[Soultrader]

Great post like always ezduzzit. Alot of experience in your words. Very powerful.

I myself have committed every possible mistake when I was struggling as a new trader. I tried applying complex strategies using multiple indicators, memorized every single price pattern known to man. I even studied about exit points based on the height of formation: example... the height of the neckline to the head (in a head-n-shoulders pattern) is the projected target point after the break of the neckline.

After confusing myself tenfolds and losing thousands of dollars I finally decided to stick with one simple method and stick to it. I found pivots and market profile but could not trade profitably for quite some time. This was because I did not understand how to use them successfully. After thorough practice I was able to find my own style using these tools. This has worked for me which is why I tend to get carried away about saying lagging indicators are useless.

Trading should be simple. Most professional traders I know will even say trading is easy. But what pro's forget at times is the amount of hours of observation and practice spent to make trading easy. A professional trader and a new trader see the same information. We just process it differently. This only comes from years of trading.

Soultrader