I have found the Holy Grail after years of searching. Now the hard part is just to be disciplined and stick to it.
How to end the search for the holy grail?
- Thread starter FireWalker
- Start date
I have found the Holy Grail after years of searching. Now the hard part is just to be disciplined and stick to it.
I also had an epiphany just doing nothing, relaxing but thinking about my trades.
At the end of the day there's only two approaches, Trend Following and Mean Reversion. Due to inflation, markets have a long bias so trend following works. George Soros theory of reflexivity states that market participants has a distorted view of the price of the underlying security, so in fact it largely deviates from the equilibrium. Kind of like how it moves in waves into extremes which is also due to fear and greed.
This is why trend following is superior to mean reversion in most cases. I have found mean reversion is sometimes better but in very short time frames as they tend to range.
I dream alot. In reality when I sleep I dream all sorts of adventures and often I recall these dreams when awake. Also, I repeat dreams, along a theme, eg, years ago I frequently dreamt of flying, but I had to run down a hill or leap off a bridge to start the flight.
With trading, I think intently, go to bed early and dream trading.
Often I'll awake with a new idea.
If I have a problem to overcome, I'll mull over it till I solve it.
With trading, I think intently, go to bed early and dream trading.
Often I'll awake with a new idea.
If I have a problem to overcome, I'll mull over it till I solve it.
Douglas Adams put it in the simplest terms possible.
To be able to fly, you have to throw yourself at the ground and miss.
When I stopped looking to make money, and instead looked at losing the least with the same opportunity. Then the answer jumped out after some observation. And what I found is something many others seem to have found. The big challenge at that point is to prove it so you can believe in it, and remain disciplined. And then comes position size adjustments, etc.
Math is a wonderful thing. Apply well understood probability theory and calculate where your odds are best. If you don't have the data to do that then you are just guessing. Don't guess. Don't gamble. Don't speculate. Unless what you are really asking for is permission to do that.
Trading is more like a sport and less like academics. In school, you can get an A+ on every paper or homework assignment you do. In sports, every team has wins and losses, but the best teams learn from their mistakes, are adaptive, and have the resilience to persevere.
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Sure there is NOT;
with out some fundamentals nobody knows if its beans\ bonds or ETFs
''Pick one?? '' NOT likely. NEVER confuse research with jumping around; profits\ losses + profits help.
Plans help with wise jumping or moving....... So actually you are right
Holy Grails are in my opinion came about with luck, all of mine were. I was trying to do something else but keeping open mind...start quickly manually to see if a fluke then program for back testing than automation.
They not 100% but losing percentages under 2%.
What about few losing days a year scalping, that considered Holy Grail?
They not 100% but losing percentages under 2%.
What about few losing days a year scalping, that considered Holy Grail?
There are so many traders looking for a holy grail trading system, almost newbies doing that, looking any indicator and try one to another, but feeling frustrate when they don't find what looking for, I am also at the first time often change indicator, but now my trade just makes a simple, using candlestick pattern and most push to use risk management. I trade on forex with FXOpen broker.