Today Sunil Saranjame of timamo has made a post linking my blog. I would like to thank him for the link . please read it here.
If you have carefully gone through the actual trades taken, you will find some difference in entries and exits. This is because the tactics differ. Very same concepts can be traded with very different tactics. The core concept of my trading is the price acceptance and rejection at trader decision points. Scans, indicators, candle patterns etc are all about tools and tactics to trade the concept. The method I trade is only "one of the ways to trade" this core concept.
The critical thing in trading is basing your trading strategy on a core proven concept.If the core concept is sound, rest is all about tactics. Concept comes first, then only tactics. Deep understanding of concept will help you build a strong foundation on which you can build a trading system. Low conceptual understanding is the main reason for failure in trading
Next time when you read about a new trading method, think about the core concept behind it before jumping on it. You can avoid a lot of frustration and save a lot of money.
Only conceptual understanding will help you to build an enduring edge