can someone give me the holy grail

[pspr]

Now that I think about it, no one here has really defined what exactly would be the "Holy Grail" of trading. I guess to be a true Holy Grail one would think 100% of trades must be profitable resulting in a large consistent monthly return on capital.

However, I would also think I had found the Holy Grail if I had a system that had at least 80% profitable trades with at least a 3:1 profit/loss ratio. I would also consider a system with 60% profitable trades and a 5:1 p/l ratio the Holy Grail if it were consistent and trades were presented reasonably often. And, of course, reasonably scalable.

What do you guys think? What parameters would a system need to be considered the Holy Grail for you?

 

[Redneck]

OP,

Here ya go - straight up – with no bullshit


Keep losers small

Allow winners to be small, medium, and large


======================================================================================

Fact; There is certainty, control, and profit – in managing losers

(aka managing our self)

=====================================================================================

RN

 

[limau2]

7 steps to find Holy Grail

1. Understand that Fear and Greed are basic instincts
2. Understand that you can't control market
3. Prepare trading plan - eliminate Fear and Greed or impulse trading
4. Execute trading plan - practice to control your trading
5. Achieve profit consistency
6. Multiply profitable positions
7. Holy Grail

 

[trade4ever2day]

Quote from limau2:

7 steps to find Holy Grail

1. Understand that Fear and Greed are basic instincts
2. Understand that you can't control market
3. Prepare trading plan - eliminate Fear and Greed or impulse trading
4. Execute trading plan - practice to control your trading
5. Achieve profit consistency
6. Multiply profitable positions
7. Holy Grail

Thanks for the laughs

Steps to finding a woman that will make you happy

1. Understand that insults and cheating are basic instincts
2. Understand that you cannot control women
3. Prepare your plan
4. Execute plan
5. Find the woman and get married to her
6. Live happy for as long as it takes (probably a few months)
7. Prepare to meet her lawyers in the cleaners (drawdown)

 

[red2893]

1. Identify the Bias
2. Trade with the Bias
3. Don't trade unless you can Identify the Bias

My blog discusses this in more depth:

http://theopeningrange.blogspot.com/

 

[limau2]

"Understand that you cannot control women"

Good one !

 

[XEC10]

Plan your trades so that you expect to gain in the long run

http://en.wikipedia.org/wiki/Law_of_total_expectation

 

[shakira]

Quote from MAESTRO:

Good, honest answer! You have the right attitude, you might be able to figure this out after all. I can only give you one clue. I suppose it won't hurt. "KURTOSIS" If somebody gave me this clue in 1993 it would have saved me 5 years of aggravations! So here is your Christmas present! Merry Christmas and happy trading!

MAESTRO

1-LEPTO KURTOSIS + ARCSIN LAW ---> LIQUIDITY.

2- X= A+ B+ C

X= Success
A= Work
B= Play
C= Keep your mouth shut

Merry Kurtotic Christmas.:eek:

 

[Rationalize]

Ignore trading advise.

Do the back testing.

 

[traderslair]

back testing is bullshit

the past is no guarantee for the future, a guy who was in the market yesterday or last week will not be there today, he might quit trading or he might never trade that instrument anymore. So back testing is such a bullshit.

who invents that kind of shit ? are people really that stupid ?