EXTRA THOUGHTS
KISS – KEEP IT SIMPLE SMARTY
In the “Tao of Jeet Kune Do” Bruce Lee said on of my favorite quotes:
“Before I studied the art, a punch to me was just a punch, a kick was
just a kick. After I’d studied the art, a punch was no longer just a
punch, a kick was no longer just a kick. Now that I understand the art, a
punch is just a punch, a kick is just a kick”
In much the same way when you are learning all the concepts taught in this
eBook a trade isn’t just a trade; there are many complexities and variables to
be aware of. After you’ve integrated the concepts and really understand them
then a trade will be “just a trade”. What may now seem complex will become
simple, and you’ll find that all this is really quite easy.
forex sato the foreign exchange market.
The notion of “more is better” isn’t always true. You can have a complex
mess of indicators & lines on your charts (i.e. having Stochastics, Bollinger
Bands, MACD, S.E.X. Lines, Fibonacci, Gann Lines, Pivots, fanned
trendlines, some MAs, RSI, and a handful of other stuff), but doing so will
most likely lead you to total and complete confusion rather than clarity (as
each individual indicator or line aims to provide). Over analysis can lead to
paralysis; the incapacity to trade. I often say “just because you can do
something doesn’t mean you should do it”, and applying a barrage of technical
analysis tools is one of those things that you would be best to avoid.
Think of going to the ice cream parlor; you don’t order a triple scoop of ice
cream if you can barely manage to control a single scoop from dripping and
making a mess. If you are a juggler you only juggle as many balls as you can
keep going in the air. As you are learning you don’t have to immediately
apply everything you learn all at once. Take the time to integrate each skill
and add on as you feel comfortable. Soon you’ll be able to order a triple
scoop of ice cream, juggle five balls, and meaningfully understand several
technical analysis perspectives simultaneously.
Experienced traders know the futility of trying to have too many indicators
and technical analysis perspectives all at once. Again I remind you of the
saying, “just because you can do something doesn’t mean you should do
it”. Often numerous indicators will provide conflicting indications, and
having too much info, said again, leads to paralysis from indecisiveness.
Just because I can teach you about some of the other indicators & technical
analysis methods notice that I didn’t (not yet anyhow, I do plan to write other
eBooks). This is because I opted to show you what, in my opinion
works. Period. (The other stuff I’ll end up showing you over time will add to
what you are doing, but just stick with a few of your favorite techniques).
There are many traders who spend a great deal of time learning and applying a
bunch of fancy techniques and don’t make any money. Simply focus on what
works, and what works is simplicity.
Though learning all the stuff you are discovering in my eBooks might
understandably seem complex in the beginning I am sure that over time it’ll
settle into your mind to be quite simple. In the mean time take everything at a
comfortable pace for yoursel .forex sato the foreign exchange market..
forex sato
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