It did not take too long when veteran traders were accustomed to drawing trend lines using paper and pen. Market data were sent to them by regular mail and there were no computers or trade offices at the time. Were they really not able to work without using graphic platforms that offer advanced analytics? Were they all losers? I think they were not only doing well but compared to my fellow traders (including me) they were very sophisticated traders. I do not want to underestimate anyone because we still have many legendary traders and hundreds of good traders who earn money around the world on a daily basis. What I mean here are those traders who believe that their losing accounts came from not having the best strategy to trade in security at the same time they expect to achieve one million dollars in one year by starting a Aria APP trading account worth $ 10,000.
While trading strategy is known as a reliable way to earn money from traders, there are still some questions to be asked to assess the accuracy of any particular strategy:
Does the strategy work in trending or cross-sectional markets?
If a strategy is based on the existence of the trend, then what will it offer to trade in the cross-market and vice versa for strategies based on the side market?
Is it a daily trading strategy or a long term trading signal? If it is a long-term strategy, what are the potential downside levels in the form of points?
Are there any historical records of the performance of this strategy on the real accounts and if the answer is yes, how long did it take? (Do not rely on less than a year)
What is the average of the highest risk-to-earnings ratio during last year’s deals?
Is anyone using the strategy on the real account? (Beware of marketing methods and ask your question to someone who can be trusted).
What are the results of transactions made using this strategy with the trader mentioned? Even if they are positive, do not trust that the same approach used can work with you because even if there is a common strategy with common characteristics, it may not suit all traders. For this it may be misleading to test it yourself in this case.
Ask the developer about the psychological stress that may appear when using this strategy on real accounts (it is advisable to ask your teacher to analyze the strategy)
Do you use exit and stop loss rules in changing market conditions?
Ask the developer if he can come back periodically to ask questions about some points that you do not understand well (do not do it 100 times a week because he will not sell any strategy to you)
However, I know a few individuals who have suffered real damage and were disappointed when they tried to apply the strategy they had received since the first day. That’s why I’m serious when I say Never try a new strategy at the expense of your real Delta APP trading unless you’ve discussed it with an expert and given you the green light, or if you’ve been testing yourself continuously for a year.
You may ask how long? A whole year … It’s a very long time … I can not wait !! Well you can try it but it will be like gambling … do you know gambling … many jack cards but none of them are winning.
Let science make you rich by step. You never think you are smarter than any other trader because nobody knows what will happen next. That is why it is better to follow the wise traders who make a profit because they are disciplined and spend a lot of time in training before they apply anything to their real money. Try to recognize yourself if you feel that you are not sure enough of your abilities and try to solve problems using patience and remember that it would be worthwhile if you made millions of dollars in three or even five years instead of losing what you earned from hard work in a few days.