How to Day Trade: Indicators (Ep. 3)

How to Day Trade: Indicators (Ep. 3)

Author: Anarchy Analysis and Strategy Co. July 1, 2024 Duration: 9:38
Some of the most common tools used in day trading are actively slowing down your progress. In this episode, we unmask them! Key Takeaways: There are an infinite number of indicators and indicator settings to use. This makes wading through these as a beginner almost impossible. Indicators simultaneously show you too much information (causing false trade signals), and yet show you nothing new. Every indicator is simply another way of viewing what is already on the chart. Overuse of indicators and fully systematizing a trading strategy actually creates a randomized trading strategy. There is no plug-and-play strategy that can make money or we'd all be millionaires. Because of this randomization, losing traders become breakeven traders and think they made progress. But this creates a cycle that they can never escape, because to do so would mean losing again. If you had a money printer you wouldn't sell it for $20. Neither would that guru online. Do NOT pay for an indicator. Backtesting data is easily fudged by backwards engineering the constants in the indicator itself. Conclusion: Indicators are just a simplified way of viewing what is already on the chart. There is nothing special about them, and there is NO combination of indicators that will ever create a winning plug-and-play strategy. They are distracting you from what will actually make you money. Price action. Remove the indicators from your chart and become intimately familiar with your chart. Resources: Episode on strategy: https://open.spotify.com/episode/1cqIJa3Z0WXrC3whgWyS2A?si=4d41_u4bQTeSihw_Qh5B1Q Overdiagnosing Article: https://www.bu.edu/articles/2011/medical-overdiagnosis-bad-for-you-good-for-business/ Day Trading with Astrology: https://pro.thestreet.com/trade-ideas/yes-you-can-effectively-trade-stocks-using-astrology Socials: Website: www.Anarchytrading.com Twitter: @Anarchytrading YouTube: @Anarchytrading

Most conversations about day trading are filled with promises of easy wins and complex systems that rarely deliver. Anarchy: Day Trading for Rebels takes a different path, built on the stark reality that the vast majority who try this fail. Hosts Jordan and Levi from Anarchy Analysis and Strategy Co. operate from a simple premise: if you want a different outcome, you can't follow the same advice everyone else is using. This podcast cuts through the noise surrounding forex, crypto, futures, and options to examine what actually creates sustainable results. You'll hear detailed breakdowns that challenge popular myths and a relentless focus on the foundational pillars that are often ignored-psychology, disciplined risk management, and unwavering consistency. There's a clear disdain for chasing secret indicators or paying for signals, replaced instead with practical, actionable discussions aimed at building a trader's resilience and process. It’s for those who are skeptical of the mainstream financial gurus and want a straightforward, no-nonsense dialogue about the real work involved. Tune in for a business-focused conversation that values strategic thinking over hype, designed for the entrepreneurial mind ready to question everything they've been told about the markets.
Author: Language: English Episodes: 100

Anarchy: Day Trading for Rebels
Podcast Episodes
How to Day Trade: Strategy (Ep. 1) [not-audio_url] [/not-audio_url]

Duration: 9:24
In our 100th episode, we kick off our "How to Day Trade" series. Discover the biggest lie in the day trading world... and how correcting this mindset will set you far ahead of the rest of the pack.
Introducing the "How to Day Trade" Series: (100th Episode!!!) [not-audio_url] [/not-audio_url]

Duration: 0:57
Do you wish there was one place you could go to that would give you all of the most critical information to succeed in day trading? Well, in celebration of our 100th episode, and an amazing year of podcasting, we are int…
The Return of Bob! - How He is Speedrunning His Progress [not-audio_url] [/not-audio_url]

Duration: 36:43
We interviewed Bob in Episode 25 of the podcast. He is a long-time trader who had never reached profitability. In the previous interview, he was just becoming aware of our way of viewing learning trading, and now he is 9…
The Key To Success is NOT Winning More Trades [not-audio_url] [/not-audio_url]

Duration: 9:02
Levi & Jordan discuss a major mindset shift that has to take place to become profitable... and why focusing on winning more, is causing you to fail in the long run.
Answering your Day Trading Questions!!! [not-audio_url] [/not-audio_url]

Duration: 14:42
We answer YOUR questions that you've sent in, and give answers to questions such as: 1. How to read price action 2. How to avoid taking profit too early 3. How to stick to a single strategy
Is Day Trading Evil?!?! [not-audio_url] [/not-audio_url]

Duration: 12:45
If day trading is a zero-sum game, is it even moral? Are we just taking money from less fortunate people? Is there even an important reason day trading exists, or is it the equivalent of sitting down at a poker table? Le…
3 Good Reasons You Should NOT Day Trade [not-audio_url] [/not-audio_url]

Duration: 17:46
That's an odd title for a day trading podcast! But trading is hard... are you up for the challenge? Levi & Jordan break down the reasons you maybe shouldn't day trade. These are the things that will either keep you from…
How to Let Your Winners Run [not-audio_url] [/not-audio_url]

Duration: 10:26
We discuss one of the best ways to avoid cutting your winners short and greatly reduce the stress that naturally comes from day trading. You won't want to miss it!
Taking a Break: A Day Trading Superpower [not-audio_url] [/not-audio_url]

Duration: 11:51
We talk about the two wildly different reasons we did NOT trade today, and why you may want to do that to. Are there days where you know you will trade poorly, and are you doing what needs to be done to avoid letting tho…