It seems like each day there is another complicated trading system in development. I am quite surprised to see the trading population dig into more complex methods combining various indicators to profit from the financial markets. New traders favor technical indicators as it eliminates the need to think on their own. They will plot a dozen indicators on their charts waiting for the perfect signal. How many confirmations does one need? By the time all your indicators confirm a buy or sell signal, your entry point is towards the end of the price swing. Afterall, indicators indicate and produce lagging signals.
K.I.S.S. Keep it simple stupid! Simple methodologies have been proven to work in the financial markets. There are numerous traders who use a simple breakout strategy, pivot point strategy, or RSI and price divergence. Is there really a need to make trading so complicated when simple systems are proven to work?
I have noticed that academics, engineers, and programmers turned traders are often the ones involved in designing complicated systems. Perhaps they are underestimating the simplicity of trading? Trying to incorporate vast information and multiple indicator confirmation signals can lead to analysis paralysis. This can cause a trader to freeze in the moment of action and to hesitate in pulling the trigger. What happens if 4 of your indicators signal a buy and 4 other indicators signal a sell? As a discretionary trader, I try to keep things as simple as possible. What a trader really needs is to understand the language of the markets.
The market is like a speechless baby. It is impossible to understand exactly what he is saying but through observation, one can start to get a feel of expression. Apply the concept of auction to the financial markets and learn to read market internals. Look for market imbalance vs balance and price rejection vs price acceptance. Still, trading is a game of probability. But with the proper training, a trader can put those odds in his favor.
The majority of the trading population refuses to think on their own. Being mentally lazy is deadly in the financial markets. Perhaps this is the reason why people continuously seek for the Holy Grail through indicators and systems. They look in places where there are no answers. The only place they should be looking is in the mirror and in themselves. The Holy Grail in trading is to find a trading style that fits you and to understand your pyschological make-up for the game. This can only be done through gaining self knowledge.
Trading should be simple. But the simplicity of it comes through hours of hard work and training. Trying to catch the subway in Tokyo, Japan can be disastrous for the first timer. But after living in the city for some time, one should be able to get across with his eyes closed.
Good luck, best of trading.
Keep It Simple Book
You certainly want to enjoy this wonderful and magical time in your life but you know that planning your own wedding is going to be a big job! The following checklists might make it a little easier for you to keep it simple, keep it organized and keep you sane!
The 12-Month Countdown
6-12 Months Before Your Wedding?
The wedding date has been set and now like any large project, it's a good idea to step back and take a look at the big picture first, then break it down to the finer details later.
The Big Picture: Who, What, Where and How
? Decide who will pay for what, where you'll get married and how expenses will be shared
? Talk to friends, family, bridal consultants or wedding coordinators to get the direction you need for starting an organization system
? For most couples, the wedding day can be a blur, so decide early on the best way to capture your special day's cherished memories - like with an Adesso Photo Guest Book.
The Details
Once you have your organization system in place, start going down your to-do detail list. Here are a few of the critical ones:
? Call your church or synagogue for an appointment with the Officiate
? Explore pre-marriage counseling
? Decide on what size wedding you want
? Consider and decide on wedding attendants
? Start a guest list for the wedding
? Begin determining ideas/themes/color schemes for your wedding and reception
? Select a reception location and a caterer if need be
? Consider reception entertainment
? Select a florist
? Together, shop for wedding rings
? Select a wedding dress, headpiece and schedule fittings
? Decide on the bridesmaids? dresses
4 ? 6 Months Prior To Wedding Date?
As the wedding date gets closer, the to-do list will consist of finer and finer details. And because you put an organization system in place months ago, you won't miss a one!
? Check details and requirements for marriage license
? Coordinate theme and color schemes with florist and decorator
? Decide on a gift registry and register your gift selections
? Order your invitations and other wedding stationery
? Shop for the groom's attire and select what the men in the wedding will wear
? Select wedding ceremony readings
? Select wedding ceremony music
? Decide and order wedding favors
? Select a bakery for the cake
? Arrange and plan honeymoon
? Review your agreements with all your vendors and service providers to insure you haven't forgotten any details
2-Months? and Counting
? Mail out invitations
? Arrange and plan your rehearsal dinner
? Select and purchase your wedding day accessories
? Arrange attendant's parties
? Coordinate and prepare accommodations for out-of-town guests
? Select a hairdresser and makeup artist and schedule those appointments
? Finalize those honeymoon plans
1-Month To Go!
? Last wedding dress fitting
? Final fitting for bridesmaids? dresses
? Final fitting for men attendants
? Get marriage license
? Have your wedding attendant's parties
? Shop and purchase your outfit to wear when you leave the reception
? Organize the final check list of wedding day events
? Confirm all the wedding day ?accessories? are in order, i.e. rings, pillows, garter, etc.
2-Weeks Remaining!
? Finalize entertainment arrangements
? Go over and finalize music lists
? Go over and finalize the special music events, i.e. first dance, dance with parents, etc.
? Pick up wedding rings, make sure they fit and review any engravings
1-Week Before Your Big Day!
? Review your marriage license to make sure it's in order
? Prepare seating arrangements for ceremony
? Prepare payment envelopes for Officiate, entertainment and vendors and give to the person who will handle that
? Confirm honeymoon reservations
? Make necessary honeymoon preparations, i.e. bank, traveler's checks, etc.
? Prepare and pack for honeymoon
? Confirm out-of-town guest accommodations and transportation
? Check in with the florist to confirm arrival time set up
? Have your wedding ceremony rehearsal letting everyone know what they will do on the wedding day
? Have and ENJOY your rehearsal dinner!
Your Wedding Day!
? Allow plenty of time for your scheduled hair and makeup appointments
? Allow at least 2 hours for dressing
? Bring the rings and marriage license
? And MOST IMPORTANTLY, take a long deep breath and relax and enjoy your day!
Both James Lee & Lesley Mattos are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
James Lee has sinced written about articles on various topics from Information Technology, Day Trading and Build Muscle. James Lee is a full-time day trader specializing in the mini-sized Dow futures. His core trading strategy is based on pivot point clusters and Market Profile. Find out how to identify high probability trading opportunities at. James Lee's top article generates over 1900 views. to your Favourites.
Lesley Mattos has sinced written about articles on various topics from Wedding Bells, Baby Shower and Wedding Bells. For the last three years, Lesley Mattos, Founder of Adesso Albums has been happily pursuing her dream of helping people all over the world capture the Now in life's most important moments. Of all the ways to capture your wedding memories, the Adesso Album. Lesley Mattos's top article generates over 18100 views. to your Favourites.
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