Less is More: A Simpler Approach to Trading
Simplicity in Trading : Successful traders often use extremely simple methods. They avoid complex technical indicators, macroeconomic analysis, and insider information. Effective Strategies : Turtle Trading Rules : Short-term and long-term strategies based on price breakouts. Moving Average Cross System : Trading based on the crossing of short-term and long-term moving averages. Donchian Channel : Buy when the price breaks the 20-day high, sell when it breaks the 20-day low. Focused Trading : Traders should focus on one type of market condition (trend, oscillation, reversal). Avoid trying to capture every market opportunity. Simplified Daily Routine : Early morning: Determine the trend direction. During the day: Execute trades based on predefined rules. After market close: Review the day's trades. Practical Learning : Focus on solving specific trading problems (e.g., setting stop-loss, managing positions). Avoid studying overly complex topics that don't directly improve tradi...