I want to start a thread for discussion (i.e. I wont ban people for having opposing views) on why some traders go down the path of complicating trading, when there is so many possibilities that require only some experience and a bit of risk/trade management.
I don't necessarily want to talk about actual trading setups, just in general.
There are many ways to trade, the most common boil down to S/R bounces, breakouts of S/R.
Now to trade these just requires some charts a few line tools and practice.
There are others who want to understand how/why/who/where/when/color of socks etc.... price moves, suggesting once they know this they will trade risk free, or with high rate of wins.
They will study all sorts of theoretical stuff on order flow trying to understand complex maths and other complex material
I am suggesting that people keep it simple, stupid.
Would a poker player learn how cards are made, in which factory, who made them etc. It might be nice to know, but pointless to his performance
Discuss...
Regards
Mark
I don't necessarily want to talk about actual trading setups, just in general.
There are many ways to trade, the most common boil down to S/R bounces, breakouts of S/R.
Now to trade these just requires some charts a few line tools and practice.
There are others who want to understand how/why/who/where/when/color of socks etc.... price moves, suggesting once they know this they will trade risk free, or with high rate of wins.
They will study all sorts of theoretical stuff on order flow trying to understand complex maths and other complex material
I am suggesting that people keep it simple, stupid.
Would a poker player learn how cards are made, in which factory, who made them etc. It might be nice to know, but pointless to his performance
Discuss...
Regards
Mark
Economists have forecast 9 out of the last 5 recessions