The reason I dont use any indicators

[lawrence-lugar]

Trading successfully is basically a Hybrid...of a hybrid...of a hybrid approach,
That's why it's so hard to just survive in all of the shit storms the market throws at you,
You have to be a Prophet to Profit.

It's easy to survive a month of trading...and brag about your methodologies.
Stretch this time frame month into a year...two years....five...ten...and the survival rate becomes Extremely rare and tiny.
...not much to brag about at this far end, extreme point -- the air is really thin here.

These debates and discussions about one way or another are all kind of meaningless.
That's like arguing why your favorite color is the best over someone else's, or why your favorite movie is the best.

Who cares. if you practice voodoo for trading. if you generate 100% every month.
Money. the bottom line. performance. speaks. -- everything else is just noise and nonsense and dumb entertainment and joker wildcards the market Gods throws at you for their own amusement,

Mazal tov, extraterrestrials

 

[Jzwu2017]

Hmmm, I thought with more experience and time in trading one becomes better.

But you saying the opposite?

 

[Buy1Sell2]

I disagree. I think a lot of traders blow up their accounts because they pick direction poorly and lost patience...therefore becoming desperate, losing discipline, hang on for big losses, book profits too soon, take too much risk, revenge trade, etc.

In other words---they failed to observe Prudent Risk Management.

 

[Buy1Sell2]

So you can turn a random entry trade with a 50/50 outcome into a winning trade?

Over the long haul, yes.

 

[Buy1Sell2]

Who cares about A winning trade?
Who cares about win %?

I care about positive expectancy which is attainable with random entries.

Correct.

 

[OddTrader]

Trading successfully is basically a Hybrid...of a hybrid...of a hybrid approach,
That's why it's so hard to just survive in all of the shit storms the market throws at you,
You have to be a Prophet to Profit.

It's easy to survive a month of trading...and brag about your methodologies.
Stretch this time frame month into a year...two years....five...ten...and the survival rate becomes Extremely rare and tiny.
...not much to brag about at this far end, extreme point -- the air is really thin here.

These debates and discussions about one way or another are all kind of meaningless.
That's like arguing why your favorite color is the best over someone else's, or why your favorite movie is the best.

Who cares. if you practice voodoo for trading. if you generate 100% every month.
Money. the bottom line. performance. speaks. -- everything else is just noise and nonsense and dumb entertainment and joker wildcards the market Gods throws at you for their own amusement,

Mazal tov, extraterrestrials

Next thread would be "The reason I don't have any edge"!

 

[FreakofNature]

Indicators have tremendous predictive capabiities. What I have found is that folks who tell you that they don't, do not understand how to use them.

And folks that tell you that they do, do not tell you how to use them

 

[Macca1]

Who cares about A winning trade?
Who cares about win %?

I care about positive expectancy which is attainable with random entries.

Exactly.

My bad. I misread this. Positive expectancy is not attainable with random entries.

 

[maxpi]

To use or not to use is a question everyone struggles with.

My reason for not using any indicators is because they influence my decision making ability in a negative manner.
My brain recognises:

1. Patterns instantly without me having to put any effort in at all.
2. Whether price is trending/ ranging/ indecisive/ aggressive/ passive etc...
3. Whether a trade is on or not

Its like driving a car or wheeling a bicycle, there is no thought because all the heavy lifting is taken care of by my subconscious pattern recognition algo.

When I place something even as simple as a moving average on my chart it messes with everything. I get confused and start thinking about whats happening. This is not a good situation for me as I believe that trading is a simple process which is needlessly complicated by over analysis.

Following are 2 examples of the same instrument. 1st chart tells me price is slowly trending up with lots of opportunities to get in on pullbacks. 2nd chart contains the standard macd, stochastic and moving average which requires me to think. Im not the sharpest tool in the shed at the best of times so I avoid having to think to hard about things which is why I stick to no indicators.View attachment 177749 View attachment 177750

Those indicators are the equivalent of a grammar school kid scribbling over the teachers' work on the blackboard

 

[BONECRUSHER]

In other words---they failed to observe Prudent Risk Management.

NO...in other words they CONSISTENTLY PICKED DIRECTION POORLY, then lost confidence and therefore lost discipline. THEY HAD NO EDGE IN THE FIRST PLACE!