I want to start by talking about something that I frequently see when trading and “how-to” trade is being discussed. The concept of trading having to be simplistic and not too complex, that the simpler your trading is, the better. Having a simplistic approach to trading is not realistic; you must balance trading between simplicity and complexity. There’s a reason why 90-95% of “trying-to-be-traders” never become or will be consistently profitable. Think of it in terms of having data; if you have limited data, your system or edge won’t be effective. Most likely, it will be random. But having too much data and information can be overwhelming and too confusing to do anything with it.
So the question becomes, how do you balance your trading approach between simplicity and complexity? We do this by understanding that trading falls into three categories. And by knowing the components and elements of each category, we can define the way we trade so that our decision-making and observations are guided by objectivity. Basically, a well-formed trading setup consists of these three elements.
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RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
So the question becomes, how do you balance your trading approach between simplicity and complexity? We do this by understanding that trading falls into three categories. And by knowing the components and elements of each category, we can define the way we trade so that our decision-making and observations are guided by objectivity. Basically, a well-formed trading setup consists of these three elements.
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-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.