Kardec Trader argues traders should spend less time watching live charts and more time backtesting on historical data. Replaying minute-by-minute price action from Jan 4, 2017 onward builds muscle memory for how prices behave at key levels, he says, giving you a significant edge.
You will become a better trader by spending more time off the charts than on the charts. What I mean by that is, if you do take trades, go and back test some of the strategies. So what? Back testing is for people that don't know. You can go back in time three years ago, four years ago, on our instrument, and you can play that action that happens. I can go back to, let's say, 2017 of January 4th till today, and play every day, minute by minute, and practice. Right. And test that strategy out. So if you start doing those things, it just gives you this massive advantage of just picking up the skill set, getting muscle memory of knowing how price is moving, where price and moving, how it's responding at key levels, what is happening at those key levels and what is the interaction. So that's where the practice element goes.
