Trading Educators Blog
Indicators point towards probable market direction but do not trade the market. Trading systems do trade the market. That is what is wrong with them. Indicators elicit emotional responses that require no action without price action confirmation. Trading systems elicit basically non-intellectual responses that demand trading action. Instead of looking at what's really happening in the market by car...
As you trade, have you ever heard a little voice inside talk about only what is going wrong? As the market moves against you, the voice whispers, "My money is on the line. What if I lose? What am I going to do? How will I meet my financial obligations this month? I need to win! The little voice moves you away from your ongoing, immediate experience to your emotions, what may go wrong in the next m...
