Over Complicating

Over ComplicatingLesson 4 of 124 min read

The easy half

The two halves of the work and why one takes far longer to learn than the other, with what that means for a month of correct readings and lost trades.

The work splits into two halves, and they are not the same size.

Reading direction is the smaller job

Deciding where price is likely to go is comparatively straightforward. Read the daily, check the charts under it, write one word.

Modules 34 to 36 cover the whole of it. Most people become acceptable at it within a few months of doing it every morning.

Getting the direction roughly right is the easier half.

Execution is the hard half

The hard part is turning a correct direction into a trade worth taking. That means an entry close enough to your invalidation price that the reward is several times the risk.

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