i thought the same thing the other day. backtesting does nothing other than showing you the statistical probability of your strategy. but once you’ve done that for a bit…it doesn’t serve you anymore because it literally does nothing 😂
I have a strategy that's finally working with me after 3 years of failing...but I backtest alot out of guilt because I think I need to be working...and also I'm bored waiting for prop firm challenges to pass and start paying out so I can start having fun
“All backtesting tells you is how well the strategy works, not how well *you* work.” You have no idea how much I needed to hear that line. Thanks Doyle
Backtest makes you trust the strategy : if you know that you’re strategy is 50% win rate, max losing streak = 4, and average monthly profit is 5%, you won’t get pissed off if you lose 2 times in a row in real market or if you make only 3% that month. (I used to suffer from this but after i backtested my strategy and i know its worth im good in my mind rn) Second this is that, backtest trains you to follow your plan and execute when the rules are present. It builds an habitude on your mind, and that’s really improve you as a trader. MY OWN OPINION
I recently found that 2Rs work best for me. I was also getting burned tryna catch high RR trades. Many people get butthurt when price keeps running past their TP, but that's the FOMO and greed kicking in. Remember that y'all won the trade and you'll be ok if price continues on without you; DON'T OVERTRADE!
And people thought I was crazy with saying I prefer "forward testing" rather than backtesting. Sure with backtesting you can take notes and do reviews of trades BUT actually seeing something in your playbook unfold in front of you in real time is the best teacher! Backtesting doesn't assure you'd be real with yourself cause you can always say "I'd take this trade if this happened" etc... but you don't actually know until it's happening in real time.
Back testing is important to build confidence that the strategy works but if you can’t execute in real time and keep your emotions and anxiety in check then you won’t be successful
Yes totally agree with you on this one & all other things I also agree with @doyle_e. I normally backtest random dates using the TF I trade and trade my strategy. I use the capital I have to also see how I manage risk.
Welp... Somebody had to say it. I'm learning these things as I'm on my trading journey as well. Back testing and studying helps but those live markets are gonna be your real test. Thank you for these gems 🙌🏽.
I only have one tip for successful day trading and that tip is. Find the strategy that works best for your personality and exercise consistent discipline with that strategy and you will succeed! Enter when your rules say to enter and cut when you no longer have the advantage!
I believe all that backtesting was incredibly beneficial for you. It gave you valuable experience with the charts, which is essential. By observing patterns and how the market moves, you've gained a deeper understanding.
I do think trading with a larger capital will help you grow your account bigger. It's all about risk management. Me personally, if I had a bigger account, my goal would be to only catch between 10-20 pips on twin trading. The goal is to close in profit!
Good video. I think some people when they say, "Trading with more capital makes you more profitable", they mean that you'll feel less need to overleverage to make a decent amount.
I think the biggest issue with back testing is actually executing like you said. Some people have a strategy to trade during NY, but during backtesting, they say they'll place a trade during London, and not even realizing it. Then they'll get skewed data and a false sense of accomplishment. But, trading is so difficult to explain what works for one and doesn't work for the other. Psychology in trading is the hardest to explain, because everyone learns differently. Some may need to have a ton of backtesting, while for others, they just need the reps. Each person needs to learn their own trading style. I hate scalping, while some thrive in it. I prefer to stay in my trades for hours, while some only prefer minutes. Many say in order to have success with trading, you need to be obsessed. I think the people who agree with not having to backtest so much, are the ones who are already beyond that phase. Some may argue that it is necessary in the journey. It shows dedication. I just hope everyone gets there.
I agree with everything you said especially backtesting. Being able to see if u win n lose instantly vs waiting sometimes hours can be mentally taxing and backtesting dont help with that. I learn more forward testing.
I Only have one disagreement with this and that is that back testing makes you better with your strategy. I believe this is true because back testing lets you approach the markets with confidence and assurance that even if you lose based on your strategies performance, you will eventually be on the winning side . Is it good to do it a lot especially when you’re starting out, but I know someone like you, Doyle who is already profitable Wouldn’t need to back as much Obviously. It may not be the same experiences, as live but it’s kind of like the same sense as preparing for the war versus fighting the war.
