Posted by: joetradingplace | July 31, 2012

Thought of the Day

Systems should be kept as simple as possible. Overdoing things doesn’t make a system better; on contrary , it can take away from a good system. Trying to make a system too complicated with too many indicators and variables is a common mistake with some traders; some of the best systems are the simplest. As a rule of thumb, a system should fit on the back of an envelope and be easily explained so that someone can understand what every indicator does and every rule does.

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