The Market Will Go Wherever It Want To Go – Regardless Of What Your Indicator Has To Say About It

The Market Will Go Wherever It Want To Go Regardless Of What Your Indicator Has To Say About It

Your indicator is not more reliable than anyone else's indicator; and that is the reason why many will fail you to provide you with a proper guidance when trying to make a living out of the stock market. I've learned this definition the hard way and it only became fully clear to me after reading Joe Ross's book, "Trading by the book". If you haven't read this book yet, I highly recommend you to doing it so since it will increase your performance immensely.

In his book, Ross shows us why indicators are not reliable as some people might, or want to, believe in. in order to become a successful trader in the stock market, one has to learn to understand and read through market data with no indicator at all. Only then, you might be able to start using indicator to help you out in your decision. There is no way around that and there are no shortcuts.

It seems like a bold and harsh statement, but believe me, the sooner you realize that is the truth, the sooner you will start to see results in your efforts. I've seen some people's stock charts and I have no idea at all, how can they read and analyze a stock price movement when there are so many lines on the screen. Indicators, trend lines, experts, volume, data, data and data. Maybe if I secretly removed the data itself that is hidden somewhere between those lines, they wouldn't even realize it.

Try it for a week. Try looking at a data stock chart with only candlesticks or bars, your choice here. Maybe you can also use volume since it can be quite an interesting data to check and further confirm your hunches and instincts. But before doing that, make sure you read Ross's book since it will provide you with enough information and criteria on what you should be looking at. It will be way simpler than you might expect it.

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