Another great vid bro. I’ve been watching you since I started last year and now I I’m fully submerged in the whole trading world. Your mentoring and car conversations really helped me a lot through out my journey. Tbh I’d rather Forward test than backtest. It taught me patience and disciple.
Speaking the truth as always! The trading journey in the beginning is like a rollercoaster with all the information they like to throw at us and how our emotions are played with when taking a live trade. However, learning to cut out the noise and focus on yourself and trading style, is when real progress is made.
Only one I’d say something about is the capital part , I agree it’s not “easier” to be profitable but it’s definitely easier to trade and be okay with ur win for the day, no overtrading etc because ur okay with the win, and don’t wanna keep trading nor do u want to blow tht , so it physiologically for me makes me more disciplined
I totally agree with this video. Especially when you said high risk to reward. When I shortened up my risk to reward, I started hitting my TP. Especially when you said backtesting. Backtesting definitely just makes you aware of what’s going on. Which is needed in trading. The only true experience is to either blow some accounts or trade with a 0.01 lot size to minimize loss.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
this is true, learning many strategies does not gurantee success it's all about knowing which system works for you building that system and removing errors from it as you gain experience the only time you can switch a strategy is when you have forward tested more than a 100 times understanding that what wins you trade is risk management and a good system is when you get enlighten.
Appreciate this video so much bro! I'm beginning my day trading journey and you just gave me the biggest battery through this video. Free game bro mad love.
I think you’re right on all points. Only one I had a little push back on is the capital. In my opinion I think more capital gives you a bit more confidence during draw down.
All of these misconceptions are determined by your risk tolerance and your ability to grasp the skill. Backtesting for a month helped me, but I haven't needed to backtest since that month. I also don't see the need to use high RR's as long as ur profitable and get good entries
Bro. I been checking in for a min and I fuck wit this. Every point you making that ain’t true is really true to life and spirituality. Success is the same across the board
The way you said is true , about not everyone will be trading same way I’ve been scalping and it didn’t work for me, so I decided to move to higher time frame, and instead of taking 4-5 trades a week, I switch to taking 1-2 trades a week (US30) I started to feel more confident because I’m trying to shoot once or twice a week and I don’t really feel nothing when is going against me, because I trade 1:2 RR I just need 50% win rate a month to be profitable, and just now I got rid off FOMO if I see it reacted from zone I was waiting for and move happen, man I just skip and say doit next time is cool. 😂😂😂 but I’m in this since 2021 so I’m proud to say I become consistent nowa days.
Hey doyle i have a question, after you learn a strategy through backtesting and you want to start risking $$ what do you recommend for getting funded asap? Getting a personal account with low capital and taking low risk trades to get emotions in check? or do you recommend just getting straight into buying challenges?
It's easier when you have a larger account It's valid -if you're already profitable -and by large account it indirectly means you have savings already and don't have to worry or have the pressure of paying bills, what to eat etc. affect your trading decisions or psychology like those with small accounts
Been telling other people for the longest that trading a live account is the only way you get better on your psychology, risk, strategy and skill as a trader. You gotta take those L's, but look at em as LESSONS. Great video Doyle
Had a huge loss today due to poor risk management. Many losses on this journey and they all suck but my reaction has gotten better. Gotta stay strong and keep fighting even when I feel hopeless
I agree with everything you said Doyle. And I just gotta say frfr I appreciate your transparency in your videos and your willingness to show your trades on a regular. Just from watching you, on top of all the work I put in to learn. I picked up on what trading discipline and consistency is and most importantly for me at least was how to get out of a losing trade, quick tho lol. I been able to win trades from the moment I went live but I learned how to catch setups from this one YT video you posted and watching your IG and thru that i figured out the correct way to lose a trade. Basically from watching you this about to be my last year working for somebody. Appreciate you bro. I hope tomorrow is a easy 10k day for you.
good info brudda i just almost crashed 2k on my futures account that shit move different then forex . but i caught myself and withdrawal a stack then i see this video. 💯💯🤫
So basically, to actually become profitable in these markets I have to focus on one strategy and get experience during live sessions? Is there anything else you would add?
I gotta get it together. I've been trading for three months. I actually got funded. And now I am on a crazy losing streak. Really is a different ball game when you are trading live capital. Oh well. Onward.
