Long ETH - Adapting to a successful backtested strategy
Current position is Long at 1640. Stop loss 3.5%
The RSI and ATR on multiple timeframes has indicated a trend reversal from short to long. Thus we adapt. No Bias, no emotion. Pure TA and risk management.
Is the current position down a few percent? yes... does it matter? No! The entire portfolio is up over 4400% since 2020 (Substatiated by the backtest).
We stick to the gameplan, the intermediate market moves are irrelevant. Our risk profile is planned for. We follow the strategy that has consistently had major net profits year on year (Substatianted by the backtest) and we don't get swayed by emotional bias.
Adaptation is a fundamental component of implementing a proven and backtested strategy. In financial markets and various other domains, adhering to a well-researched and tested approach is essential for achieving consistent success. The dynamic nature of these environments necessitates the ability to adapt when circumstances change. Therefore, recognizing the importance of adapting to current market realities while still adhering to a proven strategy is paramount for long-term sustainability and success.
The RSI and ATR on multiple timeframes has indicated a trend reversal from short to long. Thus we adapt. No Bias, no emotion. Pure TA and risk management.
Is the current position down a few percent? yes... does it matter? No! The entire portfolio is up over 4400% since 2020 (Substatiated by the backtest).
We stick to the gameplan, the intermediate market moves are irrelevant. Our risk profile is planned for. We follow the strategy that has consistently had major net profits year on year (Substatianted by the backtest) and we don't get swayed by emotional bias.
Adaptation is a fundamental component of implementing a proven and backtested strategy. In financial markets and various other domains, adhering to a well-researched and tested approach is essential for achieving consistent success. The dynamic nature of these environments necessitates the ability to adapt when circumstances change. Therefore, recognizing the importance of adapting to current market realities while still adhering to a proven strategy is paramount for long-term sustainability and success.
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