 What's up everyone? My name is Alex. I'm one of the co-founders of MyInvestingClub.com and I want to let you guys know about something special we're doing for our viewers on YouTube. So the most common question we get asked is, you know, how do I start day trading? So what me and my mentor about it is we create a free two-hour mentorship course for the brand new trader. It's going to be available at MyInvestingClub.co. The link is going to be right here. This is a free webinar that reveals our 12 secrets that every single brand new day trader should know before they start. I also want to let you guys know about something that's very unique to MIC. So if you have any questions about trading or you're curious about trading or you don't know if MIC is the right fit for you, now you can text our head mentor, Tosh, whose number is going to be right here and he'll answer all the questions that you have in less than 24 hours. Thank you and enjoy the video. What's up everyone? It's Tom Diesel here. I hope you guys had a great trading week this week. And also I hope you're enjoying the weekend as well with your loved ones or your family. So yeah, the market lately has been really hot, especially on the small caps as well, big caps. I don't know. I haven't paid much attention to that. But small caps, you've noticed that we've seen so many volume coming into the market, right? The Robinhood, new traders stepping before that was the coronavirus thing. And so there are so many opportunities each day and I mean, yes, if you can take advantage of that, it could be very blessing to start trading in this kind of time. But if you don't know what you're doing, you could really lose a chunk of money as well. That's why in the currency, we always preach about the process and it's not about how much you made, but it's how you make it is going to define your future, right? So it's always comes down to the process. And the process is what's going to get you to where you want it to be. And by sticking to process that basically the profits will follow after that, right? So yeah, and today the topic is going to be, I mean, I just did a weekend mentoring with members today and I've seen a lot of the questions repeating over and over again. So I thought it could be a good idea just to go over it on the video. And today's topic is going to be how to kind of backtest properly or how can you do to kind of improve your trading daily, right? Or it's like how I did it, you know? And, you know, everyone is different. You know, if you're good with data like Joe, you can, you know, have all sort of, you know, Excel spreadsheet or like Python or whatever. But I'm just a normal, I'm not like that smart guy. So I just trying to kind of find a way how to back test my strategy and to find, you know, what I'm good at, right? Where I'm good at. And so where I could size up or where I could, you know, eliminate like the mistakes that I made in the past. And that's, you know, that's basically what it's all about. It's all just about how, like when you have an edge, right? Or when you have a playbook, right? How would you be able to find that edge? The only way how you would, you know, know where to look at, or, you know, the only way where for you to know where your edge, you know, is, is by back testing, right? You know, if you've done the same trade over and over again, like, you know, a hundred times, five hundred times or a thousand times, then you have some kind of samples, you know, to put it in, right? You know, and after a period of time, you making, like you made, you know, out of five hundred, you know, a thousand trades, you know, and you came up with the conclusion, all right? So I've been, you know, trading the same setup, the same pattern for the last like six months or a year. And this is what I get, right? And, uh, and from that, you're going to build, you kind of, uh, you know, you're going to build the plan for, for your future trade. Or like you can see where is them, like where the mistakes has been made, and so you can improve on them. And, you know, that's basically what I'm doing each day. And, you know, there's no secret to it, but it's just like, uh, I have to kind of stick to my, uh, kind of process and my edge and trading only those that I know that I've, you know, been trading before. I don't like to try something new because that's my, you know, bread and butter, right? Oh, that's my setups and, and I'm not going to go, uh, into much details today about the setups, uh, because, you know, a lot of videos have been, you know, covering that already. So, uh, I'm just going to stick, uh, I'm just going to show you guys how I usually back test, uh, you know, each day. So, um, each day I have to, you know, the trading session is done, right? Uh, I went back to see the charts and, uh, and usually I have, uh, I have them safe somewhere. Yeah, I'm just going to pull up this one. It's like I label them as like a ticker's run before, right? So, yeah, this is just a couple of, of them. And, uh, so if you, if I click on them, right? So I can see, all right. So BBI, I trade