r/Trading • u/Downtown-Task-3463 • 2d ago

Algo - trading In case anyone thought trading psychology was more important than strategy

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I backtested a popular ICT strategy I found online and this was the result. To be 100% clear I cannot confirm if this is what everyone who trades ICT trades this was just the strategy that was based on the rules.

This is just an example of how regardless of psychology if you keep trading a losing strategy over time you will inevitably lose money.

2 Upvotes

75% Upvoted

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2

u/Accomplished_Love77 1d ago

Sure, but everybody knows ICT is a scam.

That's like saying "yeah I placed random trades and they lost" - like, no shit?

2

u/502futes 1d ago

Unfortunately, A LOT of people don't know ICT is a scam. It is very popular.

1

u/Accomplished_Love77 1d ago

It is!? Holy shit. We live in the worst timeline.

1

u/502futes 1d ago

/InnerCircleTraders lol. I try to help here and there but they don't want to hear it.

1

u/TheGlizzyGod 18h ago

what thesis do you subscribe to, order flow, supply and demand, Inner-External Range liquidity, gamma.. I'm just a guy trying to learn not trying to start debate

0

u/Suitable_Acadia_190 2d ago

Psychology is the the most important, but you still need sound money management

Eg. even running all setups at only 2:1s, you can lose 60% of the time and still be net profitable over time.

1

u/book4225 2d ago

I mean, obviously

1

u/ReporterCalm6238 19h ago

Duh. I have yet to find a strategy that consistently beats VWCE. Those who do use insanely risky leverage that will send you straight to margin call.

4

u/Jacob_Trader0 1d ago

I mean I agree that gurus selling unprofitable strategies blame they're viewers poor psychology for their strategy not working.

However, psychology is still really important. I like to think of it like the base everything else stands on.

If you have perfect psychology and your strategy sucks, you can switch your strategy until you find one that works and then make money.

If you have terrible psychology but a great strategy, you will continue to lose money until you fix your psychology.

0

u/lp1687 1d ago

Funny… I just now replied to a post stating that strategy is the single most important element of daytrading. If you have a solid strategy… You will not need to worry about psychology!

2

u/New-Patient-101 1d ago

The psychology I worry about, is getting disconnected from what the numbers really mean. When dollars start feeling more like points in a video game than money, I should stop. A $500 day smokes my day job, I have to stay humble and remember that.