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Podcast: Anarchy: Day Trading for Rebels
Episode: How to Day Trade: Indicators (Ep. 3)
Description: Some of the most common tools used in day trading are actively slowing down your progress. In this episode, we unmask them!
Key Takeaways:
There are an infinite number of indicators and indicator settings to use. This makes wading through these as a beginner almost impossible.
Indicators simultaneously show you too much information (causing false trade signals), and yet show you nothing new. Every indicator is simply another way of viewing what is already on the chart.
Overuse of indicators and fully systematizing a trading strategy actually creates a randomized trading strategy. There is no plug-and-play strategy that can make...