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Kiss trading strategy

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kiss trading strategy

Just Google 'Trading Systems' and after 10 minutes you'll realise just how overly complicated a lot of sites and forums really make it. For spread betting, technical analysis plays a big role. For me I found it useful to just simplify the whole thing and clearly outline my whole spread betting strategy. Also, from experience I can say that the more complicated the strategy the greater the danger that it will end up failing. Also, keep in mind that a strategy is not just about entry points - a good trading strategy includes multiple things such as what and when to buy, where to place stop loss orders and when to take profits, risk management, position sizing, expectancy Sometimes I wonder about people 'who make money' - just how much are they making. We all know that there are simple trading that work day in kiss day out so why the big secret of strategy telling others what you do? Probably because they don't have a big secret. What they do have is discipline: He took 40 PhD's and set them up to trade. Whilst all 40 had doctorates he selected them to make sure none had any formal background in statistics or trading. Only two of the 40 made money. That result was similar trading the turtle traders of Richard Denis. Only those that stuck strictly to the trend following strategy survived. I personally get a bit frustrated that the first thing most people ask when I say I trade index 1 minute chart is what's the strategy. The questions trading should be asking is how do I cope with risk management, how do I cope with discipline and how do I control emotions. The bottom line is that the strategy doesn't make a good trader. Reply by Janice Don, M. The 14th Century Franciscan monk William of Occam formulated a concept that provides the basis for many present day scientific theory and models. This concept, know as Occam's razor, states that, given any competing kiss of solutions for a problem, the explanation must be made in terms of what is already known. That does not necessarily imply that it will be the most simple explanation although it often is! Focus on what you do know, and use this knowledge to carry to further into study so that you become an expert in whatever you are trading. The more you know about one particular stock, future, commodity or currency-- the more quickly you will come to creative mastery. The more you will be able to simplify. The founders of Alcoholics Anonymous called this the KISS Keep It Simple Stupid solution. This strategy can be applied to nearly every facet of life and trading, and is positively correlated with experience. The more you know about any trading, the quicker you will be able to find elegant and simple solutions. Your brain is out to get you. Your brain is complex with multiple reverberating circuits and connections that drive you to think yourself into or out of any situation. Your brain lies to you night and day in the most convincing and deceptive ways imaginable. If you are finding yourself challenged, confused or messed up in your trading or in your personal life it is for one reason: Your best thinking got you there. Those who are the most confused in the markets right now are those who are reading newsletter after newsletter, site after site, pundit after pundit trying to find a reason for "WHY" things are happening. Everyone has something to say, to write, to postulate or theorize about such situations as "Why are the markets rallying when the economy is kiss bad? Who is buying into this rally? When is it going to end? Where is the correction? What is going to happen? Usually this is an answer that agrees trading your beliefs-a simple expression of what is called "confirmation bias. Why do you continue to look outside of yourself to other people for answers that they don't have but are delighted to sell them to you-often for outrageous prices and promises. I listened to a radio program this morning where people were calling in and quoting this or that "guru" about where the dollar and gold were going. Markets are made because people have different opinions. This is how it should be. If everyone thought the same way, believed the same things-there kiss be no markets. For example-in the futures markets basically a zero sum game-but not quite -for every buyer there is a seller. This means that you are trading your beliefs against the beliefs of those who disagree with you. You know that your beliefs are correct if your position is making money. The answer is simple. The markets are correct. IF you are underwater in your positions and in strategy hold and hope mode, you are not listening to the markets. Why are you tormenting yourself trying to "figure it out" when the answer is simple? Remember that the greatest secrets are always in plain view. It is happening because it is happening. All of the mental and intellectual tricks neurotic trading, thinking biases that you play on yourself are for the purpose of easing anxiety over a situation that you do not understand. Often, the more you search for answers, the more anxious you become. You are the problem and you are the solution. It is just that simple. Stop trying to figure it out. Accept that it is happening and act according. Learn to respond, rather than react. If price is going up, it is kiss up and that is that. Go with it and continue with it until it stops going strategy. If price is going down, go with it until it stops strategy down. What might Occam say to you about trading? Turn down the noise in your mind and on your charts. Markets do not kiss people do. Listen to the voice of the markets. The more complex you try to make this, the greater the probability that strategy will lose. Do not try to change this language by making it one of certainty. If it is not working, get out and go back to basics. In the battle between discipline and emotion, the disciplined massacre and plunder money from the emotional. The content of this site is copyright Financial Spread Betting Ltd. Please contact us if you wish to reproduce any of it. Spread Trading Markets Compare Spreads Read and Write Reviews Learn Spread Betting Trading Course Day Trading Tutorials Ask LCG Financial Glossary Hedging with Spreads Fixed-Odds Financials Binary Strategy Sports Spread Betting Trading or Gambling Gambling Entertainment Trading Plan 50 Kiss Rules Directory Industry News. Become a fan trading Facebook Follow us on Twitter. Go back to Spread Betting FAQ's. Discussing Luck and Dollar Cost Averaging. Recommend this on Google.

What Makes for a Great Last Kiss Trade?

What Makes for a Great Last Kiss Trade? kiss trading strategy

4 thoughts on “Kiss trading strategy”

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