What is your "TRADING HOLY GRAIL"?

Wow, some of you traders are really dumbing down the meaning of Holy Grail with your suggested versions of what the HG of the trading world is.

the Holy Grail, if it were real and not merely legend, would be considered ONE --awe of the world-- artifact making all other priceless objects seem like (ironically) cheap reproductions next to it. To discover the Holy Grail is to become the finder of untold riches/fame/and miracles.

http://www.reference.com/browse/wiki/Holy_Grail
".....CASUAL METAPHOR: The legend of the Holy Grail is the basis of the use of the devalued term holy grail in modern-day culture. This or that "holy grail" is seen as the distant, all-but-unobtainable ultimate goal for a person, organization, or field to achieve. For instance, cold fusion or anti-gravity devices are sometimes characterized as the "holy grail" of applied physics."

Really, money management or knowing yourself, etc.... are hardly even close to achievements/discoveries that merit the term holy grail. That's like saying people with I.Q. of 110 are genius.
 
Quote from lokkeilaw:

My trading holy grail is identify how specialists and market makers do headfakes and take my profit. Knowing when they do fakes, it is straight money.

I would like to take this opportunity to thank the market makers for the tricks they put on traders.
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When there is opportunity to make unbounded wealth, those who have the resources will take make every effort to get as much of it as possible.

A key part in my trading is acknowledging that the markets have always been and will always be manipulated by those who have superior access to information. The signatures of this behavior leads to market inefficencies that can be mined by a smart nimble trader.
 
Quote from HGTrader:

Wow, some of you traders are really dumbing down the meaning of Holy Grail with your suggested versions of what the HG of the trading world is.

the Holy Grail, if it were real and not merely legend, would be considered ONE --awe of the world-- artifact making all other priceless objects seem like (ironically) cheap reproductions next to it. To discover the Holy Grail is to become the finder of untold riches/fame/and miracles.

http://www.reference.com/browse/wiki/Holy_Grail
".....CASUAL METAPHOR: The legend of the Holy Grail is the basis of the use of the devalued term holy grail in modern-day culture. This or that "holy grail" is seen as the distant, all-but-unobtainable ultimate goal for a person, organization, or field to achieve. For instance, cold fusion or anti-gravity devices are sometimes characterized as the "holy grail" of applied physics."

Really, money management or knowing yourself, etc.... are hardly even close to achievements/discoveries that merit the term holy grail. That's like saying people with I.Q. of 110 are genius.
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Hi HGTrader,
You seem to be dozing off in the artificial mist raising out of the scenery of a modern day Wagner Siegfried or Parcival Opera - pretty slo moving stuff - langweilig. :(
If you want to scrape money out of the market, forget about trying to see any similarity between misty operatic legends and market nimbleness.
Leave it up to fools to search for Holy Grails.
 
Quote from mhashe:

When there is opportunity to make unbounded wealth,...
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Hey,

I'm always bounded by the taxman looking over my shoulder. Did you manage getting rid of that beast?
 
Quote from nononsense:

money management?
That's the loser's Holy Grail. :D
If you learn how to make real money, you can be bothered with that kind of nonsense.

:cool: nononsense :cool:
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nononsense,

Apart trending finding as edge finding why do you dismiss the MM as a parameter to find/get an edge?

Thanks for your time,
Bernard
 
Quote from Bernard111:

nononsense,

Apart trending finding as edge finding why do you dismiss the MM as a parameter to find/get an edge?

Thanks for your time,
Bernard
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Hi Bernard,

I'm just back fron doing a little post. You may want to read this as a prelude:
http://www.elitetrader.com/vb/showthread.php?s=&postid=959727#post959727

Not that I am against the proposition that somebody could make money with MM (or Trend as I like to put both into the same class)
Firstly, years of study made it clear to me that nobody can tell what is meant by Trend or MM. A quick glance at the thousands of posts concerning these power words shows clearly that many others also seem to share my bewilderment. Looks not unlike a thread about evolution in chitchat. One thing that is absolutely known is that both are a guaranteed way to easy riches - almost as good as that coveted HG.

As to MM. Indeed, ever since Blaise Pascal's days, probability theory has devoted quite some attention to games of chance. Over the years, many interesting topics have evolved resting on rigorously defined premises. In fact some true adepts get regularly thrown out of posh casinos as undesirables.

It is clear that probability theory, statistics and markets don't easily mix. Learned professors keep impressing a gullible public with their "science" year in year out. Their offspring, in street language called "quants", keeps on getting fired wholesale by disillusioned money-organizations.

Basically what I don't believe in is that:
(1) One should come up with some kind of money making trick, typically found in a learned book and further refined by intensive web-surfing;
(2) The above will probably have got you stuck in the infamous "95percent" category. Don't worry. In fact, you could as well have used random entries. This is often equally effective. The crux is to apply MM. Start reading about all those ratios. Don't get dizzy, simply apply the "math" and money will start flowing into your account. If you don't quite get this, try trading a few methods at the same time. Rigorously apply MM to each.

What I believe in: I use some things you could call Trend and some that you could call MM. Common sense would certainly suggest this to anyone. Over the years, it became more and more difficult to extract anything specific like Trend or MM out of my personal approach. It is ONE. You could as well say, the only thing I use is my own Trend, or my own MM.
If MY trend is up, I buy. If MY trend is down, I sell.
Another way of saying: if MY MM looks low-risk, I'll act. If MY MM alarmbell goes off, I bail out.

Now what is MY trend or MM: that's for another time.
:D
PS: don't pain your brain too much about my non-ET, home-baked signature. It's merely allegoric.
________________
Trend Finding is Edge Finding and Edge Finding is Trend Finding
nononsense's axiom
 
Quote from nononsense:

Their offspring, in street language called "quants", keeps on getting fired wholesale by disillusioned money-organizations.
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Really?! Can you provide some concrete examples perhaps to back up that statement (or should I say assumption?). If anything the converse appears to be true.

Just curious...
 
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