When a new trader enters the financial markets, it makes a lot of sense that they would go on to forums and search out information. They will also go to other websites, and perhaps look at technical analysis and seek out the help of so-called “gurus.” This leads to a phenomenon known as “system hopping”, hopefully something that you will spend little to no time involved with. System hopping when you first start trading is natural, because you are seeking out the best route to take going forward. Obviously, when you start a new endeavor, it makes sense that you would search around for the best way to go about it. It’s very easy to be convinced that somebody knows more than you, because you feel that you don’t know much. While this may or may not be true, that doesn’t mean that the other person is correct. Even if they are, it doesn’t mean that they are correct 100% of the time. Therein lies the rub, new traders are looking for the impossible, the Holy Grail of trading. It’s very typical to see a trader attempt a few trades using a system, taking a loss or 2, and then moving on to the next one. Unfortunately, they don’t give the system time to prove itself. Even worse, they do it with a live money instead of a demo account, because they are in a rush to become wealthy. I believe this is mainly driven by the “get rich quick” attitude of most advertising in the financial world. They are on to the next system before the original one has had a fair opportunity to prove itself. The reality is that most systems that are out there have the opportunity to make you money, but you need to give them the chance to do so. A perfect example is the moving average crossover system, something that a lot of people don’t like. However, over the longer term it does tend to make money. That’s the reason it’s been around for so many decades. It takes a trending market, and markets don’t necessarily trend all the time, but the gains far outweigh the losses longer term. However, most traders simply do not have the wherewithal to let the statistical advantage work itself out. They are already on to the next best thing, at least for the next few trades.