it on, you know, 15 or whatever, uh, because the idea behind is that I want to kind of screenshot them. And so if, you know, in, sometimes in the future, uh, they pop it again, right? So all I did is just, you know, go ahead and, and, uh, look at this and I just type in the ticket, right? Uh, whatever that might be, I CIA, whatever, like that is, uh, and then it showed me here. So I, I can, you know, easily look at them and how they perform last time. So that, uh, I mean, you can do that by, you know, by pulling up the chart from, from the, from the history from a TOS, right? But, you know, it's just more convenient for me to do it that way, and it's like faster. And also, you know, if I have my executions on that already, so I knew that I traded this last time. And this is how I did, right? And, uh, so that's basically the idea and about the screenshotting. I mean, you could label them here. You know, you can put some notes here. All right. So I short some here, I cover down here. I call on, you know, we shorted back here, add back to more to, to the winner cover some as stock, you know, weeks broke the support. I added more, you know, cover, you know, after that wash, and then, you know, as stocks goes down, you know, went back to 2pm reversal time, you know, short back here in the resistance, you know, you can label them as, you know, whatever you want, right? Basically. Also, this is, this is one of the, um, this is the, the screenshot of the chart. And also in MIC, we have the daily report cat, uh, cards, right? So, uh, you know, by, you know, a lot of members are doing it as well. So you can put in the date here. Yeah. You can zoom in a little bit here and you can see how they do it. I mean, you can, you know, this is a really good way how, how to kind of, uh, you know, do daily report card. And, uh, it's, I think it's been, uh, discussed in the SMB capital, uh, uh, this is the trading firm in, in Manhattan as well. And, uh, you know, it's, it's, it's really solid, uh, kind of a way how to kind of grade yourself on how you did for that day. I mean, it's just perfect, uh, you know, and you have a chart saving here, but, you know, to be honest, I was like, uh, you know, I did that a lot since, uh, like in the beginning and, and now it's more like I'm, I'm a little bit lazy with that. So what I, um, what I did, uh, back then is like, I did pretty much the same thing, like every day trying to, you know, put a ghost in, in, in everything, you know, and, and now, uh, lately, uh, been kind of slacking on that. And I, I should have, uh, you know, like, uh, keep doing it as well. So this is a really good way how you can, uh, how you can back test and also how you can, uh, you know, kind of, uh, wrote, uh, whatever. I mean, you know, uh, right after the trade, right? Usually it's, it's, you know, the memories is really fresh, uh, you know, you know, what was your mistakes here, what you did good, you know, your great damn, and you all put the notes here. So, you know, after a month or two after that, you can go back and watch the notes, right? I mean, that's how you can improve, uh, and, and try to kind of eliminate the, all the mistakes that you have done in the past. And, you know, that's, that's, you know, the best way how to do it. But, uh, if you are lazy like me, so you can, you know, just screenshot a chart and upload it to the trade review, whatever, uh, trade review, uh, is a really good website, uh, for you to upload your trades, also, you know, all have the stats and data for you to kind of, uh, look at it. And, uh, you can, you know, type in the ticker name as well, just to search for them. And it, uh, you know, it's, it's convenient as well. And, uh, yeah, so that's what I did. You know, I'm a lazy guy, so I just, you know, post all my trades there. I, you know, I went back to each day or like, uh, you know, I, I usually kind of look back at the trade every day and then at the end of the week, you know, I try to sum up the week as well, sums up, uh, you know, what I've been doing good this week and, you know, day by day and then by the end of the week as well. So, yeah, so screenshot a chart, uh, I have here some more I can show you guys. I have saved some of Alex chart. This is just a perfect, uh, you know, I kind of copy it from his blog and, uh, you see how, uh, Alex has been labeling the chart, right? And, you know, took, you know, short here and ridiculously long crowded ticker hitting daily resistance and, you know, all the, the, you know, pinpoint here that, uh, you know, he tried to explain, I mean, this is just a perfect and that's how you should do it. Right. You know, uh, put a note here so that, you know, uh, what to look for. I've been saving on, you know, something because I think it's, you know, it's helpful. And I just simply liked the way, uh, that he explained, uh, you know, in the chart like that. So I try to use that so I can, you know, see and the pattern, uh, better. All right, guys. So, um, that's it. Have a good one, guys. Take care. Also, stay up to date by watching some of our most recent videos right over here.