Archaide Academy: A Step-By-Step Guide

By Samantha Baltodano

How to Use Archaide Academy

There are a lot of different channels and tools available to help level up your trading the Archaide Academy Discord. 

If you’re new to trading it can be a bit confusing figuring out where to start.

Well, here is a step-by-step guide on how you can use these channels to improve your trading:

Step 1: Find a benchmark

A benchmark is a standard against which you can measure the performance of your trading system or portfolio. It can be an index, such as the S&P 500, or a specific asset, such as gold. Finding a benchmark will give you a baseline to compare your performance against.

For example, let’s say you’re trading AMZN and your benchmark is the S&P 500. In this case, you want the stock you’re trading to match or outperform your benchmark. 

If the S&P 500 is up 10 points this year and your AMZN stock has gone up 15 points, then you have effectively outperformed your benchmark.

But how can you really put your benchmark to shame? Well, that’s where step 2 comes in.

Step 2: Develop a trading strategy

Once you have a benchmark in place, it's time to start developing a trading strategy. This might involve analyzing market trends, identifying opportunities, and developing a plan for buying and selling assets.

Lucky for you, there are already hundreds of strategies and studies developed by some of the best traders. They tell you how to analyze the market and when you should buy and sell to minimize loss and maximize profits.

There’s a new strategy or study available in the “winning strategy” channel every day. 

So, learn about these methods of trading, stay consistent, and decide on one that meets your trading needs.

But how do you know you’ve picked a winning strategy?

Step 3: Conduct a Stress Test & Back Test

The work isn’t done yet! Once you have a trading strategy in place, it's time to start testing it out! 

A stress test is a simulation of a worst-case scenario that helps you understand how your system or portfolio would perform during a market crash or other catastrophic event. 

This will allow you to identify potential weaknesses and make necessary adjustments to your strategy.

A back test, on the other hand, is designed to evaluate the past performance of a system or portfolio using historical data.

This can be used to evaluate the past performance of a system or portfolio and see if it meets certain criteria or benchmarks.

Step 4: Begin Paper Trading

Once these simulations and historical analysis are done, you probably want to see how your strategy will perform in the real world.

This is where paper trading comes in. Paper trading allows you to try out your strategy using virtual money, so you can see how it would perform in the real world without any financial risk.

It’s a risk free way to find out your strategy’s win/success rate in the real world.

Continue refining your strategy to meet your needs. Once you’ve found the sweet spot, stick to it.

Step 5: Implement your strategy

Once you've completed all the previous steps, you should have a well-developed and tested trading strategy. It's now time to put it into action using real money. Be sure to continue monitoring your performance and making adjustments as needed.

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By following these steps, you can use these tools in Archaide Academy to improve your trading and increase your chances of success.

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