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

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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.

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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.

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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.

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

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

That’s trading, we analyze the whole price trend and just edit the time frame based on your strategies so its a must. Beside, its hard to analyze if you have a limited data since the price trend tomorrow is still unknown. If you want to succeed learn to used indicators, it can be a big help.

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Quote from: Yatsan on March 23, 2021, 10:07:47 AM

Strategies made on the past are mostly being back test to see if it will suit the situation of the trading you are currently with. There are lots of trading strategies that a trader may formulate and most of those strategies only came from a single strategy which he turns back to see if he can make an improvement or alter some points to make it suitable for the current trading set up he wish to get through. I also do replay trading most of the time for I believe repetition can always be done as long as it will help you out on conducting right decisions and properly strategize your trading.

That is not a bad plan. I get that people think working on previous stuff to make it work for current stuff is not a good idea, but the reality is that we are working towards finding out which strategy works and that is why they think it won't work for the future, nobody realizes we are also eliminating bad strategies, which is a great thing.

Your strategy that you backtested and worked perfectly may not be awesome in the future as well, but the strategy that you tested and found out that it is not really good would be not really good in the future most probably. That is why I think it is quite important that we do not end up with a bad one and that is why backtesting is important. I have done so many on tradingview tests and I can honestly tell you that I am not a great trader thanks to it, but I am not a horrible one neither because I found out how horrible it could get.

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Strategies made on the past are mostly being back test to see if it will suit the situation of the trading you are currently with. There are lots of trading strategies that a trader may formulate and most of those strategies only came from a single strategy which he turns back to see if he can make an improvement or alter some points to make it suitable for the current trading set up he wish to get through. I also do replay trading most of the time for I believe repetition can always be done as long as it will help you out on conducting right decisions and properly strategize your trading.

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If you are talking about analyzing charts then yes. I always do this. I sit and analyze sometimes 1 hour charts but mostly 4 hours and day charts of BTC, XMR and some other crypto before making any actions with them. That helps to decide what limit orders to put next or maybe to cancel some.

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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 your way to earn in Bitcoin trading is right, why not. But of course, if your not getting any profit in your methods to earn Bitcoin,
put it as a learning lesson and do not repeat it again to avoid lose your assets of course. Perhaps, this is only the basic need to know whether you are a newbie or old traders individuals.

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Quote from: el kaka22 on March 18, 2021, 10:06:31 PM

Backtesting is not something that should be ignored, it is definitely beneficial if you know how to use it, but the reality is that it is not that important neither, it is something nice but only like 5% helpful compared to all the other things you should be doing. This is one of the reasons why I do not end up using it, I know that if anyone out there want to do backtesting on their strategy, they should do it and I am not against that, in fact I am in full support of that, but I still think it matters only slightly and that is why it is not a big deal for me.

This is going to be tough thing to learn to do while the return is not that big neither. Learn everyone essential for you to be a great trader and if you learn that it would mean that you could move to backtesting as well, it would at least allow you to be a good trader already and just become a great one.

I am curious why you think it is not that important? Backtesting allows you to get an answer to a critical question, does my trading system actually makes money over the long term? If not with backtesting how can you possibly know that what you are doing earns money in the markets?

A book or someone else can tell you a strategy is profitable but without evidence about it we must not believe it, backtesting in that case is critical, there are many strategies that on the surface look great but once you test them against the market you realize they are not profitable at all, doing that and realizing it will save you the time and money that you would have wasted in the markets and that is invaluable.

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At this time, some patterns of repetition of the market cannot be assumed, in some analyzes many can say that it will be repeated, but the circumstances in 2017 are not like those of 2021.

It is also valid when on some occasions they have compared the controversial Gold and bitcoin, because the charts are very similar and bitcoin is in a clear bullish trend, and gold has a certain short-term correlation with bitcoin, some gold analysts say that It will also rise due to the similarity of the Bitcoin chart.

If analysts take into account that we are still in a pandemic, that there was no pandemic in 2017, that bitcoin has reached a new ATH in 2021, these are circumstances that were not expected, if the majority are affirming that Bitcoin this year will reach $100k the pattern is likely not to repeat itself.

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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?

