Day Trading Tips and Tricks

February 18, 2024

Indicator Warehouse

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The World’s Best Trading Indicator

Did you know there is an incredible trading indicator out there that will help you significantly improve your trading? One that will help you be more successful. One that will give you consistent results and help you “pull the trigger” when it’s time to take the trade. Yes, it’s true, yet most people don’t know about it.

What is this mysterious trading indicator? Read on.

If you’re like most traders, your charts look something like this:

World's Best NinjaTrader Trading Indicator

When prospective customers show me charts like this, my first question is always “how can you make a fast trading decision with all that stuff on your chart?” Of course, the answer is you can’t. There is too much information on the chart, much of it conflicting, making it nearly impossible to make any decision at all.

Why am I telling you this? Wasn’t I supposed to tell you which trading indicator is the best one to get?

Okay, here it is – the World’s Best Trading Indicator is the one that helps you make a quick, easy decision. Feel cheated? Don’t. There’s more to this than you realize.

You see, any trading indicator will work, to a degree. But, we traders convince ourselves there is a super-secret “magic bullet” out there that will solve all our trading problems. So, we spend countless hours mashing indicators together until our charts become so cluttered we can’t make a decision anymore. We think we’re smart, but in fact, this is death to a trader.

Without exception, ALL successful traders can make clear BUY/SELL decisions, whether right or wrong. Professional Traders and Money Managers know that even if they are correct 50% of the time they can still make money trading. A lot of money. If you don’t believe me, go HERE.

How is this statistic possible? The answer is the numbers don’t lie. Professional Traders know that proper money management is more important to their success than finding the “magic bullet” signal.

What NinjaTrader Trading Indicator is the best?

Professionals know that the market is unpredictable, so trying to find the perfect signal is a waste of time. They know that what they need is a clear signal they can quickly act on. This combined with “never-ever-ever risk more than you can afford to lose” money management rule are the “secret tools” Professionals use to become successful traders. However, this proven approach to trading is exactly the opposite of what most home based traders do.

Most people think that in order to be successful traders, they need to be right all the time. They hate taking a losing trade; hence they spend all their time “tweaking” their entry signal by piling one indicator after the next, giving little or no thought to how much they are going to risk on their trade or how they’re going to manage the trade once they are in it. The end result is a chart so cluttered that you can barely discern the price bars, let alone try to make a good trading decision. With so much information, you end up with “analysis paralysis”.

So if you’re unable to make a definitive BUY/SELL decision off your chart, and if you continue to risk too much of your trading account, you are doomed to become another trading statistic. Do yourself a favor and start stripping off some of those indicators that are cluttering your charts. Your mantra should be “does this help me make a decision?” If it does, it can stay. If it doesn’t, get rid of it. Your focus should not be on which is the best trading indicator? Instead, your focus should be on does it help you? That’s how the Pros do it and so should you.

February 18, 2024

Indicator Warehouse

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