Neglecting to backtest
For a long time I just took the word of the so-called trading gurus at face value. For example the Moon strategy. It tells to buy on the Full Moon and Sell on New Moon. However when I tested, in a year, the count was about even for both- bearish and bullish for both New Moon and Full Moon (Silver).
We have to see for ourselves, if a statement is true or not. It's our money.
ignorance is not an excuse.
For a long time I just took the word of the so-called trading gurus at face value. For example the Moon strategy. It tells to buy on the Full Moon and Sell on New Moon. However when I tested, in a year, the count was about even for both- bearish and bullish for both New Moon and Full Moon (Silver).
We have to see for ourselves, if a statement is true or not. It's our money.
ignorance is not an excuse.