The condition will change everyday, you can't make the same strategy with trading now and other. I mean, when you already profited using a strategy then you are directly use the strategy for next entry. In some situation this thing will give a bad return, yeah because you make random strategy without now what next that will happen.

Like me, I always find a good time the market for an entry point. I mean, when I use day trader or scalping trade that need a few time to make one entry and another I always find when a good time first to entry. Like when I use 15 time frame then I will make another entry when 4 hours time is already finished. I'll not make an entry every one hours because some time this movement can't be manipulated.

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Quote from: palle11 on March 18, 2021, 06:56:15 AM

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

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

Maybe I understand you trying to say tracking past market, it is though still known as recording, trying to see repetition. But you know market shouldn't not be relied on repetition. You can use the historical data or tracking of the padtcto learn, practice your pattern but not for live trading. If you looking to use it for live trading, you may not get same kind of record. Practice in your kind and understand your pattern.

Everyday is always a different story or market performance, it is better to truly learn the basics as well how to chart and set points or limits upto when to buy or sell, relying in trading history can be a help but with these adoption now it will be more volatile since many we're actively trading now unlike before.

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everyone certainly will not want to repeat the same mistakes he had made, neither does Op, of course, ask the right decision or not if he tried to do trading strategies in the past when he got a profit. I think this should be tried repeatedly while being able to improve better strategies in the future

I think it means that you could backtest, like let's say there is a period between 10th of march and 20th of march, and you retest many different strategies and see which one actually makes a profit, that kind of thing? That is what I understood from it honestly. Of course it may not be like that, but we are definitely working by doing that as well and that is what I understood.

There is nothing wrong with any of this, you could always either replay it with the same strategy to see if it will be better in the future, because maybe your strategy is good but it was bad last week but it will be good for next week? We do not know that so replaying the same thing could work too, like a measure to test how it is a bit more, or you could backtest couple of strategy for the past situations and see how it could be in the future as well, both are things you could do and not lose too much.

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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?

Definitely, specially if your strategy is really working then why change it? As the saying goes, if ain't broke don't fix it, so it applies to crypto trading as well.

And the whole bot development is based on millions upon millions of back test and they will find the best solution that fits our goal. So yes, there's a lot of benefit from doing the same strategy over and over again as long as it is very effective for you.

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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?

I do this all the time man. You can literally feel the upcoming data based on the past events. I mean couple of weeks ago I predicted the market based on "step cycle" analysis. This does not exists, it just me who coined the term where you can see market trend average of three days will show you bear and bull trend line repeating itself at-least twice! When you see this coming, you can assume that there is high probability you will see market will go boom that way one more time.

I posted this on the forum itself and it worked smoothly. I think one should replay the bitcoin market as and when you get conclusive results from the same.

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Backtesting is not something that should be ignored, it is definitely beneficial if you know how to use it, but the reality is that it is not that important neither, it is something nice but only like 5% helpful compared to all the other things you should be doing. This is one of the reasons why I do not end up using it, I know that if anyone out there want to do backtesting on their strategy, they should do it and I am not against that, in fact I am in full support of that, but I still think it matters only slightly and that is why it is not a big deal for me.

This is going to be tough thing to learn to do while the return is not that big neither. Learn everyone essential for you to be a great trader and if you learn that it would mean that you could move to backtesting as well, it would at least allow you to be a good trader already and just become a great one.

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What is the meaning of replaying? What do you mean by that you are trading with the same strategy?
If you are trading with the same strategy and you are making a profit it is worth doing, but if you are not doing it right,
and you are not making a profit you better not replay it !.

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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?

Through virtual trading, yes it is possible.
But here where market doesn't sleep, nah. Basing your actions from the history of the past won't help you that much aside from the pattern and prediction that could possibly lead to your speculation.
Remember it's unstable market after all.

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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?

Maybe I understand you trying to say tracking past market, it is though still known as recording, trying to see repetition. But you know market shouldn't not be relied on repetition. You can use the historical data or tracking of the padtcto learn, practice your pattern but not for live trading. If you looking to use it for live trading, you may not get same kind of record. Practice in your kind and understand your pattern.

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Quote from: slaman29 on March 16, 2021, 09:00:57 AM

Just because it repeats 10 times doesn't mean it will do so another time, or another 10 more times, or won't repeat again after failing to do so a few times.

