NakedMarkets

On the process to be listed on @yo_directory, thanks @j5p !

We’ve partnered with @NakedMarkets to offer 15% off all plans. Naked-Markets is a professional backtesting simulator built for swing traders. saveontrading.com/deal/naked-mar…

Late #quoteoftheday / week “If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” Bill Lipschutz Don't overcomplicate things. Backtest to build and test your strategy. Numbers are everything.

@tradertheory Very well, Mom. I work as a candles provider. Have a ton of green candles waiting to be sold, for halloween 🎃

@MeetMattL We've met a lot of them. We can introduce some of them to you if you want. Backtesting is not the holy grail, it just helps build your strategy and your confidence.

I've never met a trader who became profitable because they backtested for 3 hours a day. Lesson in that.

@tradermike1234 It all depends on the winratio related to each R:R ratio. You'll make more money with 1:10 RR with 25% winratio than a 1:1 RR with a 90% winratio. But it does not exists sadly

1:1 rr > 1:2 rr 1:1 rr > 1:3 rr 1:1 rr > 1:4 rr 1:1 rr >1:5 rr 1:1 rr >1:6 rr 1:1 rr >1:7 rr 1:1 rr > 1:8 rr 1:1 rr > 1:9 rr 1:1 rr > 1:10 rr 1:1 is king Understand and prosper

Are the financial markets random ? Our last blog talks about it : naked-markets.com/blog/Are-the-f… #forex #stocks #Crypto

@RajaBanks Trading psychology is bullshit until you face drawdowns. At this moment, your psychology can ruin or help you. Drawdowns are inevitable.

Trading psychology is all bullshit. Focus on 1 or 2 trades a day. That’s that.

@tradermike1234 You are right, but it's better to talk about %, not $ Because making 5k$ per month from $1000 capital, it's crazy risky. A ticking bomb. But making 5k$ per month with 500k$, it's more steady and wise. Appealing 500% vs. steady 1%

Don't let the internet fool you If you are making 5k, 6k, 7k or more a month You're doing very well for yourself

@TritonTrades Sure, but my point still stands 😉

@NakedMarkets You run a backtesting software, of course you're biased

Backtesting is useless. I've seen many traders with their "backtested strategy" of 80% winrate. I usually have 2 responses: 1. You only backtested for 2 months of data. It doesn't count. 2. Try applying that in the live markets. Everyone who replied said they didn't get the same results in the live markets. Backtesting is useful in certain scenarios. But I always recommend trading in the live markets on a prop challenge. Even if it's the smallest challenge. That's a better way to test your strategy.

Our brand new tool, allowing to trade/backtest 100% automated, will be ready very soon... We are cooking just fine ! The "rule manager" can define complex rules only by drag&dropping graphical items 🧐

@t0mbfx Not so paradoxical. We are obsessed with learning during the learning stage. Once it's done with your system, once you backtested it fully, forward tested it, you really don't care about the outcomes. Because you know your numbers. The rest is handling the psychological side.

You need to be obsessed with learning the game of trading But at the same time you need to act as if you don’t care when it’s actually time to trade It’s a weird paradox

Why @fx_replay is not able to simulate properly the markets ? Why your #fxreplay backtests are likely to be wrong and useless ? Everything explained here : naked-markets.com/blog/Why-Fxrep…

"Most traders take a good system and destroy it by trying to make it into a perfect system." Robert Prechter. #quoteoftheday Test your system and its performance without overfitting it. Use the best backtesting platform for that : Naked-Markets.

Want to have a monthly subscription for free ? Join our Discord server and take your chance. It's here : discord.gg/BWMBXJRyqQ 🤞

- Trader student : how many assets do you have ? - Naked-Markets : yes More than 1000 assets to #trade, all of them with seconds timeframes and tick accuracy #backtesting. That's there : naked-markets.com

Monday question of the week ❓ Should a backtesting tool be free to let the users test it before paying, like #nakedmarkets, or should it be paywalled, like #tradezella and #forextester ? Kind reminder : Naked-Markets is 100% free for swing traders. No limitation. At all.

“The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett. Take the time to train yourself by backtesting your #TradingStrategy and become funded.