Seemingly complex problem but simple solution.
The problem -
The problem with trading isnt the fact that the market is hard to predict, the problem isnt that the market is seemingly random, the problem isnt that our tools are lagging, the problem isnt that the brokers are running our stops, the problem isnt the fact that the markets are manipulated. So much time is spent on these things, but they arnt the problem.
The problem IS that self-control eludes us...
The solution -
Instead of spending so much time and effort trying to find or develop an analysis method with a 90% or higher accuracy ratio... STOP trying to analyze the market, and instead... Analyze YOURSELF!
Develop a method to manage your personal flaws... identify the reasons, and situations where YOU deviate from your trading plan and then develop a method to control and manage those times. Or develop a personal management method which eliminates them entirely. You CANNOT control the market but this is something that you can have 100% control of. And it will give you 100% success! NOT 100% analysis accuracy mind you(you dont need 100% accuracy... far from it), but 100% success at the end of the day!
Take care all. Happy trades!
-fighter
The problem -
The problem with trading isnt the fact that the market is hard to predict, the problem isnt that the market is seemingly random, the problem isnt that our tools are lagging, the problem isnt that the brokers are running our stops, the problem isnt the fact that the markets are manipulated. So much time is spent on these things, but they arnt the problem.
The problem IS that self-control eludes us...
The solution -
Instead of spending so much time and effort trying to find or develop an analysis method with a 90% or higher accuracy ratio... STOP trying to analyze the market, and instead... Analyze YOURSELF!
Develop a method to manage your personal flaws... identify the reasons, and situations where YOU deviate from your trading plan and then develop a method to control and manage those times. Or develop a personal management method which eliminates them entirely. You CANNOT control the market but this is something that you can have 100% control of. And it will give you 100% success! NOT 100% analysis accuracy mind you(you dont need 100% accuracy... far from it), but 100% success at the end of the day!
Take care all. Happy trades!
-fighter