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Friday Feature: Thoughts of a Pure Chartist – Part 2

August 7, 2020

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Keep it Simple

In my early years of trading, I was very insecure with trusting the technical trend of a chart.  I think my insecure mindset induced me to use far more indicators than necessary.  I was also easily influenced by my own opinions or the news and I overreacted to everything.  This resulted in over management of positions that either took far bigger losses or far lower profits.

It took years for me to grow out of this phase of over-management and to learn to just trust the simplest technical trend without so much second guessing.  One of the exercises I did in training my own psychology was playing the Chart Game at www.chartgame.com. The beautiful thing about this process is that chart game just randomly pick a bunch of charts without even telling you what the ticker symbols are and you just trade without any bias to solidify your own belief system with technical trends.

When all you have is a chart and volume left, all your bias is forced out of the picture.  You realize how simple this game is and how it can evolve your trading in a live environment to adapt a firmer belief system to follow technical trends. 

Today, my setup is far simpler than it ever has been.  This is my personal setup below which includes:

  • Exponential MA 9 days
  • MA 50 days
  • Volume
  • RSI

That’s pretty much it.  Let me know how you are combating your own over trading tendencies and reach me with comments below. 

Pearl Li. The Theta Finder. In the Making.

Tackle Trading: Pearl Li.

Pearl Li previously has been a product management professional for more than 10 years working at well-known companies such as Amazon and Nielsen Company. She took the leap in 2016 with Elite Legacy Education to learn about building long term wealth through financial market trading/investing. In 2018, Pearl happily left her job to pursue investing/trading fulltime producing theta style trading that generates monthly cashflow. She is thrilled to be a voice on the Tackle Trading platform to share her transformation as she goes through various phases of her growing experience.

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One Reply to “Friday Feature: Thoughts of a Pure Chartist – Part 2”

  1. Avatar Kerk LeBlanc says:

    Great Blog,
    Thanks for sharing the chart game. It is so cool, I love it.

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