ilmscore | After A Decade Of Trading, This Is The Greatest Lesson I Ever Learned...

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Unrated: 0
Prediction
Topic
Status
A trading strategy must have a proven statistical advantage based on historical data to ensure future profitability.
"you need a statistic advantage that has proven to be profitable in historic data so that you know as the likelihood of being profitable in the future"
Trading Strategy Effectiveness
Pending
Suggests demo trading for approximately three months to build confidence and improve trading psychology before trading live.
"I normally suggest students do this for like three months"
Demo Trading Duration
Pending
Completing backtesting, demo trading for 90 days, and adhering to risk management rules (risk per trade, overall exposure) will significantly improve trading psychology and discipline.
"back testing and demo trading you're trading live with an amount of money you're willing to lose and by trading a risk per trade you're willing to accept while also having an overall risk exposure you accept you would be amazed at how much that improves your trading psychology"
Backtesting and Demo Trading Impact
Pending