details
"but the only way to know if said strategy does provide an edge over the market is to back test which is step number four or number four on this checklist is to back test that strategy so your strategy is going to be a rules-based approach to every single time you trade based on a number of technical factors that's why we need to learn technical analysis first and then learn or create a strategy and then we back test that strategy to ensure that it's profitable even if you learned it from a pro trader like myself you still need to go test it to be sure it's profitable and be sure you're seeing the market in the same way i am and there's no other way to see if this said strategy was profitable in the past 100 trades other than testing it in the past 100 trades right"
By The Trading Channel (The Trading Channel) | February 26, 2021 | Pending
From video
The Ultimate Swing Trading Guide For Beginners (ALL YOU NEED TO KNOW) 00:25:19 - 00:26:10
Interpreted Prediction
Backtesting a strategy is critical to confirm if it provides an edge and is profitable. This involves testing the strategy over at least 100 past trades, even if learned from an experienced trader, to ensure its profitability and to align one's market perception with the strategy's performance.

Prediction Details

Topic
Trading Success Checklist - Backtesting

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