Don’t be fooled by the ‘next big thing’, you’ll only be disappointed.
It’s clear after being in the industry across two decades now and knowing many traders from professional to part-time / hobbyists, that whilst trading can be mastered and there’s lots of money to be made, there’s obviously lots of money to be lost if you don’t know what you’re doing and don’t have your strategy and money management down-pat yet.
Just be careful, because its only human and very natural to keep looking for something else that ‘might work’ if what you’re doing isn’t working.
I’m here to assure you that there is NO ‘next big thing’, no system, strategy or ‘holy grail’ to make you rich in the markets.
The way that we personally trade and approach the markets is based on simplicity and logic and the ability to accurately read a chart, because if you can’t read a chart from left to right and actually understand and interpret it, it doesn’t matter how good your system is or what the ‘next big strategy’ is, you’re never gonna make it.
By now you probably know we trade price action, we trade off charts, after all our years in the market, this is what We’ve fallen back on because there’s nothing more certain than first hand-data, i.e. the price action we’re interpreting the market through and finding trades from.
Would you drive a car going forward while looking in your rear view mirror?
No, you wouldn’t!
Well, that’s pretty much what everything else is out there other than price action.
If you cannot feel, read and interpret a chart, you‘re not gonna stand a chance.
Remember, the greatest traders who have ever lived have been able to read these markets via price action.
The bottom line is this: You NEED a trading education before you start trading live.