GREAT INFORMATION GREAT VIDEO a new beginner trader with a large account can definitely BLOW the entire account..but an experienced trader with a large account will be able to consistently maintain big profits because they know and understand what they're looking for.. i do think that the better you understand your trading strategy's ins and outs and stay consistently profitable, having a LARGE account will definitely make you profitable..as long as you remain humble by not overleveraging the wrong set ups. Just having that larger account size gives you more wiggle room and margin buying power to continuously correct your tiny mistakes whether you got in a trade too late or too early. Buying Power allows plenty of margin in my experience.
#3 especially true. If you don't know how to trade, it doesnt matter how much money you have. You will lose it. And the psychology aspect will accelerate the loss of a larger account.
One of your videos you said trading large account made you profitable and this is true when I tried to trade with large account I traded less and I don't need to catch all the pips in the market
i been backetesting like 4 hours plus a day lately at first when i started i was studying the charts 12 plus hours a year About 10 months in my journey seeing growth btw appreciate your vids gang!!
Hey bro. I just want mention as far as trading a larger account is that for me trading a small account I found m self risking way too much and trying to make 10% or even 20% in a trade to hit my goals. When I started trading for prop firms on 50k or 100k accounts I was happy with .5 or 1% making trading much easier. But to your point I still had to know how to trade first, or nun of it matters.
Same here. I’ve been trading live for 6mos and have been finding my way. I’m so numb to losing now 😂 blessings to you on your trading journey. Just know you aren’t alone!
I've been trading for 1 year, i made profits and gave all back, this cycle keeps repeating itself so I ain't been able to be consistently profitable and recouped my losses either. The job I'm working gives me burnout. Dunno when I'll get there and how long it will take me to be a consistently profitable trader.
Everything you said was pure truth it’s only so much you can do when backtesting your strategy actually being in the market watching setups develop and understanding levels in real time has helped me the most.
Very random question considering the video lol but how do yall deal with commission when it comes to scalping? I’ll win a trade but commission is taking way over half of my profits. What’s the best way to go about this in y’all’s opinion?
Good video! Well, I'm so happy that I made the best decisions by making a good investment. Recently, I was able to acquire my third house even at my age and I believe that if things continue well, I will retire early
It's good! But how did you manage to achieve all this, even in the current economic context which is very bad? Please I would appreciate your help on how to proceed, I am desperate for a way to pay off my debts and achieve my goals
Many people are struggling financially to live, keep a roof over their head and put food on the table. Anyone who fails to grow their wealth financially right now is missing out on a tremendous opportunity. Imagine I start a $2,500 financial plan and get $17,380 in profits.
Yes, it's true, there's a lot of talk about investing lately, but I'm new and I'm also curious about where to start. Can anyone explain to me how to invest and where to start?
Back testing doesn’t indicate future performance either. All it tells us is what worked in the past, not what’s going to work in the future. It just gives you data on worked in the past so that you have the confidence to execute in real time
I respect your opinion, but I believe that BACKTESTING is very important. It helps your eyes and mind to become familiar with your setups. We all know that trading is like a sport and you can’t expect to enter the market with no practice because you will be destroyed by the pros or become a liquidity
My main issue is I just can’t find a strategy that fits me , I think most of them are so subjective , it’s hurts my head cause I feel exactly what Doyle is saying which is lock in on one system , I just can’t find which system that is yet . I need something more technical less subjective .
I love you my brother to talk the truth I was wondering why my take profit never it but my stop loss always it. In my earth month of trading it feel D good to hear the truth. One love my brother. Thank you u u u u
It's even difficult to make 500 or 1k with a small account, yeah I've made 2.5k just by entering with 500 but the market will have to make a significant move which doesn't happen everyday. With a big account, 1k can be made easily. The highest I've made trading is 20k in less than 1 min when i entered with 70k. Lol. It's definitely easier to make big bucks with a big account than with a small account which also makes the risk bigger though. I gave back all my profits, now I'm struggling with a small account.
I used to backtest so much... now I look at the charts for maybe an hour these days 💯
i thought the same thing the other day. backtesting does nothing other than showing you the statistical probability of your strategy. but once you’ve done that for a bit…it doesn’t serve you anymore because it literally does nothing 😂
Tha facts on this video is crazy
@@trxvxn literally bro
I have a strategy that's finally working with me after 3 years of failing...but I backtest alot out of guilt because I think I need to be working...and also I'm bored waiting for prop firm challenges to pass and start paying out so I can start having fun
@@trxvxnfacts when you know that it works there no need to backtest cause you already confident in yo strat
“All backtesting tells you is how well the strategy works, not how well *you* work.”
