The real truth of Trading- Read it once, you will not be Disappointed.

[Scataphagos]

Quote from Ciatronic:

"... This concept "KISS" is for... newbie(no offence!). It takes a very deep understanding of the markets.

Or should I say... "To be profitable on the markets just need to apply a KISS approach, then why all(which I know) successful traders, spent 3 to 5 years on developing their trading business?

You're right, "trading is not easy". It's intellectually easy and simple, but emotionally difficult.

The concept of KISS is for all. It [apparently] takes at least several years to convince yourself to rid your mind of false conceptions.

Less = More... if you get my drift.

 

[[Proximo]]

I actually read it before. And I was dissapointed.

People are too easily fooled -- they read something and they think its some giant epiphany.

And then they go back and trade with their new found knowledge and they get raped again. :]

 

[failed_trad3r]

An edge is very simple. Just buy and sell. Trading is not complicated, if you've got an edge.

 

[Ciatronic]

Quote from Scataphagos:

... It's intellectually easy and simple, ...

Personally, I don't agree. Neither intellectually is not easy.

Just use common sense people! The "effect" of being successful in trading equal large amount of profits! (not right from the begin when you become successful trader, but after a while...)
Now, > large amount of profits is something very rare! (compared to the opposite ) and... guess what is rare? > genuine intelligent and wise people.

In fact, what is "high quality" equals rare things. So, tell me again that BS theory with KISS.

Quote from failed_trad3r:

An edge is very simple. Just buy and sell. Trading is not complicated, if you've got an edge.

For those who are at the begin of their learning curve, "failed_trad3r" was joking.

 

[Chicago_CTA]

Quote from Arthur Deco:

"But even the purely mechanical traders are very adept at reading markets, and are aware of all of the complexity and ambiguity inherent in it. Their system might end up being simple, but it will come about through a very deep and complex understanding of markets. And usually this system will take the market environment (i.e. context) into account. It wont just be simple mindless set-ups."

A load of crap written by someone who has no conception of systematic trading. It IS all about simple mindless setups arrived at with NO deep understanding of the markets.

If this was written by Ziad A. from NYC, I know him, he's a good guy, and a good investor from what I hear.

I would agree with Arthur. There are some basic set-ups (that DO NOT involved any indicators) that are fairly reliable and based on pattern recognition, i.e. mass psychology.

Speculating where a market may be in two weeks, two months, or two years, is sheer folly to me.

Otherwise, I appreciated the author's sentiments, even though we may have disagreed precisely on what trading "is."

 

[Scataphagos]

Quote from Ciatronic:

"... So, tell me again that BS theory with KISS.

Oh, let me give it to you simply... ON IGNORE!!

 

[BSAM]

Quote from Chicago_CTA:

...Speculating where a market may be in two weeks, two months, or two years, is sheer folly to me......

Exactly.

I day trade. Opinions shouldn't enter into the equation. Traders should not act; they should react.

Trade what you see, not what you think.

When opinions or gut feelings get involved, this is where people lose money.

Markets do the same things over and over and over.

 

[Ciatronic]

Quote from Scataphagos:

Oh, let me give it to you simply... ON IGNORE!!

No, my message was not intended to you ! I was speaking on a general way.

 

[Businessman]

Ed Seykota said in Market Wizards that he added Expert Trader Rules to his simple systems.

Like someone posted above, KISS systems are profitable but they are crap, the profit:drawdown ratio of very simple systems are crap.

If you want to make 50% a year with 30% drawdowns a simple system might do that.


But if you want 50% a year with 10% drawdowns, you need something much more sophisticated.


sophisticated adj. Having acquired worldly knowledge or refinement; lacking natural simplicity or naiveté.

 

[MKTrader]

Quote from kingfisher3210:

Found this post on a blog comment ___________________________________________________

Hi XXXXXX,

...I say this because I've been trading much less than you, a little over 2 years now, and yet because of the way I went about learning and what I focused on, last year I netted $150k while nearly quintupling my account ... So what's the solution? Is the problem in the simple set-ups themselves? No, it's in how they're being used. The bottom line is, every trader needs to learn to READ the markets. This means that simple rules will not do. There has to be a synthesis of different elements (whether they be price action, indicators, inter-market themes or whatever), and real-time interpretation must take place.....

Mr. 2-Year trader is either a

(1) prodigy of the highest order

(2) incredibly lucky guy running a massive "fooled by randomness" streak

(3) Talented trader who has managed to "read" the markets since 2009 (with a big dollop of good luck) but will have a train wreck when conditions change drastically

(4) liar

As for option (3), it does seem like certain traders and even gurus (Zanger, Larry Williams) have unusually long hot streaks where they do well for a while...even a whole market cycle. But then they crash and burn.