Trading Edge, Less is more

A couple of blog posts that I found it to be useful. Enjoy reading.

I am quoting this from Tremble Hand Trader.

you don’t need more stuff you just need to practise what you have. That the endless search for market knowledge is wasted time. You are better taking what you know and testing�and practising that to death. After you have the basics everything else is just another layer of wasted complexity. Whats required is working on your strengths – niche development.

Full post here

Sometimes, we just forget. Again and again we spent time readings books, blogs, forums to search for new strategies, new systems or the worst, new indicators. Focusing on what we’ve already known, practise repeatedly, enhance it and develop it to become our unique edge. I like the term, niche development.

Here is another post from TraderFeed

It could be argued that the mechanical accuracy of the trading method would be less important to long-term success than the trader’s ability to adapt to market shifts with risk management that takes maximum advantage of periods of valid signals and minimizes risk during periods of invalid ones.

Full post here

I fully agree with the importance of developing the ability to adapt to market shifts. Nothing is going to work forever, being able to see the change, and develop a plan to work in the current environment is the way to go.

About Gav

A Father, Husband, Trader, and Blogger. A serious coffee addict. Started trading since 2005, trades Futures and FX.

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Comments

  1. I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

    Miriam

  2. I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

    Miriam

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