Discussion in 'Trading' started by prox, Apr 9, 2003.
As in most profitable.
Bit of both.
LOTS of discretion.....I change the middle MA with market conditions on my one minute chart all the time.....I change the hours that I trade all the time......and I do not trade if I feel I will get creamed in chop......
I find the best rule is that there is none...
Whatever makes me money.
I think this is very dependent upon the individual trader.
However, I believe the vast majority of individuals will perform better if they have and follow a strict system based on a clear set of trading principles. I say "principles" because most people unconsciously don't like to follow "rules".
I further believe the system should use as few principles as possible and as few data sources as possible. That is, not a lot of charts and a lot of indicators. There is a thread discussing "simple is better?"
The best one I've seen uses only one chart, two indicators and a MA.
I used to use all kinds of stuff and love to trade, until I lost over 100K, now I love to trade because I make a lot of money and use no stuff!
Buy as much Ebay as you can get.
definitely....simple is the secret to being a great trader.
I like the Buy Low - Sell High system, myself.
The trading style should match your personality. Don't try to imitate the best. Be yourself.
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