Now that I think about it, no one here has really defined what exactly would be the "Holy Grail" of trading. I guess to be a true Holy Grail one would think 100% of trades must be profitable resulting in a large consistent monthly return on capital. However, I would also think I had found the Holy Grail if I had a system that had at least 80% profitable trades with at least a 3:1 profit/loss ratio. I would also consider a system with 60% profitable trades and a 5:1 p/l ratio the Holy Grail if it were consistent and trades were presented reasonably often. And, of course, reasonably scalable. What do you guys think? What parameters would a system need to be considered the Holy Grail for you?
OP, Here ya go - straight up â with no bullshit Keep losers small Allow winners to be small, medium, and large ====================================================================================== Fact; There is certainty, control, and profit â in managing losers (aka managing our self) ===================================================================================== RN
7 steps to find Holy Grail 1. Understand that Fear and Greed are basic instincts 2. Understand that you can't control market 3. Prepare trading plan - eliminate Fear and Greed or impulse trading 4. Execute trading plan - practice to control your trading 5. Achieve profit consistency 6. Multiply profitable positions 7. Holy Grail
Thanks for the laughs Steps to finding a woman that will make you happy 1. Understand that insults and cheating are basic instincts 2. Understand that you cannot control women 3. Prepare your plan 4. Execute plan 5. Find the woman and get married to her 6. Live happy for as long as it takes (probably a few months) 7. Prepare to meet her lawyers in the cleaners (drawdown)
1. Identify the Bias 2. Trade with the Bias 3. Don't trade unless you can Identify the Bias My blog discusses this in more depth: http://theopeningrange.blogspot.com/
Plan your trades so that you expect to gain in the long run http://en.wikipedia.org/wiki/Law_of_total_expectation
1-LEPTO KURTOSIS + ARCSIN LAW ---> LIQUIDITY. 2- X= A+ B+ C X= Success A= Work B= Play C= Keep your mouth shut Merry Kurtotic Christmas.:eek:
back testing is bullshit the past is no guarantee for the future, a guy who was in the market yesterday or last week will not be there today, he might quit trading or he might never trade that instrument anymore. So back testing is such a bullshit. who invents that kind of shit ? are people really that stupid ?