19 Oct The Simplicity Secret
The Simplicity Secret
Oct. 19, 2022
That’s what it takes to change our lives forever.
We don’t need Navy SEAL willpower, motivational speeches, or mantras in the mirror.
We just need to be able to act in 20 seconds.
Here’s an example.
Want to change your fitness permanently by jogging thirty minutes a day?
Put your running shoes by the door. Make it possible to get your shoes on and be out the door in 20 seconds or less. If that’s your setup, you’d be surprised how many days in a row you run. If it takes longer than 20 seconds to get out the door, then it’s back to doom-scrolling–and no jogging.
Want an actual example?
I’ve walked at least 10,000 steps a day for 747 days in a row. Woohoo.
What’s my secret? My shoes are by the door and I sleep in comfortable shorts that can be worn in public. I can get up out of bed and be out the door in seconds. Or I can take impromptu walks when I have some free time. It takes no effort to get steps in, so the streak continues.
Of course, the contrary is true. If it takes longer than 20 seconds, it won’t get done.
Is it a multi-minute hassle to go to the gym? Then we won’t go. Is it laborious to make a salad for dinner? Then salad won’t be on the menu today.
Trading is similar.
If it takes two hours to pour over charts, we probably won’t take the trades. If we have to watch charts for hours a day, we probably won’t take the day-trades.
And if we want to try to solve that problem by using a trading robot? We’re still not immune.
If it takes ten minutes to put in each detail of two-dozen settings (with the pressure of having to do it right and the danger of the strategy not working right due to a typo), will we ever utilize that robot? I’m worried the answer is no.
So, that’s why I’m developing KISS (Keep It Simple, Sherlock) robots. I’m doing this mainly for my own trading but it’s occurred to me it might be a better way for anyone to trade.
There’s a problem, though. For someone new to automated strategies, this seems dangerously close to a “black box” system that we’ve been warned about.
Never trade a black box, we’re told. Why? Because the reason they’re not showing you the details is because it’s a scam.
But if there was a way to feel confident it wasn’t a scam, is this a better way to trade?
Should all of our strategies be KISS rather than complicated?
Here’s an example of my prototype KISS robot. This uses the Master Trend robot, specifically the Stochastics indicator, for breakouts, and risks 7% each time.
Here’s what the settings look like:
I kind of love that. It makes me want to trade it. Is that weird?
And here’s how it’s hypothetically done in 2022 on a $10k account risking 7% per trade:
That’s over a 100% hypothetical return this year. Yikes.
I’m not trading this live yet, and it’s not for sale. It’s just a prototype. But I’m wondering if this is the direction I want to go in my trading.
Being able to execute a good habit in 20 seconds works forever.
Being able to turn on a robot and get started in 20 seconds might work, too.
Join the free Newsletter list here .
Get Robot information HERE.
Visit my Performance Page HERE.
Buy my new book HERE.
The Inevitability of Becoming Rich is HERE.
My latest YouTube video is HERE.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these sites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.