Hi guys, hi from Andrea Unger! Are trading systems really that difficult? Do we actually need NASA technologies and tools to develop profitable trading systems? Or can we succeed using simple setups and good sense?
There are many communities on the internet in which people talk about the application of complex methods and softwares to create profitable trading systems. But is Python the solution? Is MATLAB what we actually need? Is R the only way to elaborate complicated statistics? Do we need to program in C# to get faster systems?
My question is, are these tools really necessary to become successful traders, or are they just a funny justification? Something like “I can’t do this, so I will never be profitable”? I think the second option is the more likely.
These are only justifications, they are just excuses. These tools are exceptional, but we do not really need them. If you know them and can use them, perfect. Use them and enjoy yourself with them. You will probably create good trading systems. However, they are not necessary to become successful traders.
There are lots of easy setups you can create, develop and test. There are many things you can study without any knowledge of very complicated tools. We do not need to learn them.
The only thing we actually need to apply is some good sense. Sometimes, a simple breakout of the high of yesterday (there is a post about this in the blog) can be as effective as a complicated setup or a statistical research.
So, stop being worried and start developing your strategies! You only need common sense, basic knowledge and simple setups. Believe me, it works, so go ahead!
Ciao from Andrea Unger, see you next time!