Harsh answer - if you have to ask this question here, then stop it now.
Thing is, you will be fooled by bad data - you will find strategies that works in a backtest but not in production. And the reason will be because you missed some important finance concept (like taxes, dividends, stock splits etc).
In this field 99% of success in my opinion is knowing what you don’t know. And only model that small part that you know you know and are fairly sure about it.
Ps. By stop it now - I mean stop algo simulations and learn about those concepts, make sure you understand perfectly what data you are putting into your backtest.
Fair point. Right now I'm just doing it as a hobby. I'm not going to be making any real trades for a while and even when I do I don't plan on making money from it (at least not for some time).
Thing is, you will be fooled by bad data - you will find strategies that works in a backtest but not in production. And the reason will be because you missed some important finance concept (like taxes, dividends, stock splits etc).
In this field 99% of success in my opinion is knowing what you don’t know. And only model that small part that you know you know and are fairly sure about it.
Ps. By stop it now - I mean stop algo simulations and learn about those concepts, make sure you understand perfectly what data you are putting into your backtest.