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Simplify

  • Writer: Korbinian Koller
    Korbinian Koller
  • Sep 28, 2024
  • 2 min read


When you are about to execute or when observing a fast paced market or when you have been watching markets for a while and your focus wanes you need to have a minimalistic instruction set to never get into a space of overwhelm or confusion.


This overwhelm and confusion can easily go that far that you will not remember your own telephone number and alike.


As such i follow the rule of "never assume", which goes as far that I do not assume to remember my daily calls which are absolutely necessary to filter my trades.


As a remedy I color code my four market groups I trade.




Don't apply a complex system that you have to think about to have the more defined daily calls


just put red and green markers in front of the trading objects after you made your daily calls


This will help in a moment of overwhelm to quickly have a cheat sheet right on your trading view charting platform if you trade this instrument on this day in the color indicating direction or not


so for example:


if we had a daily calls like this:


XAU sideways to down

XAG uncertain

BTC UP

ES uncertain


You take no color for ES and XAG for the uncertain to indicate you will not trade this vehicle


mark Gold red knowing you can only trade shorts on Gold


and mark Bitcoin in green indicating that you can only take long trades on BTC


(pick a color that triggers "sideways" for you)


It would look like this:




this data reduction reminder is there to trigger following these rules:


What not to do:





You might have all these reminder stickers around your monitors or incantate your rules or even think"I will never forget" this or that, but my experience shows that these steps are necessary.


In this case your color coding is in the field of vision where you are looking when considering trades near your chart and could be the most useful shortcut to help your brain at a time of confusion or overwhelm.


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