Backtesting is good for the amount of data testing in Forex
And you still build that intuition from experience, and you keep improving that’s where you reach mastery, you’re no longer analyzing it more personal intuition there are fewer mechanical experts where you move beyond relying on rules, it’s a little intuitive understanding of the shadow there when you retire the practice of testing but The two main tools that you need are just that journal that you put Plan G on a few times and then collect that data is the mindset that you’re not trying to win, you’re trying to collect data.
Backtesting is good for the amount of data testing in Forex
So it doesn’t matter if you win or lose, you’re still gaining on every trade you make, so honing and refining is a skill all of these things are skills you get better at journaling the more you do it, you get better at creating a plan the more you do it the same way with This, this is the stage of okay, do you backtest or do you do forward testing when you want to improve a skill that you want to be silly.
Also, I think I’m having a stroke, and you want it to be specific, where we move on to executing that skill as much as possible, so if you’re trying to improve your three-point shooting in basketball, you’re not going to dribble, make some shots on the three-point line, how does that relate to trading, Backtesting is good maybe for the amount of data testing but in terms of quality, it seems so far removed from live trading that you lose the sense of time.
Factor backtesting trades for forex trading
It’s a factor that doesn’t train your intuition much, it’s just yeah it’s good for quant for pure technical analysis maybe it’s purely mechanical-wise but every time I backtested I didn’t get anything better in trading, so for backtesting it’s much better, it just takes longer A little bit, and you have to be a little more patient, but patience is a skill you need to develop in trading.
It’s all about patience, if you’re not patient you’ll never do it. You become profitable because 99% of the time you are just waiting, you are waiting for a trade, you are waiting for it while you are in a trade, you get out of it and then you are waiting again, so you are constantly waiting, so why do that?
Don’t get better at that and focus on testing the immediate conditions, yeah, you know there’s no connection to the money I liked the idea, so I used to do a test on the accounts so you can have a small account of the props in terms of size and then I just have The four-test mentality, so I would test the system’s focus on collecting data and not trying to win at a special expense.
Practice Trading Risk Psychology for Forex Profitability
Because the risks are defined and then you can just focus on collecting the data with some attachment to the outcome and you can practice that psychology as well once you have enough data and then you can move on to adding some risk or some attachment to the outcome, and that’s kind of like the longer phase.
I think you’re going to be like jumping back and forth from here you might think you’re ready, go to the account size you think you’re ready for, and then the psychology comes in and then you screw it up and come back, I blew up five sponsored accounts before I first got it funding is a bad thing, it was It could be a bad thing if I don’t learn from this.
But every time I messed it up, I got better at one thing I kept the account longer, I was less anxious about entering a trade, and I stuck to my plan More of these things you kind of like You need experience, so the only way you can improve is by That experience.
You must bear what Forex may lose of your money
So you have to lose so you can feel comfortable making trades and being like and winning, how can you become good or comfortable at being in the draw while taking losses, how can you break away from taking a support account, the challenge and like that losing, the ability to like to be In peace, how do you feel comfortable even though you lose so many times.
You might go through long periods of drawdown where you take eight I’ve been through nine losses in a row and then you go through that and then you realize it’s not that bad and then the damn thing is like what if you decide to be happy when you go through that because you’re focused on your plan, you’re collecting data, and you’re happy to take Eight losses in a row, then nothing is holding you back.
You can listen to your intuition while trading Forex
You can then trade this little life account like a zero results demo account like you have that demo mentality, like demo trading is a lot easier I think, like most of you, it’s a lot easier to trade on the demo account because you’re tied to it, you can just like execute.
You can listen to your intuition without it being degraded by fear or greed, that is always my focus like how can I be as detached from the outcome as possible, how can I have that experimental mindset in a certain risk, I know that going through losing periods are not bad things, the more I try to avoid Something whenever you force it to happen. The more you focus on something like this, the more likely you are to get it.
Summary
If you focus on losing and trying to avoid losses, you will lose but yes, a small Life account still likes testing and practicing proving psychology but psychology is not. The reason you’re not profitable is not a symptom that everyone is focusing or focusing on their psyche but they don’t plan they don’t have a plan, they don’t know what they’re doing they don’t have a defined edge so you should be worried because you’re not prepared.
