@SDX_Trades People are way more hasty when it comes to closing positions that have negative profit compared to the ones that are winning. That’s part of the reason why 95% traders lose money
@realweirdgene 1. Create a strategy 2. Backtest it to see if it works 3. If it doesn’t go back to step 1 4. Use your strategy like you used it during backtesting - no emotions, no bullshit
I think the trading community is taking the situation in Iran too lightly. I understand that you are holding gold, but that’s not a reason to be happy about a huge war.
I cannot stress this enough, your strategy is not good nor bad unless you test it on at least 100 times while following your rules. I’m sorry, but if you backtested only 10 trades, statistically it doesn’t tell you anything
@reeyah_sa Risk management from the definition includes impatience and overleveraging, there is no such thing as bad strategies, there are just untested ones
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