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Glad you noticed that - it was intentional. I don’t have an opinion, I know from fact! I’m not trying to be anything at all - I’m trying to get anyone who wants to turn the corner to success to stop being intimidated by every thing they read and hear.
You know what I notice? That it's always non-Elite members that cause the most trouble. Ten years and 100k members later, I still know of no good reason for someone to be an active member here for YEARS, consider themselves a trader, and make the decision to purposely NOT support the community they spend time in.
But, I do know that, unfortunately, this exact scenario has occurred in the past when the users were banned with prior accounts.
@bobwest can say something eloquent and with patience, whereas I'm just upset. I've been working on the site in all my spare time only to babysit people that don't value our community?
Fusion that’s what I’m trying to illustrate, you will need to build it yourself. The key word is adaptive indicators that adapt to any market conditions. The algorithm/methodology part of any system needs to adapt to current conditions as markets change their character all the time. Gone are the days when one rigid system could be traded on all markets. You need a system that adapts to any type of market.
That didn't take long. Next, queue up the post on ET. This guy really likes to ignore all the evidence right in front him, it's so much easier to simply believe what you want to believe. Never going to be a good trader like that.
The ban originally was only three months. Permanent now.
If by "Holy Grail' we mean, what did it take to become a consistent trader?
1. Patience, I learned to wait until I really liked a setup instead of trying to trade every squiggle
2. Trade smaller, taking emotions and bias out of the mix. Yes I theoretically make less money on paper but in rreality I keep more. I have tried to upsize over and over and it doesn't work well for me
3. Err on the side of taking profits often rather than waiting all the way until a target gets hit
4. Scale out. See above
5. Keep your setups simple and repeat them over and over. Trading becomes boring when you get good at it, imo, but I still like it
I think this is a much better definition of Holy Grail. We know that there are consistently profitable traders from academic studies. We also know that trend following, momentum, arbitrage, etc can all produce +ve expected value signals from academic studies. There are lots of research papers (The Journal of Portfolio Management, Financial Analysts Journal, The Journal of Finance and The Journal of Financial Economics) with evidence supporting many methodologies for producing an edge.
The question is how does any of us use this information to become consistently profitable.
I still think some people are fixated with this idea of a money machine that you can just turn on that makes money for you and you can then go off and do something else.
This is not possible.
Increasing your size is also part of the quest. If you want to increase your size then you need to change something in you.
There is this theory that you have a threshold over which you start to get anxious(for want of a better word).
Increasing your size can put you over your threshold. If you want to trade bigger size you need to increase your threshold.
Just like going to the gym increases your physical fitness/flexibility, meditation increases your threshold.
In other words you can take more stress without feeling anxious.
Of course increasing your threshold is not just good for your trading.
I have used broad concepts to explain the theory.
For those who find this suggestion useful https://www.amazon.co.uk/Thresholds-Mind-Bill-Harris/dp/0972178015
Stay safe
@Japhro, you are not the first person I've seen mention trading becoming boring once they gained some level of success. Could you explain why this is from your perspective? Thanks!
