if you have a holy grail, what would you do when you are too old to trade?

Discussion in 'Strategy Building' started by trend2009, Dec 15, 2019.

  1. padutrader

    padutrader

    you do not need a holy grail to be profitable.

    a holy grail is 100% win or so i have i have assumed.

    most profitable traders have win ratio of not more than 60%,if public literature on the subject is to be believed.

    if you believe that traders who are consistently profitable have the holy grail then the holy grail does exist.
    it is possible to be consistently profitable by reading the market correctly because no price action takes place without warning;
     
    #61     Dec 16, 2019
    SimpleMeLike likes this.
  2. padutrader

    padutrader

    all accounts have an account manager who will eventually realise that you are a good trader
     
    #62     Dec 16, 2019
  3. i think it is true. an account manager can simply run a database search in a few seconds to list all profitable traders. I am surprised if the account manager has no interests peeking into how the trader did.
     
    #63     Dec 16, 2019
  4. Overnight

    Overnight

    You will need Tim.

     
    #64     Dec 16, 2019
  5. Pekelo

    Pekelo

    You are arguing a strawman... Irrelevant...
     
    #65     Dec 17, 2019
    gkishot likes this.
  6. zdreg

    zdreg

    If you had the holy grail you could afford to replace a broken keyboard.:D
     
    #66     Dec 17, 2019
    Overnight, ironchef and SimpleMeLike like this.
  7. R1234

    R1234

    Funny, I have been pondering this question more and more as I am now in my late 40s. I've had a creative burst in the past 5 years and have come up with a collection of 'holy grail-ish' systems that I continue to expand and build out. With all the countless hours I've spent designing/coding this stuff it would be really tragic if I died without passing it on.

    When I approach retirement in my 60s I plan to have everything 100% automated and turnkey (like click one button and out comes the daily tradelist). At that point I will hand it to my kids if they have any interest. If not I can sell it to an investment firm and just take the cash.
     
    #67     Dec 18, 2019
    Handle123 and nooby_mcnoob like this.
  8. If you want your kids to be interested, they won't be interested when you're about to die and they have their own life. Interest them from now. Talk to them about what excites you. My son often sits with me as I explain what I'm doing, just did it this morning as I let him skip the last day of school before winter break.
     
    #68     Dec 18, 2019
    murray t turtle, trend2009 and R1234 like this.
  9. ironchef

    ironchef

    I am still waiting for Schwab to contact me.:D
     
    #69     Dec 19, 2019
  10. ironchef

    ironchef

    Didn't work in my household. Gave them lessons. None interested. So I opened a trading account for each, put some $ in and told them to trade. After a short period they all took the $ out and spent on stuffs. :banghead:
     
    #70     Dec 19, 2019
    Flynrider likes this.