Several years ago I was in search of trading that was as simple to understand and execute as possible. I had researched so many systems in 10 years of studying and trading and one thing they all had in common was complexity and vagueness. Everyone that claims to have the holy grail says it is a no brainer but when you start to dig into the nuts and bolts of the system you always find glitches. You will start to uncover little tweaks that the system promoter says you have to adjust for one reason or another.
After awhile you have so many tweaks that you begin to wonder if this a system at all. Many times I have asked myself if I would not do better by just flipping a coin. On most systems flipping a coin would be better. This is sad but true. You see the only trading system that is dependable is money management. I know that you hear this glossed over in every book and system out there but the truth is that 99% of success in trading any market is due to money management. This is the dull side of trading and when you are trying to sell a million copies of a book you have to advertise the flashy side of trading.
A good example is to ask someone what they need to do...
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