Welcome to Smart Trader Tips
K.I.S.S. “Keep it Super Simple”
This acronym is VERY applicable to this business of trading. Keeping it simple in regards to your trading means keeping all aspects of your trading activity simple. Simplicity is the MOST often and easily over-looked factor to profiting long-term in any financial market. The reasons that trading lends itself so easily to leading people to believe that they must use complicated and (or) expensive trading methods are many and varied.
Most successful traders have trading strategies which are straightforward and very simple to implement. Keep in mind that a trading strategy is not just about entry points – a good trading strategy includes multiple things such as what and when to buy, where to place stop loss orders and when to take profits, risk management, position sizing, expectancy…etc.
Before you can manage any trade you are in you MUST have an EASY to see, yet SOLID entry point, after that all the other pieces of a sound trading strategy will fall into place. Our set-ups are designed with one thing in mind, simplicity. If your loved one, or non-trader, can’t figure out what you are doing then it is TOO complicated.
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Do you want to try to trade from a chart like this?
Or a Simple chart like this to trade from?