Trading can be simple, why overcomplicate it?
Trading can be simple, why overcomplicate it?
1. Price action is all that matters: Focus on the price chart, and let it guide your decisions.
2. Trends are clear: Identify the direction and strength of the trend, and trade accordingly.
3. Support and resistance are obvious: Recognise key levels and trade around them.
4. Emotions are managed: Discipline and emotional control simplify trading decisions.
5. A few strategies work well: Master a few effective strategies, and repeat them.
6. News and analysis are noise: Ignore the noise, and focus on the price action.
7. Keep it simple: Avoid overcomplicating your approach with too many indicators or variables.
8. Trade with the crowd: Identify the dominant market sentiment and trade with it.
9. Cut losses short: Minimize losses by closing trades quickly when they go against you.
10. Let profits run: Allow winning trades to run, and don't exit too early.
Remember, simplicity is key, but it requires discipline and experience to
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