What is your "TRADING HOLY GRAIL"?

[OddTrader]

Quote from Grob109:


Equities trading may only have a money velocity of 5% a day, but after the compounding is done for a few years, then the trading limitations show up and limit income levels. Money has to be removed as suggested possibly. I do not believe this means that there is not a high level goal attainable. It is just reached and a limiting capacity prevails in that mode.

I think you've made a very good point indeed, thanks Jack.

 

[bighog]

As "Grob109" states about removing money (profits) out of the trading account.

I do the same thing at certain level of profits. Some persons can trade big numbers just as profitable as when their account was smaller with no problem. Whenever i ran the acct up past a double, i would start to get sloppy and mess up. This was a signal to the noogan that something needed to be changed. I decided that this was another step in "knowing yourself".

Maybe i was not meant to make a lot of money at once....HA I remember a trader at the CBOT said to me: Some people get to a certain level and have a inherent habit in blowing themselves up, some people were not wired to do bigger numbers. Sounds goofy, but i get to 50k and screwed up a number of times. Then reconditioned myself and the account.....helped a lot.. Thanks for the post, it refreshes me also......

 

[buzz]

Don't seek the Holy Grail: There's no secret trading formula other than solid risk management, so stop looking for it.

buzz

 

[trend_guy]

balls with good timing

 

[porgie]

It is system that never fails........isn't it? works same any market doesn't it? any time frame? find that and u have it?

 

[cnms2]

buzz,

I subscribe to your opinion. There are several quite different methods of extracting money from the markets, but all should have the same denominator: good money management:

• saves your skin when you're a market newbie
• keeps you in the market long enough to find your edge and brush it up
• allows you to extract the maximum amount of money from the market once you have a profitable system
• protects your gold nest from black swans and system degradation

Quote from buzz:

Don't seek the Holy Grail: There's no secret trading formula other than solid risk management, so stop looking for it.

buzz

 

[OddTrader]

What is your "TRADING HOLY GRAIL"?

Most don't know.

Know don't tell.

 

[andrasnm]

fade the mob who is more often than not dead wrong.

 

[buzz]

Quote from andrasnm:

fade the mob who is more often than not dead wrong.

Fade yourself: The best opportunities trigger in the opposite direction you want to trade. Think contrary and make money

 

[OddTrader]

Here is my Trading Holy Grail:

In trading, all things can go wrong - the buyers, the sellers, the analysts, the advisors, the corporations, the regulators, the brokers, the hardware, the software, the prices, my decisions, and finally the markets.