Ok, maybe hindsight is 20/20 but I'm feeling like it might be part of the process. Maybe this is called backtesting? Either way I feel like I'm starting to see things more clearly. Time will tell! :)
Posted Aug 14, 20 11:17 AMbySky_Hi_Trading
Categories
Price Action: Breakouts
Tickers
$FAMI
Received 1 Karma
Yes, backtesting would be applying a trading strategy to past chart data and seeing under what conditions it will work or not work for you. For this stock, the point you picked could be a good entry for bullish dip-buying vwap strategy on a day trade. Try going back further with this stock and see other places where that would work as well.
Thanks for the feedback. I tried going back but TOS wont give me 1 minute candles for older dates. Guess I need to look into finding charting software and what cost would be involved.
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