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What I think the holy grail is

  • #21
  • Apr 4, 2011 7:37pm Apr 4, 2011 7:37pm
There is no holy grail, no perfect trading system, and (at least for the average retail trader) no return without some kind of risk.

The best that any trader can hope to achieve is to develop both a workable edge, and the means (i.e. mindset and/or some form of automation) to implement it.
  • #22
  • Apr 4, 2011 8:00pm Apr 4, 2011 8:00pm
At this point, I'd rather know what's the worst that can happen. After a while, the edge is easy to find; it's limiting loss that I'm worried about.
  • #23
  • Apr 5, 2011 3:15am Apr 5, 2011 3:15am
Quoting hanover
There is no holy grail, no perfect trading system, and (at least for the average retail trader) no return without some kind of risk.

The best that any trader can hope to achieve is to develop both a workable edge, and the means (i.e. mindset and/or some form of automation) to implement it.

Some people talk here about life and so on... and some people are talking about trading.
  • #24
  • Apr 5, 2011 3:59am Apr 5, 2011 3:59am
Quoting JohnFX_King
Some people talk here about life and so on... and some people are talking about trading.
Mindset intertwines them irrevocably.
  • #25
  • Apr 5, 2011 7:56am Apr 5, 2011 7:56am
For me holy grail is to believe in yourself. This applies to life and to trading. Believe in your self when you trade, believe in your decisions and in your plan.

In life you can do the same, only decisions are slightly different.
Almost got it or far far away. Result is the same - you didn't get it!
  • #26
  • Apr 6, 2011 4:18pm Apr 6, 2011 4:18pm
you=holygrail
Time Is Money
  • #27
  • Apr 6, 2011 10:02pm Apr 6, 2011 10:02pm
Hi,

The soul of forecast.

Kr,
Madalin
  • #28
  • Apr 8, 2011 1:26am Apr 8, 2011 1:26am

http://www.motifake.com/image/demoti...1257638121.jpg


Whatsoever!
  • #29
  • Apr 11, 2011 7:11am Apr 11, 2011 7:11am
Forex Holy Grail: By Low - Sell High.
  • #30
  • Apr 11, 2011 12:44pm Apr 11, 2011 12:44pm
Quoting anthoniex
holy grail = hard work
Quoting madalinilie
The soul of forecast.
Quoting abajiga
you=holygrail
Quoting Oliver_Chart
Forex Holy Grail: By Low - Sell High.
Yes, yes, the "holy grail" not only exists, but does so in some boring cliche that's been repeated here and elsewhere a million times.
  • #31
  • Apr 12, 2011 2:06am Apr 12, 2011 2:06am
Quoting Marv
Yes, yes, the "holy grail" not only exists, but does so in some boring cliche that's been repeated here and elsewhere a million times.
So you decided to repeat it one more time
  • #32
  • Apr 12, 2011 4:24am Apr 12, 2011 4:24am
Quoting josef
So you decided to repeat it one more time
Huh?
  • #33
  • May 13, 2011 7:05am May 13, 2011 7:05am
keep ur stops....If u can make money for 3 weeks straight, then lose 2 days in a row..while keeping losses small,....then this will protect your 3 weeks of winnings..
  • #34
  • Aug 22, 2012 6:57am Aug 22, 2012 6:57am
My point being, learn to trade. Here is a good starting point: http://www.forexfactory.com/showthread.php?t=39514
Gone to a better place
  • #35
  • Aug 23, 2012 4:40pm Aug 23, 2012 4:40pm
You need a holy grail?

BE the holy grail.
Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #36
  • Aug 23, 2012 7:10pm Aug 23, 2012 7:10pm
So the quest still goes on, that's a given..but not going to fall for anymore of the "I got the holy grail booyah" one liners ever again..bad enough I'd to go through that spin as a newbie but to keep coming across the same theme again and again..*sigh*
  • #37
  • Aug 25, 2012 6:18pm Aug 25, 2012 6:18pm
I posted this in the other The Holy Grail thread but here it is again. There is only one Holy Grail in the business, if there ever is a Holy Grail.

That is to be in a position where you are trading with markets money. Double or triple the initial investment and take your initial investment out.

Good luck to you all.
  • #38
  • Aug 25, 2012 6:28pm Aug 25, 2012 6:28pm
Quoting pipsel
You need a holy grail?

BE the holy grail.
Quoting CoolJL
There is only one Holy Grail in the business, if there ever is a Holy Grail.

That is to be in a position where you are trading with markets money. Double or triple the initial investment and take your initial investment out.
BRILLIANT!

Please post more useless cliches that sound good but have no practical use. We need more of these around here. Thx <3
  • #39
  • Aug 26, 2012 5:39pm Aug 26, 2012 5:39pm
Quoting Marv
BRILLIANT!

Please post more useless cliches that sound good but have no practical use. We need more of these around here. Thx <3
You expect holy Grail to be practical?
  • #40
  • Sep 28, 2012 1:07pm Sep 28, 2012 1:07pm
...which brings me to the difference between a pro and an amateur trader

It`s a well known fact that most ppl are not able to trade in a profitable way.
Remarkable is that amateurs hesitate to exit a trade when the market turns
against their position. It`s far better to exit a losing position in an early stage in order to minimize the risk rather than holding on to your original idea about the trade.

Another very important thing is to ask oneself: "how much can I afford to loose? (per Trade). If you know this, you will be far better off thanmost overly emotional people.

Another typical amateur mistake is trading an oversized bar. At the first glance,
an oversized bar looks like lots of other people are agreeing with the traderīs idea and it seems to be a good place to enter. However what happens quite often (most of the time) is that the wind turns and the next move is likely to be down. Large buying can end up by quick selling. When lots of people buy then they ultimately want to sell at some point. This puts the chart back down and triggers the stop loss of amateurs.

Cheers
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