You have no idea how much I needed to hear that line. Thanks Doyle
Facts we have Golden strategy with rusted minds lol
Same bro.
Backtest makes you trust the strategy : if you know that you’re strategy is 50% win rate, max losing streak = 4, and average monthly profit is 5%, you won’t get pissed off if you lose 2 times in a row in real market or if you make only 3% that month. (I used to suffer from this but after i backtested my strategy and i know its worth im good in my mind rn)
Second this is that, backtest trains you to follow your plan and execute when the rules are present. It builds an habitude on your mind, and that’s really improve you as a trader.
MY OWN OPINION
@@costo8779i can tell you have a good experience in the markets totally agree with you on this one
I recently found that 2Rs work best for me. I was also getting burned tryna catch high RR trades. Many people get butthurt when price keeps running past their TP, but that's the FOMO and greed kicking in. Remember that y'all won the trade and you'll be ok if price continues on without you; DON'T OVERTRADE!
And people thought I was crazy with saying I prefer "forward testing" rather than backtesting. Sure with backtesting you can take notes and do reviews of trades BUT actually seeing something in your playbook unfold in front of you in real time is the best teacher! Backtesting doesn't assure you'd be real with yourself cause you can always say "I'd take this trade if this happened" etc... but you don't actually know until it's happening in real time.
Back testing is important to build confidence that the strategy works but if you can’t execute in real time and keep your emotions and anxiety in check then you won’t be successful
💯💯💯
So true
Yes totally agree with you on this one & all other things I also agree with @doyle_e. I normally backtest random dates using the TF I trade and trade my strategy. I use the capital I have to also see how I manage risk.
That's a bar 🔥
100% agree with everything you said. I didn't get consistent until after I learned supply and demand
its the truth 🎉
He is really speaking the truth. It took me 3 years to realize this, keep it simple and keep showing up. Period
I always felt bad for not back testing at all but somehow I’m still profitable😭 I know the market is going to do what it wants
literally
@@doyle__e The course literally changed my perception about how simple trading is.
Man the deepest part of me needed this confirmation..I thought I was tripping especially about the backtesting for hours
Welp... Somebody had to say it. I'm learning these things as I'm on my trading journey as well. Back testing and studying helps but those live markets are gonna be your real test. Thank you for these gems 🙌🏽.
I only have one tip for successful day trading and that tip is. Find the strategy that works best for your personality and exercise consistent discipline with that strategy and you will succeed! Enter when your rules say to enter and cut when you no longer have the advantage!
I believe all that backtesting was incredibly beneficial for you. It gave you valuable experience with the charts, which is essential. By observing patterns and how the market moves, you've gained a deeper understanding.
I barely comment on RUclips videos but dawg you just cut a lot of people learning curve shorter with this . Appreciate you and your content gang! 🔥🔥💪🏽
Never been this early to a Doyle video! Let’s go 💪🏾
I do think trading with a larger capital will help you grow your account bigger. It's all about risk management. Me personally, if I had a bigger account, my goal would be to only catch between 10-20 pips on twin trading. The goal is to close in profit!
Good video. I think some people when they say, "Trading with more capital makes you more profitable", they mean that you'll feel less need to overleverage to make a decent amount.
I think the biggest issue with back testing is actually executing like you said. Some people have a strategy to trade during NY, but during backtesting, they say they'll place a trade during London, and not even realizing it. Then they'll get skewed data and a false sense of accomplishment. But, trading is so difficult to explain what works for one and doesn't work for the other. Psychology in trading is the hardest to explain, because everyone learns differently. Some may need to have a ton of backtesting, while for others, they just need the reps. Each person needs to learn their own trading style. I hate scalping, while some thrive in it. I prefer to stay in my trades for hours, while some only prefer minutes. Many say in order to have success with trading, you need to be obsessed. I think the people who agree with not having to backtest so much, are the ones who are already beyond that phase. Some may argue that it is necessary in the journey. It shows dedication. I just hope everyone gets there.
