An argument for less
No one wants to hear that, because it doesn’t agree with what they’ve already spent years learning.
Let me blow your mindThe physical world
Let’s trade gold.
We stand at the gold counter. I say, “Dude, you should resell this stuff for a profit.”
You check the current price. You ask whether it’s going up or down lately. If it’s going up, you buy it, hold it, caress it, maybe get a little too attached, then sell it when it’s worth more.
We just traded gold. No computer. No indicator. No magic.
What does gold cost right now?
Has price been moving up or down?
Pay a price you believe is cheap.
Let someone else pay the expensive price.
The screen turns on
Later that day…
Same gold. Same price. Same trade. But now there’s a screen in front of you, so suddenly the simple answer can’t possibly be enough.
“MORE INFORMATION
MUST MEAN MORE MONEY.”
More tools.
More noise.
Less conviction.
Here’s the part nobody wants to admit.
Back to first principles
The whole job
Buy.
Sell.
Quit making this shit harder than it needs to be.
It’s just a trade. Indicators don’t turn it into a mystical profession. They often turn one clear decision into twelve conflicting ones.
The trap is believing that more knowledge automatically makes more money. Sometimes it just gives uncertainty a more sophisticated vocabulary.
Scott Malkinson · Trader