Adrian Reid (Enlightened Stock Trading) uses a skywalk anecdote to illustrate how fear can mislead traders and argues that systematic trading backed by rigorous backtesting builds the confidence needed to follow rules during market drawdowns. He promotes his Trader Success System as a program that teaches backtesting and system-building to help retail traders gain an edge.
Some things seem a lot scarier than they really are.
This is the skywarp and there's about 260 meters below me. And fear can really get the better of you because it's perfectly safe. There's a big thick chunk of glass right here, but.
Plays with your mind. And it's a lot like the market. You know, when things happen and go crazy in the markets, the fear can really get the better of you. And you need to have absolute confidence in your trading system so that you can follow it consistently with discipline, no matter how scary the markets seem to be. Because it's in those times of fear that the real results come for you as a trader. And so being a systematic trader makes a huge difference because you can just follow the system. The challenge is though, you need to have enough confidence in that system. That's why you need to learn to back test properly and really interrogate the performance of your system. Because if you don't, fear will get the better of you when things start to get a bit wild, when you go into drawdown, or when the market is heading in the wrong direction. So if you need help learning to backtest, click the link below and find out more about the Trader Success System. Because in the Trader Success System, I show you exactly how to back test and build absolute confidence in your trading system so you can follow the rules no matter what the market is doing, no matter how scary it seems to all those other retail traders out there who are losing money, it will give you the edge so that you can be profitable in the market. My name's Adrian Reed. This is enlightened Stock trading and I'll see you in the Trader Success System. Bye for now.
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