Do you replay trading Bitcoin market?

[Dollar_Hunter]

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 !.

[el kaka22]

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.

[so98nn]

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.

[Jating]

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.

[sana54210]

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.

[dimonstration]

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.

[Ridwan Fauzi]

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.

[LUCKMCFLY]

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.

[wxa7115]

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.

[santiPOGI]

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.

[StartupAnalyst]

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.

[Yatsan]

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.

[bitgolden]

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.

[Scripture]

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.

[Ararbermas]

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.

[worle1bm]

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.

[FanEagle]

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.

[Peanutswar]

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.

[Zeque02]

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.

[Rasel5209]

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.