Master one single technique?

[Scataphagos]

In fact it is probably better to constantly leverage one single technique than many, and maybe the single most important reason to trying your hand at many different techniques is to exactly identify the most effective one.

There is only one "technique" you need to master... STOP DISCIPLINE!

As to "what trades to take?"....look for "behavioral correlations via technical analysis". There are LOTS of correlations... some more highly correlated than others. Study the charts and remember the famous words of Yogi Berra... "You can observe a lot just by watching."

 

[qxr1011]

Uhm, is it really just a matter of knowledge?

nt

i said knowledge and skills

but knowledge comes first

 

[MarkBrown]

simple answer: they have not enough knowledge nor skills to make living on the market

toby crabel broke that mold.

 

[qxr1011]

toby crabel broke that mold.

he broke nothing

 

[schweiz]

Why would trading experts ever spend time writing a book if they could consistently make money by trading? Why would many of them start offering courses and trainings if they could just go on trading to make whatever amount of money they want?

nt

Writers write, traders trade.

 

[MarkBrown]

Writers write, traders trade.

no true at all - https://en.wikipedia.org/wiki/Toby_Crabel

 

[MarkBrown]

only a idiot would not recognize there are people who have published highly successful methods which have made many people money who used them. i find the bitter people who scoff at the likelihood of a successful publisher usually enjoy crying victim.

 

[qxr1011]

only a idiot would not recognize there are people who have published highly successful methods which have made many people money who used them. i find the bitter people who scoff at the likely hood of a successful publisher usually enjoy crying victim.

you have stated your opinion, i have stated mine

i am not here to argue

 

[themickey]

Thanks, I appreciate it.
But aren't those just different sectors?
nt

Markets/Sectors, it doesn't matter, the point was being made, sometimes one market is booming while another is stagnating, hence ultimately try and cover several in order to offer opportunities at differing times.
Personally for me trading forex, stocks, options, futures, crypto or other different markets (eg overseas) is too complex.
Sectors is probably better (or easier) as they too can run at different tempos without the added complexities.

 

[speedo]

I day trade one concept...the trend pullback. As "trends" can be in conflict within my three time frames (intraday), I prefer the term momentum impulse, as there are variations of these based on which tf they setup and have respective variations of filters and qualifiers. I get plenty of signals each and every week, typically 12-15 on a very slow week and 60 or more on an active week.

Bottom line...conceptually simple but the trade plan itself is rather complex and was developed and refined over many months. "Simple" is a relative term with respect to trading and if you're going to succeed, you have plenty of work to do.