📘 Get your FREE 115-page Ultimate Trading Guide: https://traderlion.com/YT-UTG
🔍 Next-Generation Stock Screener: https://traderlion.com/YT-DV
📈 Trade With IBKR: https://traderlion.com/IBKR
Are trading backtests misleading? In this deep-dive presentation, Lance Breitstein, a top proprietary trader who has made over $10 million, explains why backtesting often fails and what traders should do instead. Learn how market conditions evolve, why blindly trusting historical data is dangerous, and how to develop real trading edge using alternative methods. Discover the power of forward testing, price action frameworks, and causative mechanisms to improve decision-making and trade with confidence.
Key Topics Covered:
✅ The dangers of relying too much on backtesting
✅ Why markets evolve & backtests often fail
✅ How to spot major trading opportunities in real-time
✅ The best alternatives to backtesting for building trading edge
✅ Common mistakes traders make when analyzing historical data
Enjoy!
Richard
🦁 Follow us on Twitter/X: https://traderlion.com/YT-X
📈 TraderLion Masterclass Courses: https://traderlion.com/YT-TLU
📰 Free Trading Academy: https://traderlion.com/YT-TLA
Timestamps:
00:00 – Introducing Lance Breitstein, ex-Trillium top trader
03:50 – What is backtesting? Why traders over-rely on it
06:34 – When backtests fail: Market changes & faulty assumptions
09:12 – Why the biggest trading opportunities don’t have historical data
14:17 – How traders miss massive trends by waiting for backtests
19:55 – Real-world case study: Bitcoin’s unexpected rally
25:40 – Why fundamental shifts break historical patterns
30:47 – The role of news catalysts in trend formation
37:00 – How traders blindly trust data & ignore key variables
40:45 – The best alternatives to backtesting for finding edge
41:14 – Forward testing: How to track real-time market shifts
42:49 – Using price action & chart structures to time trades
43:51 – How elite traders spot causative mechanisms in markets
46:53 – Are you using the right strategy for your trading style?
51:19 – Why traders fool themselves with biased backtests
55:22 – Reverse-engineering winning trades to improve strategy
59:01 – The key to identifying major trends before the crowd
01:07:19 – How to adapt when markets shift & stay ahead of the game
Enjoy!
- The TraderLion Team
#trading #backtesting #stockmarket #tradingpsychology #riskmanagement #technicalanalysis #daytrading #swingtrading #tradingstrategy #marketanalysis #priceaction #tradingedge #investing #financialmarkets #chartpatterns #traderjourney #tradinglessons #tradingmistakes #forwardtesting