I did Manual Backtest for 3 month now on ThinkTrader, these two have their own advantage and disadvantage in terms of how you perform well in the market. I see some people are against the idea of backtesting because of the disadvantage it have. But, for some people, they do have opposite idea,
For example; Manual Backtest, I can easily control my emotion since money are virtually deposit there. I do not have greed or fear that control my decision in the market. The thing is, when I trade backtest, I tend to use short time to think about either should I buy or sell the market and just relying on price movement. I don’t have any idea about market in terms of fundamentally and sentimentally or check what other trader are currently thinking about this market. I also can enter market exactly at the right time.
In Live Account, I can see how other trader are currently thinking about the market. I have access on news and sentiment of the market. I do have alot more time to use my time to analysis the market. The problem is, I put my money on the line, there are chance that greed and fear will control my decision. Maybe I can’t stick with my chart all the time and may enter the market at wrong timing.
The question is, how well usually trader perform in Live Account compared to when they backtest the market? Or how this is different to you? Any opinion/answer will be appreciates, thanks!