This one is going to be a little bit different, a little bit deeper and a little bit harder to listen to rather than usual technical analysis. I recommend you sit down and listen to this. Have a think whether it relates to you or whether you found yourself in this position, or even if you've gone through this position and share your experience on how you go through it. A lot of traders struggle with their strategy, jumping from aspects of trading and that's why so many educators out there make a lot of money off of them. It is time to stop.
In this video I outlay a challenge that I put to all the traders who may find themselves in this position to sit down and to thoroughly test their current or previous strategies and understand them on a deeper level. No more jumping around, no more looking outwards. Let's start looking inwards. Let's see the data that we have handed to us and what we can do to improve that data.
If you enjoyed this video, please leave a comment. Leave a like, if we do get enough likes and comments, I will make a Part 2 on how to go about this with a more depth avenue while using different resources.
As always, have a fantastic training week.
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Can you make a video on actually doing what you said with some simple beginner strategy - like how you backtest some strategy?
the5erstrading
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@blooo, Sure, I will make on in the future for you!
blooo
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@the5erstrading, thank you very much. Thanks to your video I learned some pinescript and did backtesting found my intuition was unprofitable most of the time. No more random trading!
Great words but with so many gurus out there with their own strategies how does a beginner start. I mean can you point one direction that could help us start.
ashutoshraj292
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@jdhomeuse your eyes and brain are enough to make you learn. Search stacey burke, mentfx ,ict. Choose one out of three that suits you.
the5erstrading
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@jdhomeuse, Tough question to answer, but I guess use peoples content, learn the very basics, then when it comes down to building a strategy, take it more seriously.
qwertyuioped
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@jdhomeuse OP already said it, get any strategy back tested it thoroughly. find out the RR, Winrate, consecutive sl/tp and you will have the answer. It can be as simple as coin flip or as advance as elliot wave. No single shirt will fit everyone. Cheers.