One of the main differences between serious traders and amateurs is their dedication to the actual art of trading. Most newbie traders are so obsessed by systems, markets and timeframes they get lost in the multitude of decisions one has to make, even before trading.
The reality is that virtually any trading system will work if you spend long enough using it and fine tuning it to the market you are trading. Unless, you are a high frequency super trader that trades on a millisecond time frame, most trading systems have been around for a very long time. Before computers, in fact. Look at all the current indicators people use and then of course candlestick charting, which goes back thousands of years. Then there are the Fibonacci systems and Darvas box’s none of this is new. So putting innumerable twists on the same system is futile.
Successful trading is a mind game. Convincing yourself that you have a system, as good as any, making it work for you on your market and within your parameters and then following the flow. All the real market gurus that made billions did not play around with a multitude of random systems. They developed their own based on what they believed in.
Sooner or later you will come across WD Gann. In current money he would have made hundreds of millions on the stock market. He predicted the tops and bottoms of so many stocks correctly you would have thought he was a time traveller. Well, ironically he was very much into Astrological phenomena and used them to time some of his entries and exists. Whatever it takes.
So the reality is that unless you can use the stars or tea leaves to predict market movements choose the most convenient and simple system that you can understand and make it yours. You may not make millions in a year but you wont blow your account, and as you enter into the flow of the market, it will speak to you.
Overcome your fear of trading, practice discipline and be patient. Take the trades as they come along, abide by the signals and spend much of your free time developing and bettering your edge. Tinker with your system, to make it more efficient, but do not keep changing it. Forget about the gurus and voodoo traders. They will take your money, sell you a crazy system, not tell you how it works, and start a new one.
TAKE Responsibility of your own trading and you will be one of the 5% who make it big.