[Why you lose money with trading indicators] Here’s the thing | The Real Rayner Teo

[Why you lose money with trading indicators]

Here’s the thing:

There are profitable traders out there who use indicators in their trading.

And you’re probably thinking:

“Since they are making money with these indicators, why don’t I just copy them?”

So, that’s what you do.

You follow the same indicators, settings, instructions, etc.

But, you still lose money with trading indicators.

Why?

Because what you see is only the surface, not the complete picture.

Here’s an example:

Let’s say Michael is a profitable trader who relies on trading indicators to time his entries and exits.

Now, the reason why Michael finds success with indicators is not that he found the “perfect” settings or whatsoever.

Rather, it’s because he knows how to switch gears and use different indicators for different market conditions.

So if you were to blindly follow what he does, then when the market changes, your trading indicators will stop working and that’s when the bleeding starts.