Because…
- It takes time to backtest which strategy is suitable
- It takes at least 3 months to forward test or paper trade to see if the chosen strategy is suitable
- It takes at least 3 consecutive years of trading profits to make one a successful trader!
- There are lots and lots of things to read about and learn! View a mindmap of trading knowledge here.
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Because for all the backtest simulations you runs for all possible permutations of strategies, one thing cannot be mastered… Your psychology.
Once you are confident of your strategy, the moment you get into the market with real money, all your confidence fly out the window ‘coz you have not mastered the psychology part which makes pulling the trigger painful or pulling the trigger too fast..
And then you wondered why ….