wisdom: keep it simple

I have read everything I can lay my hands on regarding share trading...and have come to the conclusion that a lot of what is written is not necessarily useful in "real life" trading.

But amongst all the different opinions, there are a few very useful ideas, and its these ideas that can make all the difference to success. So I'll highlight some of these under the "Wisdom" heading in some of my posts.

One of these ideas, and one I have followed even before I started trading, is the concept of KISS - or Keep it Simple Stupid. This means if something is not complicated, there is no point in complicating it...to do that is just silly.

In trading, the goal is to make a profit overall.
Its all about dollars and cents, in other words, its all about price.

What the price does is what affects our bottom line, not what the chart indicators, or even the volume do. It is only the price that makes a difference.

Sure some of these tools can give you an indication of what price action might do...but when it comes down to it price action does that all by itself.

In the chart of SMM I posted earlier, I only included price and some simple trendlines.
That is all you need to profit from trading.