What is YOUR story? Forget about wsb
Best Year % Gain Maximum % drawdown Lets Go!
And if he lost such a large portion of his account, he may just consider it blown at this point because he obviously lacks the skills to make it back.
With the kind of risk these guys are taking, I would say stop trading at any amount above zero...better still get out when still ahead. It doesn't...
It's not that straightforward. First, I would have to backtest at least 10 pre-selected assets - not one. The pre-selection process makes...
There are your answers.
This is part of the reason why I am skeptical about trading a shorter time frame that I'm used to. I can't truly tell whether it is worth trading...
I decided to forward test only because the market is evolving rapidly. Thank you.
Yes. It is a set of rules. I haven't automated anything because I am a retail trader with no background in programming/coding. I am a...
1. A strategy with an edge. Without a model/strategy that has an edge, no amount of discipline, risk management etc will save you from losing...
I'm paper trading before committing any real $$. I am not a tech-savvy person so I will forward-test the strategy to see if it works. I'm the...
A 700k+ drawdown from an account size of less than $3M? Over 23% loss in one trade. Those guys will blow up soon if they haven't already.
I have decided to paper trade it for 50 trades for testing purposes.
Yeah. Both profits (if test shows a success) or avoid losses (if test shows failure). I guess Daily and 4-hourly respectively.
That's what I'm pondering right now. To forward-test the strategy (paper trade) with 50-100 trades and get a general idea. I might have to forego...
Yes. The market has changed considerably in size since the last time. Backtesting may give misleading information. Markets move slower when larger.
Is it possible to apply a profitable strategy on shorter time frames?? The strategy has served me well on longer time frames and I'm wondering...
Thank you for the reply. I am a strictly discretionary trader. After reading your response, I think that my best approach would be working for a...
I'm already doing that but I need to accelerate the process without taking more risk. That's why I'm planning to build a track record with the aim...
I will give you a few tricks based on my own experience and knowledge, which may or may not be correct (I'm still a student of the market). -...
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