From the above, “Tom, how can you expect to have the confidence to trade a system if you don’t even know if it is effective? Trading can be an emotional rollercoaster even if you have all the data in front of you. You’re attempting to trade from a position of weakness, and that is never a good idea.” And also, "Traders, if you have not done this let me be bold and say STOP TRADING IMMIDATELY. You have not earned the right to put your money at risk in the market. And I dare say you are not trading, you are simply gambling."
So, if backtesting is so important, why is it that the first reply to this post comes a full six months later? Is the post THAT complete that readers are left speechless? No way. In my utterly bloated opinion of my own opinions, I believe that the lack of response to this IMPORTANT, even ESSENTIAL, post is a huge, if not complete, indicator of why so many have failed, do fail and will fail at trading and why the market of potential traders is so ripe for both true and false teachers and marketers of systems, programs, robots, mental discipline etc etc ad infinitum ad nauseum. Why does a picture of the world full of the word "IDIOTS" keep coming to my mind? And a picture of W.C. Fields' face all scrunched up behind a poker hand he is holding, looking with one eye to his left at some sucker??? Whatever.
Great post, ForexGuy! Thank you. I wish you the very best in your efforts to market your training. I'm sure it will be able to help a lot of folks, but I doubt a lot of folks will be helped because ultimately they will not heed your advice and, what's worse, they will complain how YOU, not themselves, are a scammer. Whatever. IDIOTS!
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