Two Setups is All You Need?

R

ratso

I've been thinking that all one really needs is two setups: one for trends and one for reversals.

Say maybe flags for trends and tests for reversals.

Then all one should do is just trade those 2 setups and nothing else every day for at least 6 months (and a couple of years is probably even better).

I am starting to feel that everything else is just a distraction from the necessity of practicing 2 setups to death....

What do you guys think?

Thanks!
 
Quote from ratso:

I've been thinking that all one really needs is two setups: one for trends and one for reversals.
More...


All you really need is one setup and the ability to execute it (i.e. stick to the rules, easier said then done).

A lot of folks talk about systems that stop working. I say it's not the system's fault, if it is a good system.

A good system extracts winners from a particular type of market action. So "not working" should mean the market has not exhibited that type of behavior.

Seems like a good strategy would be running one system in multiple (uncorrelated if possible) markets with small bets in each.
 
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