The first of several analogies to come between biking and trading, Darrell reminds us that it’s often the simple, familiar systems that are the most reliable.
Alright, wanted to give you an update. Here we are in northern Idaho. We’re just off the Clearwater River and it’s absolutely beautiful. We’re into the second week of riding so we’re all… I was going to say “a little tired” but we’re a lot tired. One of the things, riding mile after mile looking at our Fezzari bike, a thought came to me. I was thinking about it: the last 100 years, really, the bike hasn’t changed all that much. Basically, you have two tires, brakes, gear ratios, higher gears, lower gears, easier and harder to pedal and to ride… but that’s pretty much how it’s been. Really a very simple machine. With something as simple as this, you can ride thousands of miles.
Thinking about that, you can relate that very easily to the currency market. A lot of traders get confused. There’s 50,000 indicators and everyone’s telling them “oh, you need this indicator or that indicator” or “have you ever used this?” There’s different ways to analyze the market. You have Fibonacci, Elliot waves, Gann cycles, lunar cycles… and people can get confused.
One of the things we like to teach at the Apiary Fund is to find what works for you, to simplify it. Find a pattern, a way to analyze it, maybe a tool, maybe one or two tools that can help you make good decisions, and then go with it. Stick with what works.
So, we wanted to give you an update. We’re enjoying the journey. Hopefully you’ve been following us and watching us. We’ll see you down the road!
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