Hard day was hoping for a strong trend but it never came Made 5 trades today 1 trade was very bad because I didn't follow my system rule risk management. But the other 4 trades were very good. So the system was able to predict major moves. And it can help time entries on major moves. But I have a hard time being patient enough to wait for those entry signals was why I made 1 big major bad trade today. I'm a bad trader and it's a surprised I was able to make money. I think my goal is to learn enough discipline to wait for those entry signals But what do you all think?
Both I do really really well with timing reversal but it's also can lead to huge losses if you're not fast with your stops. For a holy grail I would like to make 1 trade and have it turn into a 34 million dollar win like what bnf or cis did.
They’ve not gone from 186$ to millions overnight. You need to wait for your signals. Risk a fraction of your rewards, Don’t lose it all in one trade. Then you might reach CIS, BNF and the likes.
As a daytrader, the Holy Grail is being able to consistently buy at the low of the day and sell at the high of the day, or short the high of the day and cover at the low. Basically to capture the entire daily range. I think this is a commonly accepted definition of the Holy Grail (which doesn't exist), which is why you often see these indicators as being advertised as buying the exact daily bottom.
Black swans happen by their very nature ... because they are undetectable before they show themselves.
The Holy Grail should be able to apply the probabilistic odds for the conditions most likely before it apoears. Quit drinking from your lead cup.
Lead-brain Black Swans don't happen intra-day minute-by-minute - which is the only time frame I trade.