As promised I will periodically make these backtesting/chart work videos on different markets, pairs and timeframes. This is for me to present the importance of backtesting in trading consistency. Not only it will help traders to not have emotional decisions such as FOMO or fear of losing, it will give traders confidence at identifying trade opportunities and execute them when the time comes. The more we do backtesting, the easier we spot an entry, setting a SL/TP, and remove any emotional decisions.
Today I want to go into the US Indices, specifically the SPY, NASDAQ, DOW. I will pick a few market crashed examples and dig deeper into them.
Few educational videos below on the topic of backtesting, and why it will help you in your trading journey.
How & Why I backtest:
Prevent Blowing an account by backtesting:
Backtesting & Chartwork on USDCAD:
Any questions, comments, or feedback please let me know :)
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