5 Reasons Why You Should Backtest
09/01/21 • 16 min
Backtesting is the most under-utilized secret weapon in trading.
It's not a secret because successful traders don’t want you to know about it. All great trading mentors will tell you about backtesting. It’s a secret because most traders don’t want to know about it.
It’s not glamorous. It’s not sexy.
Many people find it to be boring, monotonous, difficult, and worst of all, pointless. They’ve been led to believe that backtesting doesn’t work or isn’t worthwhile, so they don’t bother with it, or they do a poor job of it.
But I disagree with that attitude completely. In today's episode I explain why.
Zen & The Art of Trading:
Episode Links & Resources:
Backtesting is the most under-utilized secret weapon in trading.
It's not a secret because successful traders don’t want you to know about it. All great trading mentors will tell you about backtesting. It’s a secret because most traders don’t want to know about it.
It’s not glamorous. It’s not sexy.
Many people find it to be boring, monotonous, difficult, and worst of all, pointless. They’ve been led to believe that backtesting doesn’t work or isn’t worthwhile, so they don’t bother with it, or they do a poor job of it.
But I disagree with that attitude completely. In today's episode I explain why.
Zen & The Art of Trading:
Episode Links & Resources:
Previous Episode
10 Untold Truths About Trading
There are certain elements of trading that don't get mentioned as often as they should because most people who have a trading system or trading course to sell don't want to deter you from buying from them.
But the truth is, there are a lot of unsexy things involved in becoming a profitable trader.
Here is my top 10 list of untold truths about trading based on my experience as a retail trader who went from consistently struggling to consistently profitable over the past few years.
Zen & The Art of Trading:
Episode Links & Resources:
Next Episode
How to Find A Trading Mentor
Scienctific research and the experience of countless successful people has shown that having a mentor to help guide you through a learning journey is one of the most effective ways to guarantee your own success.
Nowhere is this more true than in trading.
This episode explores my thoughts and experiences regarding mentorship, and includes a few tips on how you can find your own perfect trading mentor.
Zen & The Art of Trading:
Episode Links & Resources:
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/the-art-of-trading-546451/5-reasons-why-you-should-backtest-70196573"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to 5 reasons why you should backtest on goodpods" style="width: 225px" /> </a>
Copy