Trading is a skill, but also people who do it mostly don't implement those skills:)

Who knows, there is what we called historical data and information. If those aren't credible then why some still used those as reference? Anyway it's more like not a justifiable response but it's only an opinion.

You are right trading could be a skill but those skills are not perfectly gauge no matter how skillful you are. It's not like basketball or any sports that even you mastered it the consequence and probability to win is high. Market simulations is different but I didn't say can't be somehow predict.

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Quote from: goaldigger on March 16, 2021, 09:28:10 AM

Quote from: cryptoaddictchie on March 16, 2021, 01:39:43 AM

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

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

Actually it helps but for some it may not. As you can see the market trend is different daily, weekly and so on, but we cant deny that there are patterns over the course of those time that it got repeated many times over. Like the cycle of pump and dump in a given particular order. I dont know but that's how we can practice more if we wanna learn the basics of trading. Experience is the best teacher after all.

Scalpers are not too focus on the price history, they are just playing the market within the day and will repeat the same strategy tomorrow so I agree that it will always depend on how you play the market and how you see the trend.

Past trends are very important to Medium to long term trading, they analyze the market based on that and that's very effective for them. Reading the chart is not easy, it takes a lot of time to learn the process but if you're a serious to learn trading, then better to start analyzing the past trend and see how they moved on this market.

We do know that not all traders are scalpers which means that they would really be looking back into those past events where they do really mind on how it did really behave in the past
on where they do apply their future trades basing off with those movements.I dont see anything wrong with that because there are people who are really making use of it.
Effectiveness will just vary or depend on how those analysis will turn out plus on how the market will be going on the same direction. Going back into past events and
analyzing on what methods or trading strategies would be used isnt really a bad move after all.

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Quote from: btcsmlcmnr on March 12, 2021, 08:39:09 PM

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

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

Do you mean Backtesting when you are saying "replaying the market"?

If you meant that, Trading view can help you but you need to know how to code your script.
Setup script and do backtesting it on Trading view

I understand that for many people it is easier to use the tools available to them in that website, but it is a bad idea, you are basically revealing your strategy to them and if it happens to be profitable now they have access to it.

When it comes to trading strategies the few that can actually profit from the market and have the necessary evidence to demonstrate that they are not being lucky but instead beating the markets with their skill are extremely secretive about their strategy, you are better off just using a spreadsheet software and then take advantage of its scripting capabilities.

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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?

Replaying the market? I do not fully understand what you want. But I guess you want to practice bitcoin trading by trying to trade many times to understand more than before. If that so, I think the answer will be yes because doing trading more and more will give you a better experience than before, and you can improve your skills better. You can also try to analyze the market to find the time to trade to help you more in trading. You can use the other indicator or tools that can help you to analyze the market because the situations will not be the same from time to time. That will give you a chance to have more experience.

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Quote from: crzy on March 15, 2021, 07:01:15 PM

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

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

You mean to analyze the past trend of Bitcoin?

Im a little bit confused as what OP meant by his/her post but at some point I am also thinking that he or she maybe meant for the past trend or chart of bitcoin.
And probably yes, you can replay to see your previous entry of trading if you wanted to step back and if it is for your future improvement.

I actually look for previous bitcoin market to track it's history. If that's what you mean, it is possible that you replay it.

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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?

Replaying the market? Are you saying about analyzing past things?

If yes. then yes because that is how technical analysis works which may not be accurate all the time but every financial asset has been analyzed based on the past movements and future developments.

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Quote from: cryptoaddictchie on March 16, 2021, 01:39:43 AM

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

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

Actually it helps but for some it may not. As you can see the market trend is different daily, weekly and so on, but we cant deny that there are patterns over the course of those time that it got repeated many times over. Like the cycle of pump and dump in a given particular order. I dont know but that's how we can practice more if we wanna learn the basics of trading. Experience is the best teacher after all.

Scalpers are not too focus on the price history, they are just playing the market within the day and will repeat the same strategy tomorrow so I agree that it will always depend on how you play the market and how you see the trend.

Past trends are very important to Medium to long term trading, they analyze the market based on that and that's very effective for them. Reading the chart is not easy, it takes a lot of time to learn the process but if you're a serious to learn trading, then better to start analyzing the past trend and see how they moved on this market.

