A trader loaded their charts with moving averages, MACD, RSI, stochastics, and Money Flow Index, then froze when it came time to trade. They rebuilt with a minimal system that wins only 30% of the time but has clear rules for when to enter and exit.
I used to have a pretty complex chart layout. So I would have price bars, the moving averages, volume, and then I'll have a MACD, RSI, stochastics, money flow index. And what that led to was analysis paralysis. Like I'd see something, but then there were so many conflicting signals, I did not dare to pull the trigger. And then gradually I just decided I had to remove all of that and find something that is simple. It may not work 100% of the time. My historical win rate is 30%, but it's good enough. And so simple is better. You keep things objective. You know exactly where your out points are when the trade validates.
