Finding Your Edge
As we embark on this chapter, we will take a comprehensive journey through the various stages of developing and implementing a successful trading strategy. We will kick off with a solid foundation by understanding the essentials of a trading system, followed by identifying potential trading patterns that can shape your strategy. An essential aspect of our discussion will revolve around defining entry and exit points, a vital component for mitigating risks and securing profits.
Next, we’ll plunge into the rigors of backtesting and forward testing, which enable us to evaluate the potential viability and profitability of our strategy. Once we are confident with our strategy’s theoretical success, we will move on to paper trading, ...