When I was learning to trade in the 1990s, I tried to put together a technical trading system. But I was all over the place. I would try one technical indicator and then abandon it shortly thereafter for another, and after a year or more of this I had managed to make exactly zero progress. I was frustrated and wondered whether I should just give up.
Then a trader friend gave me some advice that got me back on track in no time. He said that I should just pick my favorite two or three indicators or oscillators and use them together. Using the basic default settings and trigger levels, I now had a system; all I had to do was sit back and wait for a stock to confirm and then enter the trade.
This story is from the 4 June 2020 edition of Finweek English.
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This story is from the 4 June 2020 edition of Finweek English.
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