Hi all!
Having witnessed a few weeks and months of the factory at work I've come to wonder....why do people need things to be complicated? Vegas and James16 have made it clear to me that you can have a strategy as simple as "enter and exit on slope change, take profit at fibs" and turn out thousands, and I mean this is literally, thousands of pips of profit.
Compare to systems with stochs, MAs, RSI, bollinger bands and sometimes - and I know this from my own experience - even all at once.
You end up looking for 2,3,4,5 confirmations and when finally all indicators line up - 90% of the move seems to already be over. Well, at least it feels like it.
So if the simple stuff works - and this is being proven daily on the PF and by traders like Vegas, Diallist, James16 and many others here on the factor - then why do we strive to keep on inventing new ways of combining indicators and learning new rules and rulesets, if the most simple of systems are proven and work?
Is there maybe some subconscious urge at work here, refusing to let us make money with too simple a system, not being able to say you mastered something as there really isn't much to master other than consistently applying a most basic logic?
Is it a lack of achievement or the conviction that one doesn't deserve something so simple?
Why, why do we strive for constantly new (and potentially complicated or just plain different) systems when we have perfectly functional and profitable ones at our disposal?
Why bother with others?
Greed in the form of trying to achieve just that little bit more profit by finding the "ultimate" system no matter how complicated or exotic it might be is just another vice in the life of a trader, lost in a state of perpetual searching instead of being set on a path and travelling with a set destination.
So, what are we waiting for?
What are we looking for that isn't there already?
Something to think about, something I've been thinking about.
SeekingLight
Having witnessed a few weeks and months of the factory at work I've come to wonder....why do people need things to be complicated? Vegas and James16 have made it clear to me that you can have a strategy as simple as "enter and exit on slope change, take profit at fibs" and turn out thousands, and I mean this is literally, thousands of pips of profit.
Compare to systems with stochs, MAs, RSI, bollinger bands and sometimes - and I know this from my own experience - even all at once.
You end up looking for 2,3,4,5 confirmations and when finally all indicators line up - 90% of the move seems to already be over. Well, at least it feels like it.
So if the simple stuff works - and this is being proven daily on the PF and by traders like Vegas, Diallist, James16 and many others here on the factor - then why do we strive to keep on inventing new ways of combining indicators and learning new rules and rulesets, if the most simple of systems are proven and work?
Is there maybe some subconscious urge at work here, refusing to let us make money with too simple a system, not being able to say you mastered something as there really isn't much to master other than consistently applying a most basic logic?
Is it a lack of achievement or the conviction that one doesn't deserve something so simple?
Why, why do we strive for constantly new (and potentially complicated or just plain different) systems when we have perfectly functional and profitable ones at our disposal?
Why bother with others?
Greed in the form of trying to achieve just that little bit more profit by finding the "ultimate" system no matter how complicated or exotic it might be is just another vice in the life of a trader, lost in a state of perpetual searching instead of being set on a path and travelling with a set destination.
So, what are we waiting for?
What are we looking for that isn't there already?
Something to think about, something I've been thinking about.
SeekingLight
Trust price. Know yourself.