subject: The Most Important Characteristic of Winning Trading Strategies Revealed [print this page] Traders and Investors alike are constantly seeking winning trading strategies, but these winning trading strategies continue to remain elusive for over 90% of all day traders. Why is that? What is it about winning trading strategies that makes them so difficult to identify? And why must you risk thousands of dollars of your own risk capital to determine if a trading strategy is a "winner" or a "loser"?
To help answer these questions about winning trading strategies, we've identified one key aspect of winning trading strategies that can help you to quickly filter out the overwhelming majority of the trading systems and strategies that you come across in your investigation.
This one key attribute of a winning trading strategy can be used to quickly eliminate most trading systems and strategies that you come across, leaving relatively few trading systems and strategies to examine.
The most effective winning trading strategies tend to be the most simple.
Quickly identifying winning trading strategies can be as simple as that. The best day trading strategies and systems tend to be the easiest to understand, learn, and master. They shouldn't require knowledge of advanced statistical analysis, they shouldn't require a highly complicated modeling program.
A winning trading strategy will be easy for the average Day Trader to quickly understand, learn, and then execute.
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Consider this: in the world of Technical analysis, most Day Traders don't really "understand" the indicators they are looking for; they are relying on statistical analysis to "guess" market direction and movement.
But of course, if you don't fully understand that particular indicator, how it is determined, and WHY the market should behave in a certain way, then can you really be sure that the technical indicator that you THINK you see is really there? By and large, most technical or trend trading systems are difficult to learn and master, and should not be attempted by anyone but the very most advanced day traders.
But simple trading strategies don't rely on complicated technical indicators, or trend lines. These winning trading strategies are simple to learn, understand, and execute, and the results show.
As you consider a trading system or strategy, the very first question you should be asking about that particular potential winning trading strategy is, how complicated is it? Is it simple? Do I really understand it?
If you determine that the trading strategy in question is NOT simple, and cannot be easily understood or learned, you can quickly eliminate that particular strategy or system and continue your search, without wasting valuable time in additional due diligence and analysis.
The Most Important Characteristic of Winning Trading Strategies Revealed