I agree with everything you said especially backtesting. Being able to see if u win n lose instantly vs waiting sometimes hours can be mentally taxing and backtesting dont help with that. I learn more forward testing.
you took the words out my mouth over analyzing
i watch your videos everyday its fire man
you are one of the most genuine youtuber ive ever watched. Keep it up!
I Only have one disagreement with this and that is that back testing makes you better with your strategy. I believe this is true because back testing lets you approach the markets with confidence and assurance that even if you lose based on your strategies performance, you will eventually be on the winning side . Is it good to do it a lot especially when you’re starting out, but I know someone like you, Doyle who is already profitable Wouldn’t need to back as much
Obviously. It may not be the same experiences, as live but it’s kind of like the same sense as preparing for the war versus fighting the war.
Another great vid bro. I’ve been watching you since I started last year and now I I’m fully submerged in the whole trading world. Your mentoring and car conversations really helped me a lot through out my journey. Tbh I’d rather Forward test than backtest. It taught me patience and disciple.
Back testing All Weekend To Take A Fat L On Monday Be Hittin Different 🤣
“Experience is the best teacher”
💯💯
Speaking the truth as always! The trading journey in the beginning is like a rollercoaster with all the information they like to throw at us and how our emotions are played with when taking a live trade. However, learning to cut out the noise and focus on yourself and trading style, is when real progress is made.
I agree 💯
All facts bro! Always keeping it a buck! Salute King! 🔥🔥💪🏽💪🏽
Ngl, this is the coldest video I’ve seen from Doyle in a minute. This some real content. No cap.
Only one I’d say something about is the capital part , I agree it’s not “easier” to be profitable but it’s definitely easier to trade and be okay with ur win for the day, no overtrading etc because ur okay with the win, and don’t wanna keep trading nor do u want to blow tht , so it physiologically for me makes me more disciplined
I totally agree with this video. Especially when you said high risk to reward. When I shortened up my risk to reward, I started hitting my TP. Especially when you said backtesting. Backtesting definitely just makes you aware of what’s going on. Which is needed in trading. The only true experience is to either blow some accounts or trade with a 0.01 lot size to minimize loss.
always appreciate you keepin it 100 brodie...longtime watcher you one of the best to do the YT trading content
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
“Is your target getting hit?” I literally just thought to myself maybe I need to change my mindset…. Video is on time!!!
this is true, learning many strategies does not gurantee success
it's all about knowing which system works for you
building that system and removing errors from it as you gain experience
the only time you can switch a strategy is when you have forward tested more than a 100 times
understanding that what wins you trade is risk management and a good system is when you get enlighten.
Now i copy the style how doyle Trade, using supply and deman with 1:1 RR and now im starting making profits and start making confident in trading
Appreciate this video so much bro! I'm beginning my day trading journey and you just gave me the biggest battery through this video. Free game bro mad love.
I think you’re right on all points. Only one I had a little push back on is the capital. In my opinion I think more capital gives you a bit more confidence during draw down.
risk according to your acc bro
All of these misconceptions are determined by your risk tolerance and your ability to grasp the skill. Backtesting for a month helped me, but I haven't needed to backtest since that month. I also don't see the need to use high RR's as long as ur profitable and get good entries
Bro. I been checking in for a min and I fuck wit this. Every point you making that ain’t true is really true to life and spirituality. Success is the same across the board
The way you said is true , about not everyone will be trading same way I’ve been scalping and it didn’t work for me, so I decided to move to higher time frame, and instead of taking 4-5 trades a week, I switch to taking 1-2 trades a week (US30) I started to feel more confident because I’m trying to shoot once or twice a week and I don’t really feel nothing when is going against me, because I trade 1:2 RR I just need 50% win rate a month to be profitable, and just now I got rid off FOMO if I see it reacted from zone I was waiting for and move happen, man I just skip and say doit next time is cool. 😂😂😂 but I’m in this since 2021 so I’m proud to say I become consistent nowa days.
Hey doyle i have a question, after you learn a strategy through backtesting and you want to start risking $$ what do you recommend for getting funded asap? Getting a personal account with low capital and taking low risk trades to get emotions in check? or do you recommend just getting straight into buying challenges?
