Unpopular opinion:
The biggest problem in the world of trading isn’t the people who are looking for an “edge.”
The problem is that too many people claim they have an edge as if it were a money-making machine.
In reality, a new strategy can only be said to have an edge if it’s been tested with data, enough samples, fees, slippage, drawdown, and in different market conditions.
So if someone says their strategy is 90% accurate, don’t just believe it.
Ask for the data.
In your opinion, how many “edge” traders are actually just the result of a good backtest?
$BTC
The biggest problem in the world of trading isn’t the people who are looking for an “edge.”
The problem is that too many people claim they have an edge as if it were a money-making machine.
In reality, a new strategy can only be said to have an edge if it’s been tested with data, enough samples, fees, slippage, drawdown, and in different market conditions.
So if someone says their strategy is 90% accurate, don’t just believe it.
Ask for the data.
In your opinion, how many “edge” traders are actually just the result of a good backtest?
$BTC