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Keep it Simple Stupid! That really resonates with trading. But what does keeping it simple in trading actually mean? When you study the great traders out there, most of them try to keep things as simple as possible. The secret is to keep things as simple as possible, you need to eliminate stuff not add things. I used to complicate things massively when I started with mixed success. When I started stripping things back I started to perform better.
What It Means to "Keep Your Trading Simple"
Simple
- Time tested patterns
- Patience
- Discipline
- Know your Strengths
Complex
- Multiple indicators
- Too many markets
- Too many tools
- Too many strategies
- Distractions
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