TRADING IS SIMPLE ... (TheRumpledOne)

The answer to this question is somehow vague. It depends on each specific trader about whom we are talking about. If it is about a novice trader I won’t say trading is simple because even a new trader won’t say trading is simple for him. A new trader may find forex as a difficult market place for years. And if I am talking about a pro trader then yes trading is simple. He knows in and outs of forex market he can simply identify the changes and makes move thereby.
 
Garett Sim said:
The answer to this question is somehow vague. It depends on each specific trader about whom we are talking about. If it is about a novice trader I won’t say trading is simple because even a new trader won’t say trading is simple for him. A new trader may find forex as a difficult market place for years. And if I am talking about a pro trader then yes trading is simple. He knows in and outs of forex market he can simply identify the changes and makes move thereby.
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Simple is not always the same as easy.
 
TheRumpledOne said:
HAPPY NEW YEAR!!


TRADING IS SIMPLE


ALL YOU NEED TO KNOW ABOUT TRADING

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS.
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)

You cannot control the probabilities of wining or losing.

You cannot control your average win size.

The only part of the equation of the equation that you can control is your average loss size.

PRICE ACTION

“Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden

1) Price will either breakout of the high, low or both of the previous bar

2) Price will not breakout of the previous bar.

You cannot reduce it any further. Anything else complicates the issue.

ENTERING A TRADE

You either decide to:

1) Wait and do not enter a trade

2) Trade a breakout

3) Trade a reversal.

Those are your ONLY 3 options.

That is all you need to know about trading.

TRADING IS SIMPLE!
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I've read a few of your posts in this thread, and watched a few of your youtube videos.

Thanks!

I liked your points about keeping things simple, controlled risk, focus, consistency, trading in the direction of higher fractals in agreement.

It seems that you've been doing this for a long time.
 
baro-san said:
I've read a few of your posts in this thread, and watched a few of your youtube videos.

Thanks!

I liked your points about keeping things simple, controlled risk, focus, consistency, trading in the direction of higher fractals in agreement.

It seems that you've been doing this for a long time.
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Been trading since before the internet. Back in the paper, pencil and ruler days.
 
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