It's easier when you have a larger account
It's valid
-if you're already profitable
-and by large account it indirectly means you have savings already and don't have to worry or have the pressure of paying bills, what to eat etc. affect your trading decisions or psychology like those with small accounts
Video is the truth, when you’re successful with trading the only thing you have to work on is maintaining your mind.🤝
Been telling other people for the longest that trading a live account is the only way you get better on your psychology, risk, strategy and skill as a trader. You gotta take those L's, but look at em as LESSONS. Great video Doyle
Spitting nothin but facts brotha, love from Chicago.
People gotta realize is that the markets know these 'strategies " as well
hidden gem
1:20 💯.. I stick to ONE strategy. I keep it simple.
Had a huge loss today due to poor risk management. Many losses on this journey and they all suck but my reaction has gotten better. Gotta stay strong and keep fighting even when I feel hopeless
Backtesting helps if you go candle by candle. Helps your brain see the setup you are trying to look for in a live market
I agree with everything you said Doyle. And I just gotta say frfr I appreciate your transparency in your videos and your willingness to show your trades on a regular. Just from watching you, on top of all the work I put in to learn. I picked up on what trading discipline and consistency is and most importantly for me at least was how to get out of a losing trade, quick tho lol. I been able to win trades from the moment I went live but I learned how to catch setups from this one YT video you posted and watching your IG and thru that i figured out the correct way to lose a trade. Basically from watching you this about to be my last year working for somebody. Appreciate you bro. I hope tomorrow is a easy 10k day for you.
Said it was once before I’ll say it again bro is the realest in the game 🤝🏽🐐
good info brudda i just almost crashed 2k on my futures account that shit move different then forex . but i caught myself and withdrawal a stack then i see this video. 💯💯🤫
Them videos getting cleaner 🤝
🫱🏽🫲🏼🔥🔥🔥
So basically, to actually become profitable in these markets I have to focus on one strategy and get experience during live sessions? Is there anything else you would add?
I gotta get it together. I've been trading for three months. I actually got funded. And now I am on a crazy losing streak. Really is a different ball game when you are trading live capital. Oh well. Onward.
Quick question Doyle. Backtesting doesn’t equal profits, but backtesting helps you learn a strategy right?
correct
Hi Doyle, I'm finding it hard to pick between Gold and US30... What you think since I'm trying to focus on just one?
GREAT INFORMATION
GREAT VIDEO
a new beginner trader with a large account can definitely BLOW the entire account..but an experienced trader with a large account will be able to consistently maintain big profits because they know and understand what they're looking for..
i do think that the better you understand your trading strategy's ins and outs and stay consistently profitable, having a LARGE account will definitely make you profitable..as long as you remain humble by not overleveraging the wrong set ups.
Just having that larger account size gives you more wiggle room and margin buying power to continuously correct your tiny mistakes whether you got in a trade too late or too early.
Buying Power allows plenty of margin in my experience.
#3 especially true. If you don't know how to trade, it doesnt matter how much money you have. You will lose it. And the psychology aspect will accelerate the loss of a larger account.
One of your videos you said trading large account made you profitable and this is true when I tried to trade with large account I traded less and I don't need to catch all the pips in the market
big capital doesn't make the trader profitable yes but it does change his or her mindset to more relaxed trader which leads to be profitable
Dude, I want to ask you a question and I hope you answer (I look forward to it) Do you use multiple time frames? Or just use only M5 frame
i been backetesting like 4 hours plus a day lately
at first when i started i was studying the charts 12 plus hours a year
About 10 months in my journey seeing growth
btw appreciate your vids gang!!
Hey bro. I just want mention as far as trading a larger account is that for me trading a small account I found m self risking way too much and trying to make 10% or even 20% in a trade to hit my goals. When I started trading for prop firms on 50k or 100k accounts I was happy with .5 or 1% making trading much easier. But to your point I still had to know how to trade first, or nun of it matters.
is there an video on your yt account where you show your strategie??
Thanks for the transparency and realness. Us on this journey foreal need to hear this! 🙏🏾
Facts especially when you elevate your skillset i be like whsts the point of backtesting i literally just trade
facts bro
No cap! These are rookie mistakes I had to learn the hard way and still haven't recovered from yet. But I'm not given up anytime soon!
