Let me Talk about No 3.
Traders who Keep " Starting over" Every Few months.
The Reason these Traders Start all over Again is because they try to learn another Strategy as they are still trying to Master the one they Bought a Few Months ago.
I Suffered this For 3 Years. I would be watching "Trader A" Course I bought few months ago, Mastering and Test Running it.
Suddenly I'll come on X or Tiktok and hear the Reigning Person, that he does on an Average 1:35RR, SL na 1 pip, TP na 50 pips.
I'll buy that Course again and Start all over! Not knowing that, For Every New System you learn, It should take you almost or less than 12months to Master.
One Man changed that Story for me, @chaxbtbg
I got his System and that was it! Stayed on it, buried Myself into a whole lot of Study.
And Things Changed!
This is what I'll say, Look For a Mentor that has replicated what You Desire and Follow him to the End, If you follow him long enough, He won't Just Influence Your Trading life, A bit and Pieces of him will drop into Your Personal Life.
Get Jiggy Trader!!!
There are only 3 types of traders;
1. Traders who protect capital
2. Traders who chase profit
3. Traders who keep “starting over” every few months
Only one group is still here after 5+ years.
Guess which one.
Most retail traders obsess over gains.
Professionals obsess over risk.
On Wall Street, survival isn’t optional. It’s a strategy.
Capital is inventory.
Capital is opportunity.
Capital is leverage for the next move.
If you lose discipline, you lose capital.
If you lose capital, you lose time.
And time is the one thing the market doesn’t refund.
Your first job as a trader isn’t to make money.
It’s to stay in the game long enough to compound it.
I spent 4 hours backtesting Gold (XAUUSD).
Not placing trades.
Not watching YouTube.
Not scrolling.
Just charts. Data. Replays. Markups.
And here’s what most traders don’t understand:
Backtesting is where confidence is built or your delusion gets exposed.
When you backtest properly, you stop “hoping” your strategy works.
You start knowing the numbers behind it.
You learn:
• How often your setup actually appears
• What time it performs best
• The average RR you realistically hit
• How deep drawdowns can get
• What a losing streak looks like
• What happens when liquidity is swept
• How price reacts around key sessions
Backtesting forces you to face reality.
Because when you scroll back 3–6 months on Gold and mark every single valid setup according to your rules, you can’t lie to yourself anymore.
Either your model works…
Or it’s trash.
And here’s the part nobody talks about:
Backtesting trains your psychology more than live trading does.
Why?
Because you start seeing patterns repeat.
You start realizing:
The same manipulation.
The same liquidity grabs.
The same fake breakouts.
The same session behavior.
When you’ve seen your setup play out 100+ times historically, you don’t panic when it happens live.
You’ve already watched the movie.
Most traders blow accounts because they trade based on emotion and memory.
Serious traders trade based on data.
If you can’t show me:
– Your win rate
– Your average RR
– Your maximum losing streak
– Your monthly expectancy
You’re gambling.
Backtesting also exposes overtrading.
You might think Gold gives “plenty of setups daily.”
Backtest it properly and you’ll realize:
Some days there’s only 1 clean move.
Some days there’s none.
And some days you force trades that never met your rules.
Data humbles you.
And humility saves accounts.
Another benefit?
You stop being strategy-addicted.
When you’ve seen your model perform across months of price action, you don’t jump to a new system after 2 losses.
You understand variance.
You understand probability.
You understand that even a 60% win rate system will lose 4–5 times in a row.
Without backtesting, you’ll quit right before the edge plays out.
Let me be blunt:
If you’re trading Gold and you’ve never manually backtested at least 100–200 setups…
You don’t have a strategy.
You have an opinion.
The market doesn’t pay opinions.
It pays disciplined execution of a proven edge.
4 hours of backtesting is boring.
It’s repetitive.
It’s uncomfortable.
But that’s where real confidence comes from.
Not motivation.
Not signals.
Not copying trades.
Data.
If you want to be in the 10% that survive long term, start acting like a researcher, not a gambler.
Your future self will thank you.
Now go open your charts and start doing the work.
If you knew me by this Last Year, Currency Pairs was the LOML.
I almost only Trade Indices Now.
Better Structure.
Clearer Continuations.
Simpler View.
And Believe me, I'm doing a Whole lot Better.
Let me tell You a Story.
I was in a EURGBP Sell in 2023.
The Setup i saw was a Swing Trade Move so I was going to Hold for Some weeks.
It was a 1:7RR Trade, Was Making Money Gradually. As the First week Ended I was already 1:4RR.
We entered Second Week, it returned back to Entry, By the End of that Second Week We were at a loss.
I was Worried, Very Worried at this Time, Questioning why i didnt close in Profit when it was already 4RR In Profit.
It was almost Touching My SL, By this Time My Psychology was Shattered already. Funny Enough, I was Okay with My Risk but not okay that I saw Profit, then, leaving it to Run into Loss, That really Impacted my psychology.
I Just Closed the Position at a loss, after some Hours of a Rush of Many Emotions.
Men and Brethren, We Got to Week 3 and Price Returned back to the TP area. By the End of the Week, it did 7RR as it should have done.
I couldn't put into words what I felt after such an incident.
Had Same Encounter Last Year.
Was at My Favourite Buka, Eating.
Opened TradingView to check an ongoing Trade, Didn't know someone was Looking at me.
He took my Contact and Terrorized me for the Next Two weeks on giving him a Signal.
Give a BTC signal, 1:3RR
Gave a ETH signal, 1:5.1RR.
All went TP.
He kept calling me after some days.
I Blocked Baba's Number.
I learnt a lesson, that if someone sees me Trading in some Compromised circumstances, I become a Newbie!
I was in a bu, casually opening TradingView to draw my Fibonacci levels.
Suddenly, a guy behind me tapped my shoulder and asked, “How do you draw your Fibonacci?”
I told him, “You can check YouTube.”
He looked surprised and said, “Wow, you’re a trader?”
I smiled and replied, “No… I’m still learning.”
Make person no put talk for my mouth
Trading becomes easy when a set of Rules is repeated over time.
If your rules are done every time, Trading becomes as it easy as it gets.
If you bend your Rules, Trading becomes Hard!