First reaction is often wrong
Unexpected results usually come from:- misunderstood trade behavior
- exposure effects
- exit dominance
What to check
- Trade list
- Largest losses
- Exposure time
- Drawdown duration
How to read results
Step-by-step interpretation.
Common illusions
- high win rate hiding large losses
- smooth equity hiding exposure risk
- short backtests exaggerating performance
Correct mindset
Metrics explain behavior - they don’t define truth.If results surprise you, behavior wasn’t understood yet.