I am feeling benevolent today

Discussion in 'Trading' started by TrueRange, Mar 1, 2008.

  1. So for all those seeking the grail or posting repeated topics dealing with what method to use or what instrument to trade here you go.

    It does not matter.

    Nothing is absolute in trading beside the total mind job you will receive if no plan is in place to deal with ANYTHING that may come up. And that if you do not have that plan in place when events occur you will do the complete opposite of what you should be doing. In other words risk managment.

    Fundies, price action, sentiment, quant, fusion, indicators, news, earnings, reports or darts, the method is irrelevant.

    I have had the special oppurtunity to witness over 500+ hedge funds/high net worth traders perform live day after day for several years. And view end of year numbers. And there is not one that had good returns year after year that ultimately did not rely on risk management for success. Every type of strategy you can imagine. From PHD`s in mathematics - cowboys that swung the entire balance on one position at a time.

    Now stop seeking the grail and seek within instead.