• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

"Do not confuse a setup with a signal. Two very different things."

Discussion in 'Trading Strategies/Systems' started by Trav., Jan 12, 2020.

  1. Trav.


    Likes Received:
    Nov 27, 2017
    I came across this tweet yesterday from Nick Radge and thought how true is this.

    I have been busy beavering away learning AmiBroker code and trying to develop a system that matches my style / psychology ( weaknesses ) and this was a timely reminder that I should be more distinct in defining my setup and then when to enter a trade.

    I have miss timed a few trades recently and I now believe it is as simple as not waiting for a valid signal to enter. It is worthwhile to take a step back every now and again to review a few trades especially when on a steep learning curve.

    rnr, fergee, Austwide and 6 others like this.
  2. tech/a

    tech/a No Ordinary Duck

    Likes Received:
    Oct 14, 2004
    This is very true with VSA analysis.
    Many who have Tradeguider Software fall for this.
    Once you have this understanding your hit rate
    Should increase
    So should your ability to exit cleaner and more accurate .

Share This Page