TYG's Story: Thoughts, Trades and Technicality

[Sufshiken]

@TYGMedia

I’m agree with you. I call it as trading philosophy. From one philosophy, we can create many strategies. A trader needs only one trading philosophy.

Agreed

@TYGMedia

I use many indicators, but the indicator must inline with PA.

Yes, you are absolutely right. I use Elder Alexandar’s multiple-time-frame method for my trading. I can do it using top-down analysis, which I do.

However, I have also plotted two moving averages in my system, which helped me check that the LTF is aligned with the HTF.

@TYGMedia

KISS principle will automatically fail to survive in the long run.

@TYGMedia

Market is very big, so everything can actually work. But when we want to be a professional trader, we need something fundamental to use.

Here, the KISS principle means to use the required tools that help and align with our trading philosophy. When we try to add irrelevant tools or different methods/strategies, it may create Analysis Paralysis.

Update:
I came across the following post, which I think is relevant to our recent conversation, isn’t it?

@SmallPaul

Most trading strategies are not intended for the long haul; some may call this an edge in the market. This edge endures for approximately 1 to 7 years, after which the system becomes ineffective as the market conditions.has change, Some edge do persist for a lifetime with proper adjustments, but that is a minor percentage. This is merely my perspective.

The Truth About Trading Edge: What Most Traders Get Wrong

Trading Edge: 5 Dangerous Myths That Kill Profit — Opinicus 🦅