HOW TO DO BACKTESTING???
Another educational post for you guys🤑
🔸Ever heard of backtesting in trading? It's a powerful tool used by traders to evaluate the performance of a trading strategy using historical data.
🔸By simulating trades based on past market conditions, traders can assess the viability and profitability of their strategies before risking real capital.
Based on that, we can estimate precisely depth of corrections during this bull run. Kindly look at first picture and you will notice that average corrections for 2015-2017 and 2020-2022 bull runs were 38% and 23% respectively🤔
So what do we have for current market conditions?! According to my estimation we will have corrections not larger than 22% during this bull run ✅
It's an essential step in the trading journey that can help traders make more informed decisions and achieve better results. So Do Your Own Research and stay on top of the trading game😎
