trading setups

[olweiser]

I've been using an oanda game account to trade a couple of strategies from Joel Rensink over the last 2 months, I haven't exactly paid close attention to them but I do place the trades every week and glance at them each day. So far so good (I think these are breakout strategies.)

...but something is bugging me...

All the global companies (or a lot) outsource their trading to 3rd party professionals that tell them exactly what to trade and when. So (without sounding like a lazy b**tard) why do people bust a gut spending years learning to trade when there are methods that are already tried and tested? I mean, sure read the books on turtle strategy, elliot wave, etc but since we talk about human phycology in trading non stop - why dont traders spend all their time learing to think better about money, then learn the basics of pips, stops, etc, then just trade what the big boys are doing?

There's the question of capital startup, but that aside....

 

[cu2]

Because all are looking for the holy grail. Something better than what we have. Many times you try something out and it has bad results then you move on. Or maybe it doesn't suit your personality. A lot of traders do ignore the fact about physo aspects which you are talking about. You need to have an edge and trading is not as easy as one assumes it is much more complex. Most want to make money to quickly. If you find something that is working then you need to stick with it and then work on the rest.