Do you replay trading Bitcoin market?

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Quote from: katrina2 on March 12, 2021, 12:08:29 PM

Is it necessary to practice bitcoin trading by replaying the market?

Market replay — it’s the ‘history player’ of trading. It’s a great tool for beginners or advanced users who want to learn to trade the market better by getting months of practice within hours.Pause and play stock or crypto actions to see the effects of your decisions and study your trading errors to find adjustments that would’ve resulted in a more profitable outcome.This is great tool developed for helping trader and providing them with real time judgement and indicator of market.You can use Trading view or Crypto Parrot for learning new techniques and become advanced trader as you can surely try your luck but don't rely them on completely ad they are based on some assumptions and there's no shortcut to success.

Source of information : https://medium.com/replaycrypto/what-is-market-replay-and-how-does-it-make-you-a-better-trader-64d721024a0c

trigger1975

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Quote from: wxa7115 on March 29, 2021, 03:41:13 PM

[Optimizing our strategy is fine but we need to be careful of not falling in the classic mistake which is over-optimization, it is widely known that if you begin to play with different indicators and you combine them you could in theory produce a system that seems like can always win but this is an illusion because you are optimizing your system against past data so your indicators fit that data simply too well.

It's more curve-fitting than over-optimization what you describe – at least as I understand it. But yah, over-complicating things as it gives better results in the backtesting is also a big issue which shall be avoided.

wxa7115

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Quote from: FanEagle on March 28, 2021, 12:51:38 PM

Quote from: maydna on March 28, 2021, 05:54:04 AM

Only practice will help us to get a better result. There is no need to worry about losing because that will be part of the lesson, and if you can understand the point, I am sure that your chance to make a profit will be bigger. Practice trading will no need too big money as you can start with $5-$10. Just trying to use the minimal trading in the exchange while you still learn the lesson, and you're good to go.

You can try to learn about using the indicator to help you analyze the market movements. The more indicator you can learn, the better you at analyzing the market. But you don't need to know all of the indicators because that will be too complicated for beginners.

The losing part could be minimized with replaying, that's what the point here is. If you could test strategies and see where things can go wrong and where it could be better, you could optimize a strategy and make it work, it would be much better that way. Of course it's not going to be that simple, of course it's going to be not easy but the point here is that we can't really get these type of things done without first testing it.

Of course testing will not be like the real thing, of course you need to get the real thing and trade a lot better when you know what you are doing in the real world, but testing it and replaying it would be helpful as well. So people should first find strategies, test, and then real trade, and then optimize and test again and trade again and keep doing this until you think you have the perfect system.

Optimizing our strategy is fine but we need to be careful of not falling in the classic mistake which is over-optimization, it is widely known that if you begin to play with different indicators and you combine them you could in theory produce a system that seems like can always win but this is an illusion because you are optimizing your system against past data so your indicators fit that data simply too well.

But as we know the future movements of the market may resemble what happened in the past but are never going to be exactly the same and that difference is what makes those kind of systems to fail, so be careful and always test your strategy against many different markets in order to avoid these phenomena.

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Quote from: katrina2 on March 12, 2021, 12:08:29 PM

Is it necessary to practice bitcoin trading by replaying the market?

If you are a Newbie Trader then you need to gain more knowledge about trading. If you want to understand the dynamics of the market, you need to understand technical analysis. Because if you trade in the live market without proper experience, you will not get good results if you trade any coin.

The most important thing here is how you monitor the market, and how you manage your money. A trader can protect himself from major losses if he follows proper money management.

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Quote from: Rasel5209 on March 27, 2021, 02:58:18 PM

Is it necessary to practice bitcoin trading by replaying the market?

If you are engaged in trading, then the name of the coin should not matter to you. From all the abundance of coins presented on the exchange, each trader chooses to trade one that in his opinion has a more expected movement in one of the directions. And in this case, bitcoin does not differ from other altcoins in certain periods.

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Quote from: lixer on March 29, 2021, 02:43:08 AM

Quote from: FanEagle on March 28, 2021, 12:51:38 PM

If you could test strategies and see where things can go wrong and where it could be better, you could optimize a strategy and make it work, it would be much better that way. Of course it's not going to be that simple, of course it's going to be not easy but the point here is that we can't really get these type of things done without first testing it.

Yeah, I am not seeing big differences between replaying and back-testing; replaying is literally testing our strategies and ideas with past markets. I guess this is one of the widely used technique by all traders regardless of where they will be trading; I mean just a common thing.

Quote from: FanEagle on March 28, 2021, 12:51:38 PM

people should first find strategies, test, and then real trade, and then optimize and test again and trade again and keep doing this until you think you have the perfect system.

Unfortunately almost all the traders (including myself) do not have that much patience to test and then to ensure about building a perfect system. We just need to make money as early as possible hence we go risking with half-tested strategies. But with replaying, we can minimize the time required with real market as replaying is to test with past market conditions.

