In this video John answers a community post on the pros and cons of backtesting. He describes the pitfalls of relying on backtesting and past performance along with the false confidence that backtesting can provide to traders. John goes on to emphasize the need to understand market dynamics and trade strategies based on current market conditions in order to become successful.
Learn more at: https://www.lockeinyoursuccess.com/why-backtesting-gives-false-confidence/
00:00 Intro
00:39 Backtesting Topic Setup
02:00 Perfect Backtesting
07:32 Where Backtesting is Helpful
08:32 Superbull Verticals
09:10 Trader Success Blueprint
10:00 Market Timing
11:40 Don't Depend on Past Results
13:10 Confidence based on best strategy
13:35 Proficiency in 3 areas
15:15 Position Sizing
16:47 Outro
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Don't forget to subscribe and hit the bell to be notified when we post new content. Each week we cover some of the most important areas of options trading. Topics include broken wing butterflies, call/put options, monitoring your Greeks (Delta, Gamma, Theta, etc), assessing the price chart, making adjustments, and much more!
John Locke has been working with options for 20+ years and has built himself up as a leader in the stock options trading industry. Having trained now hundreds of traders, his natural ability to teach complex topics with clarity and passion has made him invaluable to the trading community.
