Dizzyspell and Hardcash,
Thanks for making my point. The questions were somewhat rhetorical. They represent some of the "thinking" steps that most traders go through while on the journey to the end game of actually trading. They're the type of mind games we play on ourselves whether we realize (and admit it) or not. Each of us has to deal with the same questions but we're free to deal with them as uniquely as we are individuals.
Until a trader steps back and looks at the forest rather than being enamored by all the trees (as Huios has just done) then we'll wonder what's wrong. Always chasing another combination of this and that to try and get the "right" or "best" answer to our questions. A few folks get pass this stuff quickly. Most like myself are rather "slow" to have come to the realization that all the technical mumbo-jumbo is really just tinsel, smoke and mirrors. Typically traders ascribe more importance to "indicators" than is warranted IMO; just as a witchdoctor would ascribe someone getting well to the chicken bones that were rolled.
I'll have to also agree with what Easyrider has said but I'll bet there are more traders who are successful that keep it relatively simple than those that get buried in complication. (Although I do recall on another site this one dude using astrophysics to forecast market turning points that "seemed" to be on to something but NOBODY could follow what he was doing! Way too much calculus, planet siting/alignments, etc.).
Learning to KISS ><
Thanks for making my point. The questions were somewhat rhetorical. They represent some of the "thinking" steps that most traders go through while on the journey to the end game of actually trading. They're the type of mind games we play on ourselves whether we realize (and admit it) or not. Each of us has to deal with the same questions but we're free to deal with them as uniquely as we are individuals.
Until a trader steps back and looks at the forest rather than being enamored by all the trees (as Huios has just done) then we'll wonder what's wrong. Always chasing another combination of this and that to try and get the "right" or "best" answer to our questions. A few folks get pass this stuff quickly. Most like myself are rather "slow" to have come to the realization that all the technical mumbo-jumbo is really just tinsel, smoke and mirrors. Typically traders ascribe more importance to "indicators" than is warranted IMO; just as a witchdoctor would ascribe someone getting well to the chicken bones that were rolled.
I'll have to also agree with what Easyrider has said but I'll bet there are more traders who are successful that keep it relatively simple than those that get buried in complication. (Although I do recall on another site this one dude using astrophysics to forecast market turning points that "seemed" to be on to something but NOBODY could follow what he was doing! Way too much calculus, planet siting/alignments, etc.).
Learning to KISS ><
trading