That's the problem to the majority of the traders, they do not have patience to improve their trading system. They do not have time to backtest their strategy and it is the reason why they are usually losing in the market. One of the traits of the successful trader is they have good backtesting skill wherein they have enough data in order for them to improve their executio and also their planning. I do not trade immediately especially when I learn a new trading strategy, I usually backtesting it first before I use it. Yes it takes time but experience and familiarization is what we need in order to become a good trader.

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Quote from: FanEagle on March 28, 2021, 12:51:38 PM

If you could test strategies and see where things can go wrong and where it could be better, you could optimize a strategy and make it work, it would be much better that way. Of course it's not going to be that simple, of course it's going to be not easy but the point here is that we can't really get these type of things done without first testing it.

Yeah, I am not seeing big differences between replaying and back-testing; replaying is literally testing our strategies and ideas with past markets. I guess this is one of the widely used technique by all traders regardless of where they will be trading; I mean just a common thing.

Quote from: FanEagle on March 28, 2021, 12:51:38 PM

people should first find strategies, test, and then real trade, and then optimize and test again and trade again and keep doing this until you think you have the perfect system.

Unfortunately almost all the traders (including myself) do not have that much patience to test and then to ensure about building a perfect system. We just need to make money as early as possible hence we go risking with half-tested strategies. But with replaying, we can minimize the time required with real market as replaying is to test with past market conditions.

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Quote from: FanEagle on March 28, 2021, 12:51:38 PM

Quote from: maydna on March 28, 2021, 05:54:04 AM

~snip~

The losing part could be minimized with replaying, that's what the point here is. If you could test strategies and see where things can go wrong and where it could be better, you could optimize a strategy and make it work, it would be much better that way. Of course it's not going to be that simple, of course it's going to be not easy but the point here is that we can't really get these type of things done without first testing it.

Of course testing will not be like the real thing, of course you need to get the real thing and trade a lot better when you know what you are doing in the real world, but testing it and replaying it would be helpful as well. So people should first find strategies, test, and then real trade, and then optimize and test again and trade again and keep doing this until you think you have the perfect system.

Practice will make us better in trading, so when you can repeatedly trade with various strategies, you will see which method will work well. It could help you know how to analyze the market better, and if the market is moving in the other direction, you will know what you need to do. You can reduce the losing money in trading as you can anticipate the loss using a different strategy.

That will not happen instantly because you need to have more experience to have better in trading. I am sure that if everyone does this, they will have many times to profit, and they will not feel difficult to trade because they can analyze better than the other people. It is never ending practice for people who wants to improve their skills in trading, and that is worth doing if they're going to make a profit.

trigger1975

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Quote from: FanEagle on March 28, 2021, 12:51:38 PM

Quote from: maydna on March 28, 2021, 05:54:04 AM

Only practice will help us to get a better result. There is no need to worry about losing because that will be part of the lesson, and if you can understand the point, I am sure that your chance to make a profit will be bigger. Practice trading will no need too big money as you can start with $5-$10. Just trying to use the minimal trading in the exchange while you still learn the lesson, and you're good to go.

You can try to learn about using the indicator to help you analyze the market movements. The more indicator you can learn, the better you at analyzing the market. But you don't need to know all of the indicators because that will be too complicated for beginners.

The losing part could be minimized with replaying, that's what the point here is. If you could test strategies and see where things can go wrong and where it could be better, you could optimize a strategy and make it work, it would be much better that way. Of course it's not going to be that simple, of course it's going to be not easy but the point here is that we can't really get these type of things done without first testing it.

Of course testing will not be like the real thing, of course you need to get the real thing and trade a lot better when you know what you are doing in the real world, but testing it and replaying it would be helpful as well. So people should first find strategies, test, and then real trade, and then optimize and test again and trade again and keep doing this until you think you have the perfect system.

As I have no merit to send: here's virtual merit for your comment. Wink

Totally agree.

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Quote from: maydna on March 28, 2021, 05:54:04 AM

Only practice will help us to get a better result. There is no need to worry about losing because that will be part of the lesson, and if you can understand the point, I am sure that your chance to make a profit will be bigger. Practice trading will no need too big money as you can start with $5-$10. Just trying to use the minimal trading in the exchange while you still learn the lesson, and you're good to go.

You can try to learn about using the indicator to help you analyze the market movements. The more indicator you can learn, the better you at analyzing the market. But you don't need to know all of the indicators because that will be too complicated for beginners.

The losing part could be minimized with replaying, that's what the point here is. If you could test strategies and see where things can go wrong and where it could be better, you could optimize a strategy and make it work, it would be much better that way. Of course it's not going to be that simple, of course it's going to be not easy but the point here is that we can't really get these type of things done without first testing it.

Of course testing will not be like the real thing, of course you need to get the real thing and trade a lot better when you know what you are doing in the real world, but testing it and replaying it would be helpful as well. So people should first find strategies, test, and then real trade, and then optimize and test again and trade again and keep doing this until you think you have the perfect system.

trigger1975

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Quote from: katrina2 on March 12, 2021, 12:08:29 PM

Is it necessary to practice bitcoin trading by replaying the market?

