Issue 149: 7 Traders Discuss the KISS - Masters In Trading

7 Traders Discuss the KISS

Are you a trader who aims to make money in the markets and ultimately achieve financial freedom? If this is your goal, then we have some great news for you! 

Learning to keep it simple stupid (KISS) can be a potent tool when it comes to trading on the stock market. By understanding the basics of the KISS strategy, traders are able to generate consistent profits with minimal risk exposure. Not only does KISS reduce stress levels, but it could also be your ticket to achieving your dreams of financial success. 

In today's MIT Digest, we will discuss why KISS is so crucial for traders and how learning to master its lessons can help you become successful in no time at all!

My First Day at a New Trading Firm

When I finally gathered up the courage to walk through the tall glass doors, I took a deep breath and felt a spark of energy coursed through my veins. The year was 2003. That day, I took my first step into a trading firm that would be my home for the next 8 years.

I began training with my new mentor, Tom.  After introducing himself, he got right into talking about the trade. “Everyone makes bond trading way too complicated and it's not rocket science,” he would say. 

“You’ll learn how to break things down into the lowest common denominator so you know specifically what to look for. Just keep things simple,” he said sternly. “And remember, Keep It Simple Stupid!” 

With those words ringing in my ears, I set off on a journey of understanding how bonds worked and how they could be traded effectively without getting too complicated or technical about it all.

Keep it Simple Bond Trade – Use Implied Bands for Support and Resistance

From then on, whenever I tried something new or brought a fresh idea to the table, those four words would echo in the back of his mind: Keep It Simple Stupid! 

Over the years, this phrase became a mantra as I watched other traders make things significantly more complicated than they needed to be, only for them to eventually fail due to unnecessary complexity. Meanwhile, my group was finding consistent success due to a basic, uncomplicated, and direct approach.

1. The KISS Principle

The KISS principle is a well-known acronym that stands for: Keep it simple, stupid. The principle is often used in business and can be applied to many different situations. In the world of bond trading, the KISS principle can be a valuable mantra to live by.

2. The Benefits of Simplicity

There are many benefits to keeping things simple for traders. It can help reduce risk. When traders overcomplicate their strategies, they open themselves up to potential mistakes that could cost them money. Additionally, simplicity can help increase profitability. By eliminating unnecessary complexity, traders can save on transaction costs and make better use of their time.

3. How to Apply the KISS Principle

There are a few ways traders can apply the KISS principle to their trading strategies. One way is to focus on a small number of markets or instruments. Another way is to use simple trading strategies that are easy to understand and implement. Finally, traders can keep a close eye on their portfolios and only make changes when absolutely necessary.

4. The Bottom Line

The KISS principle is a valuable mantra for traders to live by. By keeping their strategies simple, traders can reduce risk, increase profitability, and make better use of their time.

“I just wanted to let you know how grateful I am for your service.  I am a nurse by day. I’ve tried other, more expensive trading services and couldn’t be happier with what you are doing and offering at such an affordable price.  Thank You.” – Jeff J.

“Hey Jonathan, I really, really, really want to thank you for cajoling me into your coaching group and second for being such a patient mentor.  I have long since paid off the tuition, almost accomplished by FCX alone. Thank you many, many times over.”  Philip P.

“Hey Jonathan, I just wanted to reach out and say thank you. I have had very few losers recently.  I appreciate the discipline you guys have been teaching. You are changing my future.” Tim R.

“Before working with Masters in Trading, I was a seller of options.  But now I have seen the light! Who knew you could make money from BUYING options?  I didn’t! Thank you, Jonathan Rose.”  Sears K.

“Hey Jonathan, thank you so much for teaching me how to scalp gamma.  This is amazing how you can manage your options position.  By the way, I had never heard about this. I subscribed to a lot of different services but only yours gave me real education and helped me become a better trader.” – Jasolaw 

“Fantastic job on the Unusual Options Activity course!  I will watch it again tomorrow, and no doubt many, many times.  Best course I ever bought!” – Mike C.

“Thank you for your education and for reducing my fear of options.  I have added $41,976 to my accounts in the first 60 days.  Thank you! You are a blessing to my clients and me.”  – Georgia R.

Masters in Trading Digest - Issue 149

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Jonathan Rose

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