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Quote from: cryptoaddictchie on March 16, 2021, 01:39:43 AM

Actually it helps but for some it may not. As you can see the market trend is different daily, weekly and so on, but we cant deny that there are patterns over the course of those time that it got repeated many times over. Like the cycle of pump and dump in a given particular order. I dont know but that's how we can practice more if we wanna learn the basics of trading. Experience is the best teacher after all.

Patterns are only there because we see it. You'd be very surprised I think to give 10 people the same data and same timeframe and then see all the different patterns they can each come up with.

Just because it repeats 10 times doesn't mean it will do so another time, or another 10 more times, or won't repeat again after failing to do so a few times.

Trading is a skill, but also people who do it mostly don't implement those skills:)

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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?

Actually it helps but for some it may not. As you can see the market trend is different daily, weekly and so on, but we cant deny that there are patterns over the course of those time that it got repeated many times over. Like the cycle of pump and dump in a given particular order. I dont know but that's how we can practice more if we wanna learn the basics of trading. Experience is the best teacher after all.

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Yes, you could tell with different analysis that they are using history as their basis of most Bitcoin movement.
Besides, there is really nothing to rely to since the volatility is too high.
So, scrape everything you could get from the past movements.
You may not get the best accuracy but it's a good start than nothing.

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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?

You mean to analyze the past trend of Bitcoin?
If its trading then yes, because that will be your basis for the future trend of the market and how can you analyze if you are just looking at the present candle. Past candlesticks tells you the future trend, so make sure that you know how to analyze the past and use it for your present decision making.

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Replaying or looking back to the market? if that's going to help you improve your analysis then you have to do it. We have different strategies that work perfectly at our own convenience and if that's convenient for you, you have to do it and do yourself a favor.
And once you think that it had helped you then apply it to your current market trades and see if it has improved your trading.

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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?

You could if you are still a beginner so that you get to learn basics, but eventually you would have to use the live market because there is a lot more in learning how to trade than just making Technical analysis.

You have got to keep your risk management in check and emotions when trading and there's no better way than doing that with real money on a Live trade.

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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?

Do you mean Backtesting when you are saying "replaying the market"?

If you meant that, Trading view can help you but you need to know how to code your script.
Setup script and do backtesting it on Trading view

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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?

Replaying means backtesting? Of course we would really need that specially on this unpredictable market then not a specific strategy would really work from time to time when you do make out engagement.

You would really be needing lots of those things until you do able to take grasp on dealing with the market.So obviously the answer to your question would be yes.You would really be needing that and

you will realize that it is really helpful and relevant into your trading career into this market.Trade and trade and continue to find out ways and experience lots of trials and errors.

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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?

I think you meant to ask if we backtest our strategies against past data? And the answer is obviously yes, it seems you are interested in becoming a trader and you are going to see a lot of strategies that promise the moon, but how to know if the strategies actually work? The only way is to backtest them, test the strategy against the markets and see if it works, if it does not then you discard it but if it does you keep testing it against many other markets, if after all of that it still works then you could have a successful strategy.

However you need to be careful, one of the biggest problems with backtesting your strategy is that you already know what will happen the next days and months, so if you do this by hand then this will influence the results, which is why backtesting is most of the time executed by computers while not looking at the future data.

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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?

There is not much context with this post, and I'm not 100% sure that I can answer correctly, but I think you're referring to technical analysis when you say "replaying" the market. Technical analysis is when you look at the charts, which provide a visual "replay" of what has previously happened within a particular market. Example: "BTC/USD kraken", whereas "BTC/USD" is the trading pair, and "Kraken" is the exchange. Technical analysis relies on reading the past of candlesticks moving on a chart.
So, to answer your question regarding "Is it necessary to practice trading by replaying the market?". The answer is yes, replay the market by learning to use technical analysis and observe the past and present, to help make a more rational & logical prediction of the future. Tongue

That's a fundamental part of what it means to be a good trader. Study, study, and study some more, because practice makes perfect.
Also don't forget, always remember to practice you're due diligence!

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

Topic: Do you replay trading Bitcoin market? (Read 467 times)