Hello traders. I have one simple question.
As a day trader, is it OK to use technical indicators if they are giving good results in backtesting? I'm applying my strategies to NIFTY50 stocks only.
What other tools should I use that would improve my efficiency as a day trader?
I have backtested my strategies and they are giving good results. I've even paper traded and everything is going fine.
I'm only asking because everyone keeps saying that indicators are lagging and hence useless. But I think they are more reliable than the leading ones. I find them extremely useful especially for avoiding bad decisions.
Is there something else I should consider if I'm getting encouraging results in paper trading?
As a day trader, is it OK to use technical indicators if they are giving good results in backtesting? I'm applying my strategies to NIFTY50 stocks only.
What other tools should I use that would improve my efficiency as a day trader?
I have backtested my strategies and they are giving good results. I've even paper traded and everything is going fine.
I'm only asking because everyone keeps saying that indicators are lagging and hence useless. But I think they are more reliable than the leading ones. I find them extremely useful especially for avoiding bad decisions.
Is there something else I should consider if I'm getting encouraging results in paper trading?