Locke In Your Success Podcasts

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 JOIN US NOW - https://www.lockeinyoursuccess.com/memberships 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