Hi guys, hi from Andrea Unger! Today, I’d like to talk about the fact that the system I teach is not a universal system that works on every market and timeframe, but a method to create different trading systems by analyzing the markets and taking advantage of their specific features.
I often use the word “system” when I talk about the method I teach. I know that, when I say things such as “the system to trade the markets”, I may lead people to think that I teach a trading system that can be applied to the markets to make money.
This is not the truth. I’m sorry about that, but there is no system out there that could be applied to any market and timeframe, working everywhere. This is just a myth, something that was created by the industry. Those people who claim that a robust system must work on every timeframe and every market, only want to push you to buy their material, misleading you into thinking that with it, you’ll become able to build this system. However, “this system” doesn’t exist.
When I say “system”, I mean a method to study and approach the markets. I try to dig into the data, in order to understand how the markets move and how I can take advantage of this.
Actually, I teach a method to analyze and develop trading systems.
There can be many kinds of trading systems: Trend Following, Counter-Trend, Bias, Swing Trading, and whatever you can imagine. However, these are just names. What matters is that we simply develop something that enters at a certain point, exits at another and makes money throughout this move.
We can call this system in different ways, depending on the reason why we took that trade. However, what we actually do is taking advantage of moves. These are the trading systems.
So, stop looking for the trading system, because it doesn’t exist. Instead, start looking for a method/system to analyze and study the markets and produce your own trading systems.
That’s all guys, stay tuned and good luck.
Ciao from Andrea Unger!