The Most Profitable SIMPLE Trading Method

Quote from white:

Its seems to me that the simple system are the best. All I do is trade with the market "gauged by S&P and naz futures" look for higher highs and lower lowers, and lookout for s/r lines that are counter to the trend. In a trading range look for extreme moves and go counter to the range. The hardest part is to tell when the trend has changed. I know this is of no great insite, but you can't beet the basics.

White
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Yes, you are right. The simple systems are the best.
 
Quote from Cfenix2b:

Simple definitely is best...Since '95...

For me...Simple IS best!!!
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Simple methods has always been a funny phrase to me.

Often...a trader's experience will determine what is simple.

Therefore, what is simple to me based on my experience may be very complicated to another trader based on his/her experience.

The other day in a private chat with 3 other traders...

One was discussing his simple use of trendlines as his only trading tool.

This guy has been trading for almost 10 years...first as an instutional trader and now as a retail trader (his own account).

However, another guy in the chat with only 1 year of trading experience didn't understand many of the concepts of trendlines...

Constant questions...constant use of the words if I got this right...

Thus, I think simple and experience are tied together.

"Simplicity is the ultimate sophistication."--Leonardo da Vinci

NihabaAshi
 
Quote from NihabaAshi:

...
Thus, I think simple and experience are tied together.

"Simplicity is the ultimate sophistication."--Leonardo da Vinci

NihabaAshi
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Or

When you come to need nothing, you have got everything.
:cool:

PS something along those words from Budha's Nirvana.
 
Quote from axeman:

This trading mythology is DANGEROUS to newbies.

The hardest part of trading is FINDING AN EDGE.

After you do that, you must have proper money management
and the psychological fortitude to FOLLOW YOUR SYSTEM.


If I gave you a set of rules with 90% win rate and a pfactor
of 20.0, I guarantee the psychology part would be TRIVIAL :D

Psychology and money management are NOTHING without
a real edge, or you could make a killing playing roulette.


peace

axeman
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The process of finding, executing, and maintaining edges is heavily dependent on psychology, IMO.
 
THE PROBLEM WITH SIMPLE IS IT NEVER REMAINS SIMPLE.....NEVER...GREED WON'T ALLOW SIMPLE...UNTIL TRADER REALIZES THAT GREED PUTS U OUT OF BUSINESS AND THEN HE TAKES BEST STUFF FOUND WHILE GREED WAS PUTTING U OUT OF BUSINESS AND GOES BACK TO SIMPLE WITH A LOT OF GOOD STUFF THAT ISN'T SIMPLE AFTER ALL........ BUT IT IS EITHER GO OUT OF BUSINESS OR GET IT RIGHT....
 
Quote from ProTrader1:

What was the trend today?
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imo deciding on a specific definition of trend is not near as important as applying a definition consistently. pick one that matches your trading psychology in terms of wins, size of losses, etc, and...be consistent.

in trend following the devil always gets his due: you can either pay it on your terms, consistently, or pay it on his. changing a trending plan midstream will lead to endless whipsaws...
 
Quote from Sid Gautama:

Simple trader needing simple system.
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LOL.

It is very easy to make things complicated - it's very difficult to make them simple.
 
Quote from ProTrader1:

Knew the header would get you to look...:-D

Here's why I did it..........

Are we making trading too complex and difficult?

Can a simple trading methods produce decent consistent profits without all that complexity?

Are we beating ourselves up with too many "indicators" and "signals" etc that we know don't mean BS??!!


If so, what IS YOUR IDEA of the Most Profitable SIMPLE Trading Method??!!!


Tell us what you think??? :)



Protrader1
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Read my thread. We are following two very simpe systems, which makes a lot of money.
 
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