Hi Guys,
I am just starting out and currently demo trading whilst testing strategies
I came across a video about testing your ability to stick to your rules/trade plan. By doing 25 trades and seeing if you can stick to all your rules without wavering. The aim is not to look at the money made, if any,just to review your ability to stick to the plan.
The rules should be relatively simple to implement.
Do you think this sounds like a good way to test yourself to see if you are ready to dedicate to a strategy. I have found this one of the toughest parts to trading so far sticking to the rules of a trading plan.
I am just starting out and currently demo trading whilst testing strategies
I came across a video about testing your ability to stick to your rules/trade plan. By doing 25 trades and seeing if you can stick to all your rules without wavering. The aim is not to look at the money made, if any,just to review your ability to stick to the plan.
The rules should be relatively simple to implement.
Do you think this sounds like a good way to test yourself to see if you are ready to dedicate to a strategy. I have found this one of the toughest parts to trading so far sticking to the rules of a trading plan.