can someone give me the holy grail

Traveler · May 20, 2011

I would say the portfolio of systems described in acrarys threads are pretty close to the holy grail in trading, considering he said they run in very liquid markets.

Rationalize · May 21, 2011

Quote from deaddog:

50% is not bad if you cut losses and let winners run.

Like I said nothing works all the time, and there is more to trading that just buying or selling a MA cross. Risk and Money management also factor into the equation.

50% - costs.

Why is it assumed that cutting your losses and letting winners run works?

Do you think this works for casino games too?

Really?

deaddog · May 23, 2011

Quote from Rationalize:

50% - costs.

Why is it assumed that cutting your losses and letting winners run works?

Itâs kind of simple. If you have an equal number of winners and losers. You make more with the winners than you lose with the losers. Shouldnât you make be making more money than you lose.

Do you think this works for casino games too?

Really?

It does for the casino. They donât win all the time but they play enough games that over the long haul they win.

As for the players, poker and blackjack can both be profitable if you know what you are doing. You donât win all the time and can suffer severe drawdowns but you can exploit an edge if you have the discipline and the bankroll.

tradertom · Oct 24, 2011

Cut your losses, let your profits run

intradaybill · Oct 24, 2011

The Holy Grail is the ability to process data faster than your counterparty.

This is the modern definition of that.

Do you have 60K to spend? You may have a chance. But not guaranteed.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2968698#post2968698

swingtrader123 · Oct 24, 2011

Here is the holy grail

If the instrument you are trading does not move as you expect it, get out immediate. It is better to exit early and reenter once proven right then to hold on and pray. This was the best tip I got from reading the Phantom of the Pits
by Art Simpson.

Rationalize · Oct 24, 2011

Quote from swingtrader123:

Here is the holy grail If the instrument you are trading does not move as you expect it, get out immediate. It is better to exit early and reenter once proven right then to hold on and pray. This was the best tip I got from reading the Phantom of the Pits
by Art Simpson.

You might find that the sum of the large number of small losers overwhelms the sum small of the small number of large winners.

Pretty much any backtest of a moving average based strategy will show this same result.

swingtrader123 · Oct 24, 2011

Quote from Rationalize:

You might find that the sum of the large number of small losers overwhelms the sum small of the small number of large winners.

Pretty much any backtest of a moving average based strategy will show this same result.

If that happens, then you may not have an edge. It is much easier to overcome a small loss than a large loss. My experience has taught me to take many small profits (hit singles) instead of trying to hit a home run. Taking what the market gives me instead of what I think I can get was the turning point in my trading.

Trading is very personal, so there are no right or wrong answers.

cyoungmark · Oct 25, 2011

Quote from vk60546:

one of the posters here posted that they gave their family member a holy grail and they still failed.

Now, after reading that thread, I've found that some of the rules were:

1. Don't trade stocks that have an avg. daily volume of 1million
2. Price must be over $10

but I'm not sure about the other rules.

Also, I'm looking for interday trading strategy, since I can't be trading during the market hours.

Thanks to all. Sorry for such immodest request.

Honestly, you can forget what everyone has said on this thread. The holy grail is TIME AND REPETITION.

ElectricSavant · Oct 25, 2011

don't you mean PRICE & repetition?

Quote from cyoungmark:

Honestly, you can forget what everyone has said on this thread. The holy grail is TIME AND REPETITION.