Friday, 7 December 2012

The Holy Grail of Trading and How to Find It. Part 1

One of the reasons that most traders fail is their unending search for the so-called Holy Grail of trading, which they never actually find.

Let me say at the outset that your Holy Grail is right in front of you.

This series of posts is to present how I found my Holy Grail and how it is evolving.

Firstly, let's decide what this Holy Grail is. For me, the Holy Grail is "what I do" to be consistently profitable in my trading. I hesitate to call it a methodology or system because it's a lot more than that.

There are only three things that a market can do: Go up, go down or go sideways. That's it! Lets clarify this a bit and say: Trend up, trend down, chop sideways. As soon as I make this clarification, I have to qualify my descriptions by attaching a time frame or periodicity to the clarification.

In subsequent posts, I'll explore the way I would suggest that this elusive "grail" quest take place. Let me start by saying that there are many, many methodologies that can lead to consistent profitability. What is hard is the putting in the steps to make that methodology consistently profitable.

The answer is CONSISTENCY. I think it was Henry Ford, the auto magnate, that devised the production line so that less skilled workers could effectively carry out skilled work. Adapting the production line methodology to trading is a way of making consistent profitability a reality.

To be continued....

4 comments:

  1. jenrique42

    These are the trades that retarded llevos unpublished euro in their later developments

    http://img51.imageshack.us/img51/9263/trade219.jpg
    http://img132.imageshack.us/img132/724/trade220.jpg
    http://img217.imageshack.us/img217/7480/trade221.jpg
    http://img846.imageshack.us/img846/8057/trade222.jpg


    http://img17.imageshack.us/img17/2627/operativa12052012.jpg
    http://img822.imageshack.us/img822/1364/operativa12052012b.jpg
    http://img706.imageshack.us/img706/116/operativa12062012a.jpg
    http://img845.imageshack.us/img845/8467/operativa12062012b.jpg
    http://img809.imageshack.us/img809/8454/operativa12072012.jpg

    P.S.. - E.L. I would like you to tell me as I'm doing, if I take good strategies, well you know I'm not pay and may not want to say anything about my work, but I would love to, and if you see any but the trades, and I know beforehand that I go a bit in some precipitato and tarry something else but that I'm entering in simulations to get the necessary balance

    The only downside I see is that I'm very, very slow to develop but it is what it is, with part time work I can not concentrate everything I wanted in this, but I think I can not complain for the way which is the subject

    jenrique42

    estos son los trades que llevos retrasados sin publicar en el euro con sus respectivos desarrollos posteriores

    http://img51.imageshack.us/img51/9263/trade219.jpg
    http://img132.imageshack.us/img132/724/trade220.jpg
    http://img217.imageshack.us/img217/7480/trade221.jpg
    http://img846.imageshack.us/img846/8057/trade222.jpg


    http://img17.imageshack.us/img17/2627/operativa12052012.jpg
    http://img822.imageshack.us/img822/1364/operativa12052012b.jpg
    http://img706.imageshack.us/img706/116/operativa12062012a.jpg
    http://img845.imageshack.us/img845/8467/operativa12062012b.jpg
    http://img809.imageshack.us/img809/8454/operativa12072012.jpg

    P.D..- E.L. me gustaria que me dijeses como lo voy haciendo, si cojo bien las estrategias, bueno ya se que no soy de pago y quizas no quieras comentar nada sobre mi trabajo, pero me gustaria mucho, y si le ves algun pero a los trades, ya se de antemano que en algunos entro un poco precipitato y en otro tardare algo en entrar pero para eso estoy en simulacio para coger ese equilibrio necesario

    El unico pero que yo le veo es que voy muy pero muy lento en el desarrollo pero es lo que hay, con el trabajo en jornada partida no me puedo concentrar todo lo que yo quisiese en esto, pero me parece que no me puedo quejar por el camino por donde va el tema

    ReplyDelete
  2. jenrique42

    Yesterday my trade in the euro and its subsequent development

    http://img834.imageshack.us/img834/26/trade223.jpg
    http://img856.imageshack.us/img856/5348/operativa12122012.jpg

    enrique42

    mi trade de ayer en el euro y su posterior desarrollo

    http://img834.imageshack.us/img834/26/trade223.jpg
    http://img856.imageshack.us/img856/5348/operativa12122012.jpg

    ReplyDelete
  3. Jenrique42

    I hope you had a great holiday and New Year. I start this year with more encouragement than ever to end the test and see if I get into real, even with the micro euro M6E.

    My operating today;
         - Http://img855.imageshack.us/img855/4825/trade228.jpg, my trade of the day

    and further development
         - http://img850.imageshack.us/img850/502/operativa01042013.jpg

    PD. - I look very forward your trading book, which I guess the last two months we may have a good push

    Jenrique42

    Espero que hayas tenido unas buenas fiestas y principio de año. Empiezo este año con mas animos que nunca para acabar la prueba y ver si me meto en real, aunque sea con el micro del euro, M6E.

    Mi operativa de hoy;
    - http://img855.imageshack.us/img855/4825/trade228.jpg, mi trade del dia

    y su posterior desarrollo
    - http://img850.imageshack.us/img850/502/operativa01042013.jpg

    P.D .- espero con mucha ansia tu libro de trading, que me imagino que estos dos ultimos meses le habras dado un buen empujon

    ReplyDelete
  4. jenrique42

    my trades today
    - http://img829.imageshack.us/img829/7923/trade229.jpg
    - http://img818.imageshack.us/img818/8608/trade230.jpg

    and further development
    - http://img560.imageshack.us/img560/4093/operativa01082013.jpg

    PS-I hope you write again soon on your blog

    enrique42

    mis trades de hoy
    -- http://img829.imageshack.us/img829/7923/trade229.jpg
    -- http://img818.imageshack.us/img818/8608/trade230.jpg

    y su posterior desarrollo
    -- http://img560.imageshack.us/img560/4093/operativa01082013.jpg

    P.D.- espero que vuelvas a escribir en tu blog muy pronto

    ReplyDelete