Saturday, August 26, 2017
A lesson from Steve Jobs
When traders seek improvement, more often than not they will ADD something to their routine or method of selection, or maybe start putting extra indicators on their charts.
Yet most of the successful traders I've had the good fortune to speak to or correspond with only really hit their straps when they REMOVED the superfluous elements from what they were doing.
They developed an understanding of what were the important elements in achieving profitability. They found simplification and clarification in what they were trying to achieve. They got rid of the extra elements or chart indicators they didn't need.
They used Occam's Razor in their approach to the markets.
Now here's a suggestion. Why don't you take the same approach to your thinking?
Why not de-clutter your mind, and stop thinking about things you can't change (the past) or things you can't control (the future)?
Why not just let your instinct take over - you see a signal (entry or exit) and try acting in the appropriate manner without thinking or second guessing?
Why not react simply to what the markets or price are telling you, not what you think they should be saying?
Why don't you 'get out of your own way' and let your trading just flow?
"The ability to simplify means to eliminate the unnecessary so that the necessary may speak." - Hans Hoffman
Now, to get to this stage, you must have complete clarity about what you are doing and how you intend to interact with the markets - in other words, a full and complete trading plan and methodology, that you are fully compatible with and believe in.
But beyond all the thought, time and effort in creating such an approach, you develop the ability to simplify.
In trading, as in life, sometimes less is more.