Ehm, I'm not one of the frustrated....I was just trying to reiterate the point, made numerous times already on this thread, that 'simple' is a completely subjective term depending on one's point of view.
One man's simplicity is another man's complexity.
Therefore, a blanket statement like 'keep it simple' has no real value. It is an empty statement because what is simple for trader ABC is not simple for trader XYZ. What is simple for Al Einstein is complex for Al Bundy.
A trader's methodology can have 3 rules or it can have 300 rules. He can look at a few things or he can look at a lot of things. The most important factor is that what he is doing appears simple TO HIM, because clarity is a byproduct of understanding.
Smart is not necessarily better than dumb.
But dumb is not necessarily better than smart!
Many smart people have big egos.
But so do plenty of not smart people!
Complex is not always better than simple.
But simple is not always better than complex!
ESPECIALLY when they are used as RELATIVE descriptors!
The problem for losing traders is not in their rules. The problem is that they don't understand what's going on. If they did, they wouldn't be losing. A set of simple rules will not save you if you do not have enough conviction producing knowledge to apply those rules consistently.
