Kardec Trader explains why chasing the perfect indicator wastes time. Indicators lag behind price movement, so they can't predict entries or exits. Use them as training wheels, not your main strategy.
Even when I first started trading the first thing I would do is I would go add so many indicators to my charts and be like well this indicator is going to tell me this, that indicator is going to tell me this and it'll give me the perfect entry and exit way, right? It just doesn't exist. The problem with indicators is that they are lagging indications of the market. Indicators showcase their movements after price has formulated. So think about that for a second. Price needs to formulate and then indicators start moving as the way they will be according to price. So, so indicators, you can look them, look at them as cool training wheels but indicators are not like a forward moving indication of what will happen. It does show you what has happened and you can kind of gauge off that a little bit. But don't look for indicators as, as like the main thing to help you identify where to buy, where to sell and just get the perfect entry and exit signals because once again that doesn't exist.
