You can not Eliminate Risk by having more Trading Indicators
Trend Following and trading for a living is about learning to identify patterns and controlling your emotions. There are endless opportunities in the markets. Very few actually succeed trading. The reason is they are applying their energies in finding the “best” indicators and systems. The reality is that simple robust ideas like a moving average can be used in a very powerful context. Your goal is to learn to be consistent. Your goal is to accept the risk. Your goal is to accept the randomness of trades working and not working. You need to be able to put on trades without fear and anxiety.You can not avoid losses. They are as natural as breathing.
Do not operate from the basis of that the more information the better or the better the indicator or the faster the faster the computer will bring you the success you are looking for. The success you are seeking is based on a robust simple trading plan, following that plan and having proper risk & money management. You can not eliminate or mitigate the inherent risks in the market. You can not eliminate the uncertainty by learning or developing more or new indicators. The proof of the pudding is that Marty Schwartz from Pitbull became a multi millionaire by using a 10 period moving average, proper risk management and had the mental fortitude to follow his plan.
I invite you to be one of my students.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts, commodity options or forex can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.This website contains references to hypothetical trading results This website contains references to hypothetical trading results. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS** THE MATERIAL DISPLAYED ON THIS WEBSITE IS INTENDED FOR EDUCATIONAL PURPOSES ONLY.