It never gets old.
Stop using charts, fancy indicators, auto-algo-fancy-shmency strategies and start GAINING profit base on the price movement!
Charts can mislead, indicators can stop working when market changes model, but buy low and sell a bit higher never fails.
And stop over complicate - sometimes profits will be big, sometimes small - it’s still profit, work to acquire more capital.
Do not build space shuttles when you can have bicycle and ride to the next village.
Best trades I ever had were based on a price of something very deprecated for some period with reasonable risk and almost 1:1 leverage.
Stop using charts, fancy indicators, auto-algo-fancy-shmency strategies and start GAINING profit base on the price movement!
Charts can mislead, indicators can stop working when market changes model, but buy low and sell a bit higher never fails.
And stop over complicate - sometimes profits will be big, sometimes small - it’s still profit, work to acquire more capital.
Do not build space shuttles when you can have bicycle and ride to the next village.
Best trades I ever had were based on a price of something very deprecated for some period with reasonable risk and almost 1:1 leverage.
- Oil when it was 28$, bought and just waited 4 weeks
- Copper when it was 2.00 - bought and waited 4-5 weeks
- The currencies wildly deprecated couple days after Swiss event in 2015 - bought NZD against CHF and waited couple of weeks
- NGAs couple weeks ago when it went 2.9 - bought half-contract, and then to 3.7 in 2 weeks
Keep it ducking simple!
