Why You Need To Backtest | 057

Aloha! We are Glenn & Reid, founders of Hawai'i Trading Academy.

Our mission: Cultivate & sustain profitable traders.

Our ethos: Be honest and transparent as we build our content off of what we consider three pillars of successful trading: Risk Management, Edge, and Psychology.

In this episodes, we discuss why backtesting is important and why we still do it 10 years in the game. There are different backtesting methods and if you want to stay on point and in-sync, backtesting along with journaling is the way to go.

Reasons to backtest:

1. Know your edge - results. Testing if the strategy has an edge.
2. Gain confidence in your system
   1. Gain confidence back after string of losses/DD.
3. Unde ...