What is the Holy Grail to you?

[Maxwell 10]

"The Holy Grail"

 

Most of use have our own definition of the holy grail in trading. Whether it is a strategy, indicator, or system, the holy grail is the key to successful trading. Im curious to know the various answers to this question.

 

To me its having discpline. Anyone else have an opinion?

[Piptrader 10]

"The Holy Grail"

 

Most of use have our own definition of the holy grail in trading. Whether it is a strategy, indicator, or system, the holy grail is the key to successful trading. Im curious to know the various answers to this question.

 

To me its having discpline. Anyone else have an opinion?

 

Discipline is also number one on my list. That and consistency. Its too bad so many traders go looking for a magical indicator that will make them money. A perfect system can be handed to a trader with no discipline and he will lose money.

[Ron 10]

Add money management to that as well

 

Using stops, having an entry and exit strategy.

[Daniel 10]

Having a daily trading plan and sticking with it! How many traders break their own rules everyday? 95% of them do.

[stocktrader 10]

BRCM is the Holy Grail to me

[tradergap 10]

The opening gap is the holy grail.

[carter 10]

Learning to control risk. This is the only way you can possibly profit from trading.

[ezduzzit 10]

Hmm.. lots of good rules to trade by here. I guess I would say it is your own personal commitment and willingness to do whatever it takes to maintain your edge, as long as your actions remain consistent with limiting your risk and thus preserving your capital to trade.

 

Happy Trading

[Follow The Trend 10]

The Holy Grail for me is that moment when you KNOW that a company is about to turn the corner, and you have spotted the change in trend before the masses (and completed your investment).

 

There is no better feeling than being in front of the herd, riding the momentum, and watching the sheep follow. Then the trick is knowing when to jump off and take a profit............never easy.

[ezduzzit 10]

Well said FTT.. when you are not the lead dog the view never changes and it is an unpleasant one at that! Isn't it interesting that some traders absolutely obsess over entry points while others, who are equally as successful absolutely swear that it is exits that are the key, not entries. I guess that is all part of what makes trading so rewarding when you hit it right consistently.

 

Happy Trading

[modric 10]

What's important for me?

Discipline in persisting in below:

I will accept a job I enjoy in it - am good at it - people are looking for my service - I'm of help.

 

I can enter in a gambling site or whatever, maybe even win a lot, but I found that this make me nervous and I lost all my money there anyway.

 

It is just a good feeling when you come to the point when your work has some sense to others also.

[zarif 10]

Hi my first post here.

 

I think it is having belief in your work, Have a plan and trade the plan. Know where the entry and exits are. Being consistent in your trading and money management. Know the timeframe that you are comfortable in undertaking.

 

rgds

Zarif

[tab321 10]

Aint really found the perfect Holy Grail yet

[Soultrader 12]

Hi my first post here.

 

I think it is having belief in your work, Have a plan and trade the plan. Know where the entry and exits are. Being consistent in your trading and money management. Know the timeframe that you are comfortable in undertaking.

 

rgds

Zarif

 

Hi zarif,

 

I agree. Without beleiving in yourself, one will find it hard to even follow his trading plan. You will have days where your setups may not work. But by believing in your methodology you are able to take the next setup. You believe that the probabilities will work in your favor.

[protrader 10]

price and volume

[Brian_McAboy 10]

"Know thyself" is the holy grail. If you have no clue as to who you are, what your strengths and weaknesses and natural tendencies are, what your true beliefs about money and competition, then trading will present many uncomfortable situations in which the reflection of your true self will be shown.

[namstrader 10]

just keep putting the shoulder down and plowing ahead, detached from outcomes, using these outcomes as knowledge stepping stones; wisdom takes effort and usually more than we want, inorder to be able to sign for the package containing the Holy Grail. Just keep biting the apple with some mojo or the nojo will get ya.

[torero 10]

"Know thyself" is the holy grail. If you have no clue as to who you are, what your strengths and weaknesses and natural tendencies are, what your true beliefs about money and competition, then trading will present many uncomfortable situations in which the reflection of your true self will be shown.

 

Excellent post! The quest for the Holy Grail is no more than journey of self-discovery. Pure and simple. After this, trading systems, strategies, indicators, and markets will all make sense.

[Anna-Maria 10]

FLEXIBILITY:

 

that's the key to everything in this business. If you can't or won't bend & flow with the markets (whichever instrument base you execute from), you're a sitting duck.

 

you can possess the best strat, mm strike, risk model & discipline template out there - but if you're unable to catch the changing trade winds, those edges or advantages will dissipate.

[torero 10]

agreed. recognizing a changing is tough even for veterans sometimes. And once recognized, you have to have the ability to do a 180 degree turn on a dime when it's time. that's difficult too. That requires a lot of mental preparation.