I have been trading a lot since i was 20. now i am 38.
I am not a millionaire but i learned so much that i know how to make money in trading, swing trading & investing. I have tried a lot of strategies out there. Since life has pushed me in the direction of spirituality and helping people i don't take much time doing it anymore and i never really enjoyed it that much. But i am good at it. I only lost money when there was corruption involved (as in company was fraud, ceo was fraud etc) but even experienced fund managers fell into the same trap as me.
So here go my two most important strategies:
* dont overthink or overstrategize. stocks always do the opposite of your extreme planning and thinking.
* look at the top percentage performers for the day (on barchart.com) for example
* browse through them and use your intuition as to what feels really hot
* buy it and hold it a couple of days or weeks sometimes months. Sell it. repeat
on forex:
* use heikenashi charting
* use technical indicators like CCI with (10 day and 25 days average) on 4 hours or day charts. not less than 4 hours.
* check whether the indicators show overbought or oversold situation. when the reversal happens watch the color of the bar change and then put in the buy or sell order in the direction of the reversal.
* works 95% of the time.
* never over leverage. always do a maximum of 2 trades its better just 1 trade. leveraged only 10% of your portfolio. you NEVER want to kill a position because you don't have the cash.
i know this sounds oversimplified but it works.
Why does it work? because your intuition knows more than your thoughts. Its as simple as that.
Through years of analyzing (and i am extremely good in statistics and analysis) of financial sheets, dilutions, management etc. I realized your gut feeling cannot be beating by your thoughts.
What you get when a good trade is close a kind of good feeling about it. When the good feeling is there the trade will go correct 99% of the time. When you have this not sure or clearly not good but you stick in it then its going to go against you.