The "Holy Grail"

[aphexcoil]

LowestBid,

Douglas Adams, correct?

 

[Gordon Gekko]

Originally posted by OPTIONAL777


I predict, just like a popped virgin, you will bleed when you start trading futures. If you can deal with the pain and blood loss, you might make it.

777

lol what an analogy! :eek:

 

[LowestBid]

Originally posted by aphexcoil
LowestBid,

Douglas Adams, correct?

Correct. And thanks for all the fish.

 

[axeman]

"Daniel_m, a trader of one"

peace

axeman

Originally posted by daniel_m
yes...but i also like to build 'em up...(kinda like the marines )

 

[axeman]

I wish I had never heard of TA and simply started
watching the markets.

I would have learned faster and saved a lot of money.

peace

axeman

 

[JORGE]

Originally posted by axeman
I wish I had never heard of TA and simply started
watching the markets.

I would have learned faster and saved a lot of money.

peace

axeman

Try spending 4 years learning how to analyze stocks on a fundamental basis and then 4 more trying to forget everything.

 

[axeman]

Ouch!!! Fortunately, I came to the conclusion that
fundaments were total bullshit right at the start.

Are you trading full time now?

If so.... you get the Trading TENACITY award!

peace

axeman

Originally posted by JORGE


Try spending 4 years learning how to analyze stocks on a fundamental basis and then 4 more trying to forget everything.

 

[JORGE]

Axeman,

The 4 yrs refers to going to college for a finance degree then working as a broker/analyst for 4 more before making the shift to trading. It took a while to throw logic and rationalization out the window and rely totally on what the market was telling me.

I still work out of a small brokerage office and it amazes that people who have been in the business 20 years do not understand why a stock will trade down on good news or vice versa.

 

[Futuresnut]

My guess is that Aphie will figure out that Aphie isn't trading the market but that Aphie is trading Aphie. If your system or approach truly has a statistical edge then the only reason it will succeed is that you've applied the "Holy Grail" element to it - you!

And most likely you'll find that out fairly quickly...

Trade well!

 

[Tradesman]

This thread is cracking me up . It's probably got the record for the most replies in the shortest amount of time. Seems like everybody's looking for the holy grail. IMHO you just need a reason to get in. If its TA fine. If it's a coin toss, that's probably ok too. It seems so "DUH" to say this but I've just got to anyway. Plan a trade, take your stops with lightning speed, trade the plan....no plan... No trade...Manage the trade correctly, you get to eat well. If you don't it's the dumpsters for ya.