Indicators, a waste of time?

NexusFi · 2024-02-11T04:29:39-05:00

This is not as hard as it sounds. You do not need indicators. You just need a basic understanding of what/how product inventory is and how it moves according to regression-mechanics (using a bell curve). Traders that do not understand this constantly get caught offsides.. and it is visible on the #'s bars. Professional traders will sell against a high-buyer at/around/above product premium, and it is how the game repeats itself, over and over. The system is fractal, so it works on all timescales, however, …

Discussion in Psychology and Money Management

Updated February 11, 2024

Indicators, a waste of time?

February 11th, 2024, 04:29 AM

#221 (permalink)

traderb0b

Wien Austria

Posts: 5 since Jan 2023

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mariafp

6. Different things suit different people

This is the most important thing. There are people profitable with most concepts and a ton of people who aren't. What's the difference? The person itself.

Psychology, how thorough they've backtested it and often times just experience. The person descibing a strategy has seen 1000s of instances of the strategy and might intuitively apply things that are not in the written strategy. A new trader is going to struggle with it unless the time and work is put in.