Dont overcomplicate
People, traders, everyone, me, humans and so forth have a way of making things a lot more complicated then they need to be.
I have read read and learned about "systems" or traders that sort of thing that they have a nice way of trading, but its "just" that they need a way of figuring out something they sometimes term "the general direction" of price or they "just" need something they call "A filter", in order to tell if buys or sells is they way to go. And these "traders" with theyr "systems" always seem not to be able to figure out this "general direction" and never they seem to arrive at a nice "filter". To them it seems like they would do great with pretty much all theyr trades if they could just figure out this...
Whats happening? They are making things more complicated then they need to be. To theyr own detriment.
What do i mean by that exactly? They are missing the real point.
The real point is that ALL you really need is this "filter" or this "general direction". If you got that you are home safe.
I mean, think about it: If you chose to sell and you get the general direction correct, sooner rather then later you are correct and youre sell goes into profit. Or vice versa for a buy of course. So what else do you really need? Not much.
On a personal level: Im not perfect either. I fuck shit up, just like the rest of us. I overcomplicate things sometimes. But i know i can do better, because i have at times. Im not certain i will continue trading. I have felt like giving it up many, MANY times. I doubt myself and what i do, all sane people do that. Only the insane have no doubt. And i sort of quit for weeks or months every now and then. But after 13 years im still doing it. Most of the time im determined never to quit.
So what does it all mean in practice? Well all you need is to perceive the general direction of price and trade accordingly. Is that even possible? Yes. Will i fail again? Yes. Will i keep going? Probably. So if we look at this:
People, traders, everyone, me, humans and so forth have a way of making things a lot more complicated then they need to be.
I have read read and learned about "systems" or traders that sort of thing that they have a nice way of trading, but its "just" that they need a way of figuring out something they sometimes term "the general direction" of price or they "just" need something they call "A filter", in order to tell if buys or sells is they way to go. And these "traders" with theyr "systems" always seem not to be able to figure out this "general direction" and never they seem to arrive at a nice "filter". To them it seems like they would do great with pretty much all theyr trades if they could just figure out this...
Whats happening? They are making things more complicated then they need to be. To theyr own detriment.
What do i mean by that exactly? They are missing the real point.
The real point is that ALL you really need is this "filter" or this "general direction". If you got that you are home safe.
I mean, think about it: If you chose to sell and you get the general direction correct, sooner rather then later you are correct and youre sell goes into profit. Or vice versa for a buy of course. So what else do you really need? Not much.
On a personal level: Im not perfect either. I fuck shit up, just like the rest of us. I overcomplicate things sometimes. But i know i can do better, because i have at times. Im not certain i will continue trading. I have felt like giving it up many, MANY times. I doubt myself and what i do, all sane people do that. Only the insane have no doubt. And i sort of quit for weeks or months every now and then. But after 13 years im still doing it. Most of the time im determined never to quit.
So what does it all mean in practice? Well all you need is to perceive the general direction of price and trade accordingly. Is that even possible? Yes. Will i fail again? Yes. Will i keep going? Probably. So if we look at this:
My signature is: "Classified".
