Simple Trading
Keeping things nice and simple
I don’t know who needs to hear this today, but keep things simple.
- Your plan should be simple
- Your charts should be simple
- Your setup should be simple
We all have a tendency to try and overcomplicate trading.
After all, surely we can’t expect to make money unless we have a complicated system.
But, the best results often come from doing one simple thing and doing it very very well.
So, if in doubt, take it out.
Remove that rule, that indicator, that checklist item.
Distill it right down into the things that matter.
Great minds know how important simplicity is.
- “Simplicity is the ultimate sophistication.”
– Leonardo da Vinci
- “Everything should be made as simple as possible, but no simpler.”
– Albert Einstein
- “Simplicity is not about deprivation. Simplicity is about a greater appreciation for things that really matter.”
– Anonymous
- “The business schools reward difficult complex behaviour more than simple behaviour, but simple behaviour is more effective.”
– Warren Buffett
- “I stick to the KISS rule.”
– Peter Daniel of Traders Mastermind…
Today have a look at your process and see where you could simplify things.