Simplified Trading System
When it comes to a great trading system, just about every successful trader can agree on one characteristic: KISS (keep it simple stupid). Furthermore, a significant body of research in cognitive science highlights the limited capacity of the human brain and how difficult it is to retain even a few pieces of information in working memory ( check out Dr. Brett's article for example ). Because of these points, I wanted to condense my own detailed trading system down to its most crucial points. If I can succeed in creating a simple trading system that can be intuitively recalled in the heat of trading, I stand to gain immense confidence and decisiveness in the face of rapidly changing price action, horrendous volatility, and seemingly unpredictable markets. What I learned while trying to condense my trading system into a simpler form is that it ain't easy. It takes a lot of effort! Additionally, simplicity isn't enough on its own. I realized over time that I had to pair sim...