jojofang0901

Why I decided to change my trading style and method after years

Education
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Why I decided to change my trading style and method after years:


First of all, I am not here to bash and talk negative on other traders who are consistent traders who do use these methods to their success.
I am sharing my on personal journey and opinions, based on past experiences and past journal/history.
By no mean I am saying my current style or strategies are better. I am creating this post for educational purpose only, no offense/criticize is done here to anymore.

1. I actually used to trade with S/R, supply/demand zone, and small number of indicators (MACD, EMA, RSI...etc), you can look back at my tradingview post years ago.
2. I have been somewhat consistent with those strategies and methods, and do generate profits within the years that I have adapted those type of strategies.
3. The time when I decided not to implement those methods anymore, is because when I back test and look back at my trading journals and history, I find out ways that I could improve my trading potential.
4. I realized many of these S/R, indicators are actually acting as an invisible barrier for me when I trade.
5. Many of my trades in the past have been short lived due to me sticking to my trading plan and exit a trade when the price hits a certain "criteria" such as 50 EMA, some S/R zone, or fibs level...etc..
6. While its good to follow and stick to my trading plan and risk management, but when I do self reviews on past trades, I begin to find out there is a lot of profit I am leaving on the table.
Or, poor trade management due to similar issues.
7. I begin to do in depth research on these topics and come to my personal conclusion.
8. The true is, I dont need any of those indicators and S/R level/zones on my chart. Simply remove all of them and see how the price is on a raw level.
9. I fully understand when the price is in its impulsive phrase, none of these indicators or levels can "resist" or "support" the price. The price simply breaks them or "impulse" through them.
When the price is in its corrective phrase, this is when those levels or indicators work since price is in a correction nature and allowing those levels or indicators to "catch up" to the price.
10. When I dig deeper and more research and analysis, I begin to see the market on a totally different level. I realized how the market moves, and why it moves.
11. There is a saying, "Dont just believe what the others are telling you", or "Try it yourself before saying it out loud". I certainly put in time and effort into this and have done substantial amount of work to be confidence to express here.

I hope this brief post is helpful for those traders who are still trying to identify how to trade and what to adapt in their trading plan. I welcome any positive/constructive comments, feedback, suggestions or opinions.

Thank you



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