Do you sometimes feel as if though you’re a step behind everyone else in the market? The simple fact of the matter is that the most successful financial market traders in the world today invest a lot of time and money on tools and education.
When you really stop and think about it, this makes a lot of sense. Things are constantly evolving and changing. For example, some people wonder whether or not it makes sense to exploit new NinjaTrader strategies as they become known, or if it makes more sense to stick with classic strategies that have proven themselves to be effective in the past.
As you may already know, NinjaTrader is a world-class trading platform used by countless numbers of the most sophisticated financial traders in the market today. The issue of whether or not it makes sense to use NinjaTrader strategies that are brand new is somewhat controversial. In a lot of cases, many of these strategies are so new that there really hasn’t been an ample opportunity to put them to the test in real world trading.
Remember, anybody can sit around and devise new strategies and then test them based on how the market has performed in the past. In situations like that, it’s easy to create a particular strategy that would have (in the past) yielded a 700% return. The real challenge is when it comes time to risking real money in an active market. It’s a very different feeling to try a strategy that has so far only really been tested within a computer trading model.
What you ultimately need to realize is that people who make the most money in the financial markets are open minded to trying new strategies to see if they will work. This is what ultimately gives them an edge over their competitors who oftentimes prefer to stick with classic strategies that have certainly proven themselves to work but are being used by so many people that they’ve become somewhat over-saturated.