Do you want excitement or profits?
This is just a short blog posting to get something off my chest… consistently, after showing folks how I trade futures with just support and resistance levels, I am told that it is too basic.
Really? I show trades over and over on the MMFYL Facebook page that
Trading does not need to be complicated to be profitable.
As a matter of fact, you can flip a coin and win if you take enough trades and set your profit point to be 2 – 3 times your initial risk. I wouldn’t want you to do that in your live account, but it is a GREAT exercise to learn that it takes very little to be a profitable trader.
Constantly, we work with traders that say they want to trade profitably. We will give the students a system to follow that produces results and makes them a profitable trader. Then, a couple of weeks in, the student will say something to the tune of, “that’s great, but I want to take more trades” or “awesome, but I want to do it my way”.
How’s that working out for you? Stop trying to over complicate things. Trading doesn’t need to be exciting. Do the $h!# that works and stop doing everything else. Do live your life and have fun with the rest of the hours in the day. Start a side hustle. Spend time with your family. Learn a new skill.
Thanks for reading. I hope this has an impact and will help you with your future trading.