I get really sad seeing all the people both here on the forum and people I meet elsewhere, who are constantly seeking the "holy grail" of indicators that will give you 7:3 win ratio or whatever else it is people are selling these days.
I saw this a long time ago, and I don't remember where I got it from but I didn't make it my self. It just fits very well with how I see the trading learning curve.
I just wanted to share this so that new traders can get a perspective on what to expect when they keep hunting for statistical indicators and other nicnacs sold by "professional traders" like Scott Shubert and the like. They are good marketers but can't trade for sh*t, that is why they are selling you this stuff to make money in another way.
This might not help many, but hopefully those who need it the most will see it and not waste their time going down a dead end, and instead focus on what will be useful.
I saw this a long time ago, and I don't remember where I got it from but I didn't make it my self. It just fits very well with how I see the trading learning curve.
I just wanted to share this so that new traders can get a perspective on what to expect when they keep hunting for statistical indicators and other nicnacs sold by "professional traders" like Scott Shubert and the like. They are good marketers but can't trade for sh*t, that is why they are selling you this stuff to make money in another way.
This might not help many, but hopefully those who need it the most will see it and not waste their time going down a dead end, and instead focus on what will be useful.