Aloha! We are Glenn & Reid, founders of Hawai'i Trading Academy.Our mission: Cultivate & sustain profitable traders.Our ethos: Be honest and transparent as we build our content off of what we consider three pillars of successful trading: Risk Management, Edge, and Psychology.In this episodes, we discuss why backtesting is important and why we still do it 10 years in the game. There are different backtesting methods and if you want to stay on point and in-sync, backtesting along with journaling is the way to go.Reasons to backtest:Know your edge - results. Testing if the strategy has an edge.Gain confidence in your systemGain confidence back after string of losses/DD.Understanding risk and drawdowns within your systemAntsy, really want to get in the market when there is no edge.Stats to look for in backtesting:1) % gained2) Wins3) Losses4) Max drawdown5) Average win/loss6) reward/risk ratio7) Average time in tradeOur HTA vids on backtesting: https://training.hawaiitradingacademy.com/offers/S6tPzdkS/checkoutFor more information about Trading Education in Hawaii, visit our links below:Bootcamp & Trainings: https://training.hawaiitradingacademy.com/storeWebsite: https://bit.ly/HawaiiTradingHTA TV: https://bit.ly/3sLQpnIPodcast: https://spoti.fi/3wfbqF7Youtube: https://bit.ly/HTAtubeInstagram: https://bit.ly/HTAigFacebook: https://bit.ly/HTAfaceTwitter: https://bit.ly/HTAtweetCreate Your Own Success In The Markets.Book a FREE call with us: https://bit.ly/3EwgpGjReady to take the leap to get funded? Click the link below!https://www.surgetrader.com/?afmc=HTAMahalo for listening.Safe Trading!

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