Some traders even get stuck in a very long cycle of trying to make an ineffective or overly -
complicated trading method work.
The most difficult part is risk management, profit taking and trade management; and all of these things are going to be made exponentially more difficult if you are in the wrong frame of mind due to trading a messy and overly -
complicated trading method.
There are many different trading strategies and systems that pro traders use to trade the markets with, but generally speaking, professional traders do not use overly -
complicated trading methods and rely mainly on the raw price data of the market to make their analysis and predictions.
Not exact matches
Marketing has become incredibly
complicated: Different
methods, different outlets, different ways to accomplish goals... most marketing professionals must be Jacks and Jills of many
trades.
Not through
complicated trading software or lagging indicator based
trading methods, but through a discretionary market perspective that was developed through an awareness of price dynamics and market conditions in the various markets they
traded.
I'm sure you have probably tried using
complicated and (or) expensive
trading methods at some point and subsequently realized that they weren't working how you had thought.
The price action strategies and
methods that I
trade with and teach my students have served me well for many years now, and it's because there is nothing
complicated about them.
The fact that option pricing is dependent on a bunch of risk factors may make it seem to be more
complicated to
trade, but you have so many more powerful
methods for managing risk.
Ive never understood why people want to have a
complicated and more «advanced»
trading system or
method as they «progress» as traders.
But, if you are using a ton of indicators, a mechanical robot
trading system, or some other overly -
complicated method, you should probably consider a change because these approaches will have a negative effect on your
trading mindset and (or) lose effectiveness as market conditions change.
If this is the case, you need to get more education, practice your strategy on demo, and make sure you are actually using an effective
trading method that's not overly -
complicated, like price action.
Often times traders get caught up trying to
trade the news combined with their overly
complicated multiple indicator
method.