Same here. I’ve been trading live for 6mos and have been finding my way. I’m so numb to losing now 😂 blessings to you on your trading journey. Just know you aren’t alone!
I've been trading for 1 year, i made profits and gave all back, this cycle keeps repeating itself so I ain't been able to be consistently profitable and recouped my losses either. The job I'm working gives me burnout. Dunno when I'll get there and how long it will take me to be a consistently profitable trader.
Appreciate you Doyle for keepin it real, thank you💯💯
Its been a blessing following you
back testing only at the end of the week. experience is the key to profitability. journaling your emotional patterns is also key
please upload your live trading videos they are really helpful {futures}
after joining your private channel ,will we get trade ideas for whole week which is all 5 days ?
Everything you said was pure truth it’s only so much you can do when backtesting your strategy actually being in the market watching setups develop and understanding levels in real time has helped me the most.
Very random question considering the video lol but how do yall deal with commission when it comes to scalping? I’ll win a trade but commission is taking way over half of my profits. What’s the best way to go about this in y’all’s opinion?
Indices, or a low/zero commission pair like the majors
I 100% disagree with you on not backtesting. More data is always better in the long run
Good video! Well, I'm so happy that I made the best decisions by making a good investment. Recently, I was able to acquire my third house even at my age and I believe that if things continue well, I will retire early
It's good! But how did you manage to achieve all this, even in the current economic context which is very bad? Please I would appreciate your help on how to proceed, I am desperate for a way to pay off my debts and achieve my goals
Many people are struggling financially to live, keep a roof over their head and put food on the table. Anyone who fails to grow their wealth financially right now is missing out on a tremendous opportunity. Imagine I start a $2,500 financial plan and get $17,380 in profits.
Yes, it's true, there's a lot of talk about investing lately, but I'm new and I'm also curious about where to start. Can anyone explain to me how to invest and where to start?
INSTAGRAMS
Shanabielich
Do you believe in backtesting enough to have a sample size for a statistical edge?
broo how much you prefer minimum amount to start with it
Can we get that futures course?
Great video! All facts as always. How you do anything is how you do everything! If you blow a 50k account, you can blow 150k the exactly same!
Back testing doesn’t indicate future performance either. All it tells us is what worked in the past, not what’s going to work in the future. It just gives you data on worked in the past so that you have the confidence to execute in real time
I respect your opinion, but I believe that BACKTESTING is very important. It helps your eyes and mind to become familiar with your setups. We all know that trading is like a sport and you can’t expect to enter the market with no practice because you will be destroyed by the pros or become a liquidity
1:1 - 1:2 RRR only is the best! thank you master.
My main issue is I just can’t find a strategy that fits me , I think most of them are so subjective , it’s hurts my head cause I feel exactly what Doyle is saying which is lock in on one system , I just can’t find which system that is yet . I need something more technical less subjective .
Thank you for sharing again bro!!
Btw New logo came out fire 🔥
thanks bro 🫱🏾🫲🏽🔥
I love you my brother to talk the truth I was wondering why my take profit never it but my stop loss always it. In my earth month of trading it feel D good to hear the truth. One love my brother. Thank you u u u u
what about forward testing?
Great video. Do you think you can do a video on expert advisors ?
6:38 Yu was back testing before you woke up in the morning 😂
That's why it takes so long to get peofitable.. learning during live markets only give you the ability to learn once a day for few hrs.
Thank you Doyle. One strategy.
Can you talk about the taxes involved with trading?
What about reading lot of trading books for psychology???
It's even difficult to make 500 or 1k with a small account, yeah I've made 2.5k just by entering with 500 but the market will have to make a significant move which doesn't happen everyday. With a big account, 1k can be made easily. The highest I've made trading is 20k in less than 1 min when i entered with 70k. Lol. It's definitely easier to make big bucks with a big account than with a small account which also makes the risk bigger though. I gave back all my profits, now I'm struggling with a small account.
Agreed big account does make a huge difference!
Cool calm and collective 🎉 thank you for your words brother !
Backtest all weekend and still lose on Monday, That’s crazy😂 that shit hits hard though
Thanks for the video bro i really look up to you and i'm watching a shitload of youtube videos to learn about trading
see myself in those. 5 months in and starting backtesting slowly now
I needed to hear this today, thank you for keepin it real with us Doyle