What's your background and what do you want to achieve? Backtesting makes sense if you want to:

Practice a new strategy or adjusted rules to your strategy.
Want to collect data on a strategy such as expectancy, average RR, if pyramiding a trade has a higher profit than single entries, is it more profitable to split profit taking, …
Re-trade already made trades to see what you might have done differently.
Develop a new strategy.
…

But beware: historic data are not 1:1 transferable to the future. Also your behaviour in live markets will differ from your backtesting. Hope that gives you a starting point.

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Quote from: Rasel5209 on March 27, 2021, 02:58:18 PM

Quote from: katrina2 on March 12, 2021, 12:08:29 PM

Is it necessary to practice bitcoin trading by replaying the market?

Yes, it necessary. Bitcoin price every day up or down. If you don't practice how can you understand about bitcoin market. If you want to make profit you need practice.

Only practice will help us to get a better result. There is no need to worry about losing because that will be part of the lesson, and if you can understand the point, I am sure that your chance to make a profit will be bigger. Practice trading will no need too big money as you can start with $5-$10. Just trying to use the minimal trading in the exchange while you still learn the lesson, and you're good to go.

You can try to learn about using the indicator to help you analyze the market movements. The more indicator you can learn, the better you at analyzing the market. But you don't need to know all of the indicators because that will be too complicated for beginners.

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Quote from: katrina2 on March 12, 2021, 12:08:29 PM

Is it necessary to practice bitcoin trading by replaying the market?

If it can help you for your stragey then do it, however lets remember that the movement or status of the market wont be the same as always. So its not really an accurate basis to predict what might happen next if thats what you're trying to figure out.

Knowledge on how to do a TA is what you need to learn, its your edge. But this is still depends on what plan or strategy you have hence if you're a newbie or already had an experience it can help you to decide for the best plan to maximize your chance to earn.

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You can replay the market however keep in mind that this only works for technical analysis and not fundamental analysis which plays a big role in crypto markets. Look at all of Elon's tweets about BTC and DOGE. Whenever he tweets usually there is a spike in price for both those cryptos. These spikes basically come for no reason unless you are paying attention to the social media twitter posts.

This is something where market replay won't help you. Plus there are times when there could be some important even and it can impact the price of crypto. For example, when BTC is correlated to stocks. When unemployment numbers are bad, stocks usually go down and bitcoin follows, reverse is also true. And this is something that you can't do with market replay or technical analysis.

Best way to trade is not by backtesting but by forward testing with a demo account or small dollar amounts.

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Quote from: katrina2 on March 12, 2021, 12:08:29 PM

Is it necessary to practice bitcoin trading by replaying the market?

Yes, it necessary. Bitcoin price every day up or down. If you don't practice how can you understand about bitcoin market. If you want to make profit you need practice.

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Quote from: katrina2 on March 12, 2021, 12:08:29 PM

Is it necessary to practice bitcoin trading by replaying the market?

Practicing is a right way by doing things which can be corrected in the actual process by those things that can be replying is somehow needs more time to study as well as to see the previous data which will come up a good and possible output. Well, trading process needs deep analysis which will basically by referring those various results that may occur.

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Quote from: katrina2 on March 12, 2021, 12:08:29 PM

Is it necessary to practice bitcoin trading by replaying the market?

What are you trying to say OP like doing a demo on the market and got some funds or demo money just to know what are the possible market movement?. Or are you referring to recording the previous trades you made and then try to analyze the mistakes to your winnings and losses? .
Each time we trade we need to consider always right because we all know the market is volatile it's too hard to know what is the possible outcome for the next coming days. But both if my statements is good to adopt if you might try.

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Quote from: katrina2 on March 12, 2021, 12:08:29 PM

Is it necessary to practice bitcoin trading by replaying the market?

Like many people here I am also finding difficulties to understand what you're actually referring to. I have heard some kind of methodology in technical analysis/practices which is somehow considered as similar to demo-trading where people have mock-trading environment with price movements to experience the real trading heat and consequences.

But practically I do believe demo trading must be a better approach to learn all the experiences of real trading because you're not risking your actual money but you are trading in real like environment to experience all the features of real market. What else you need to learn about real markets.

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Quote from: katrina2 on March 12, 2021, 12:08:29 PM

Is it necessary to practice bitcoin trading by replaying the market?

If you want to backlook at the market then you need to follow history charts for long period and find a particular pattern according to the market trend which could possibly help you to gain profits if you have precisely followed the charts.Because if you look at day or weekly charts they would show normal ups and down which are temporary.Look at your past trades and find out your profit point and reasons for them and if you have lost your funds try figuring out the main reason for that also as learning from your past mistakes and gaining experience from them is best practice.If this works out then continue otherwise keep trying to find best way to gain long term profits.

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Quote from: katrina2 on March 12, 2021, 12:08:29 PM

Is it necessary to practice bitcoin trading by replaying the market?

for me it's necessary to replaying or to study the past trend of market, because it will let us see what are the potential of the growth rate in the future by analysing the past history.. Some says it not make sense because of being so unpredictable and so volatile of the market . But the facts it really helps and thats the common strategy of some traders, especially if there's a trends, wherein they are prepared when to sell and buy in right time because of replaying and making technical analysis in the market.

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