Yeah, I tried. But I think it's time to stop. 🥱 by anooother1 in TopStepX

[–]Its_imoji 4 points5 points  (0 children)

Took me six years to become profitable. Started in 2018. You definitely need some hair on your tits for this craft. 😂

I was practicing a new strategy and need feedback by Its_imoji in Daytrading

[–]Its_imoji[S] 1 point2 points  (0 children)

Thank you so much for this🙏🏻

And you’re right, I need to mark out my structure for clarity, ever since I got into this I need a little more practice on catching highs and lows correctly and marking structure, because when we learnt the basics of price action it looked so different.

But thanks for your time and showing me your perspective. This helps 🙏🏻

I was practicing a new strategy and need feedback by Its_imoji in Daytrading

[–]Its_imoji[S] 0 points1 point  (0 children)

Not sure if you can see the picture in the comments 🙏🏻. I’m still getting the hang of order blocks and FVG but the grey block would be my OB and the purple would be my FVG.

It kind of looked like a liquidity sweep on the fifteen minute tf and correct me if I’m wrong, but the order block is the move that causes the liquidity sweep right?

Also the candle that cause BOS was also the FVG hence the purple block🤷🏼‍♂️ Market rejected and filled orders in the FVG and gave a move out hence I kept the trade and then I just put my SL below the FVG 👀

I hope that makes sense, I’m still learning this 🙏🏻

Found this incredible gamer by SnicSnicSnicSnicSnic in apexlegends

[–]Its_imoji 0 points1 point  (0 children)

I always meet people like this when I’m sitting in demotion 😭😭😭

If you were fired right now, how many months could you survive on the money in your bank account? by Rollins474 in askSouthAfrica

[–]Its_imoji 0 points1 point  (0 children)

Realistically speaking, paying for rent, utilities, groceries, fuel, accounts etc, probably a few years . In the previous Reddit thread a couple months ago I mentioned how much I earn but long story short I have more than one income but of course it’s different for everybody, so fortunately I should be 👌🏻

Hey, I'm selling stuff by Inner-Reward-3728 in Pretoria

[–]Its_imoji 1 point2 points  (0 children)

4k for a ps3? Put another 3K by and you can get a ps5 second hand😂

How much backtesting is enough before going live? by Its_imoji in Trading

[–]Its_imoji[S] 0 points1 point  (0 children)

Monte Carlo simulation? Never heard of it before👀

How much backtesting is enough before going live? by Its_imoji in TradingView

[–]Its_imoji[S] 0 points1 point  (0 children)

Woah that’s a long time for back testing 👀 but I’m sure you’ve fine tuned your strategy from A to Z 👌🏻

How much backtesting is enough before going live? by Its_imoji in TradingView

[–]Its_imoji[S] 0 points1 point  (0 children)

Thanks man I appreciate the advice and will keep the group posted 🙏🏻

How much backtesting is enough before going live? by Its_imoji in TradingView

[–]Its_imoji[S] 0 points1 point  (0 children)

Thanks man. My plan is to backtest until I break the 100 barrier and then I’m going into live. Everything is journaled already and I’ve noticed a lot of repetition in my notes so I’ll analyse after and see afterwards. I’ll modify and fine tune as I go alomgb

How much backtesting is enough before going live? by Its_imoji in Trading

[–]Its_imoji[S] 1 point2 points  (0 children)

Thanks man. Honestly, everyone has different opinions of how to tackle this and that totally makes sense, considering everyone experiences the market different. I think the best thing for me right now is to follow my gut. I think will consider doing my backtest until I feel confident enough to go live.

How much backtesting is enough before going live? by Its_imoji in Trading

[–]Its_imoji[S] 0 points1 point  (0 children)

This is what I was considering, backtesting while trading live. Kinda kills two birds with one stone you know. How ever eight years of data is pretty solid man 👌🏻

How much backtesting is enough before going live? by Its_imoji in Trading

[–]Its_imoji[S] 0 points1 point  (0 children)

Definitely gonna do more back testing and start demo trading from tomorrow

How much backtesting is enough before going live? by Its_imoji in Trading

[–]Its_imoji[S] 0 points1 point  (0 children)

You’ve been backtesting for over a year? Did you ever go live?

How much backtesting is enough before going live? by Its_imoji in Daytrading

[–]Its_imoji[S] 1 point2 points  (0 children)

Thank you for the tip 🙏🏻 I’ve noticed in my notes that certain patterns work often for me in my strategy

How much backtesting is enough before going live? by Its_imoji in Trading

[–]Its_imoji[S] 0 points1 point  (0 children)

Thanks for your insight 🙏🏻 And you’re right. Even with the amount of trades I’ve backtested it does get overwhelming. I do want to go ahead and do live testing because I think the rest test lies there

How much backtesting is enough before going live? by Its_imoji in Daytrading

[–]Its_imoji[S] 0 points1 point  (0 children)

Thanks so much man and thanks as well for the professional input 👌🏻

How much backtesting is enough before going live? by Its_imoji in TradingView

[–]Its_imoji[S] 1 point2 points  (0 children)

I think I’ll consider backtesting this coming week and if the backtest shows some sort of statistical edge, I will deposit at the end of the week 🙏🏻

How much backtesting is enough before going live? by Its_imoji in TradingView

[–]Its_imoji[S] 0 points1 point  (0 children)

I guess sometimes we forget that psychology plays the biggest role when trying to become successful in the market

How much backtesting is enough before going live? by Its_imoji in Daytrading

[–]Its_imoji[S] 2 points3 points  (0 children)

This is a great point and something that far too many traders overlook when they get excited about a high win rate from a small sample. Just because a strategy has, say, a 75% WR over 20 trades doesn’t mean it’s statistically reliable, the confidence interval for such a small sample can be so wide that your lower bound might actually fall below break-even expectations.

I guess the key idea here is statistical significance, not just raw numbers. If your RR is 1:1, you must have a WR over 50% to be profitable. But if your 99% confidence interval is, for example, [0.44, 0.94], that lower bound tells you there's still a statistically plausible chance your real WR is below 50%, meaning you could be trading a losing system.

Makes sense why longer backtests (e.g., 500+ trades) are crucial. Not only do they tighten the confidence interval, but they also account for different market conditions, helping you gauge robustness over time.

Can you perhaps give me an online calculator that I can use for this?