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Put up some. And cute try with ... pick a market. You pick fact man.
BTW just to be clear no one else, including myself, have put forward any facts either. 100% opinion in this topic so far. But then no one but yourself is claiming to have the facts.
Can you help answer these questions from other members on NexusFi?
Well, I've posted lots of videos winning trade after trade using some techniques I feel have a great win rate. Doesn't seem to get much interest though,. So I think even if someone posted an amazing Holy Grail system, the reaction would probably be lackluster. The posts that seem to get the most response are the usual "I'm a newbie and here is my journal" type stuff.
If the holy grail is a system that gives you consistent profits then there a many opportunities to find the so called holy grail but most systems are developed through some level of sacrifice that one may not be prepared to go through to get the key to the holy grail. I had been chasing trading success since 1996. I wasn’t given a holy grail package but an opportunity to learn a trading methodology which produces results , impressive results. My issues had nothing to do with making money. They had more to do with personality and mental challenges which work to block any hope of finding and holding on to what you make. The battle of greed, impulsive behaviour, a terrible lack of patience and a basic understanding of what the market is telling you without the use, any use of any indicators of any kind, will keep you from understanding the holy grail even if it stared you in the face. In no way do I want to come across as promoting any company or saying I have the answer for you. It would be up to you to come and try it out and we for yourself. When you are making money consistently, which you will, you will only get the key to your holy grail if you can win the mental battles that follow. I trade with a small group of traders at the Fibonacci Institute. We trade pure price action. This is where I found my holy grail. This is a good as it gets as long as you have a plan to conquer the toughest challenges in trading, greed, impulsiveness and a lack of patience.
I’m not wasting my precious time on someone whose main aim is to argue and find fault with everything that is said.
Get a life - there are some opinions in some of the stuff I have written and there are facts where I have indicated they are. Your attitude just illustrates that you must be a total loser in the markets and are not prepared to open your mind and receive some sage advice. It is always the losers who think they know better than everyone else who argue and obstruct instead of trying to engage in meaningful dialogue. I shall not waste my time responding to you any further. You are exactly like that twist from Antwerp RD591 or whatever his name was - knowitalls.
I unfortunately do not spend a lot of time here but when I received a note in my inbox about whether one could answer some members questions, I thought let me see if I can offer some perspective. But as you say, it appears that a lot of people on here do not want to discuss and learn, they want to argue and ridicule. If this site existed when I was starting out and I could have had opinions and insights of experienced traders I would have thought that I had won the lottery and embraced whatever information I was given. Sadly these newbies are arrogant and think they know better than everyone else.
Lively discussion is encouraged. Remain polite at all times. If you resort to name calling or other child like remarks, you will be banned without notice.
If you have a different opinion, that's fine! No problem! But when you discuss that with the group, you have to do it politely. It is certainly harder to be nice when you think the other person is wrong, but if you can't do it then better to just not reply at all.
Also, please leave the site moderation to the moderating team.
My opinion: retail systems / portoilio approaches are very personal but aren't by any means unknown. I understand people not wanting to disclose these methods out in the open, but I see some traders responding in this threat if they have some secret that is so amazing that sharing would mean end of their revenues. So I felt the need to react:
1) I can imagine 1 reason not sharing a system. And that is if your system is so widely copied that people are going to front run it and your edge is arbed away. But is this realistic? No I think so. Imo profitable retail traders are eating the crumbs other dropped and are not interested in picking up. Don't get me wrong, that can be a perfect system. But not a system that nobody knows and and is harvesting valuable secret alpha! If you do believe the latter, that wouldn't be very humble and the trading gods do know their way around with those people...
2) A profitable system for you does not imply a profitable system for other traders.
When traders are presented with the same profitable system, they end up having very different results.
A trader that just adopts algo's or discretionary methods as a black box will have problems surviving the inevitable periods of drawdowns. This why I agree with your comment that every trader has to develop or evolve their own methods/algo's. It's all about YOUR believe/knowledge of a system that can make you a successful trader. But to be honest you need some experience and hard work and failure for creating a system or portfolio approach that is profitable
I am a newbie who happens to totally agree with you. I have never set out to look for a holy grail but I have always wanted to find out how to deepen my understanding of how the market works and how to make money consistently. I believe I May know how to make money consistently but to get the key to the holy grail I must also overcome greed, impulsiveness and develop a deeper ability to exercise patience. Without those behaviour changes a system that does 1000 percent daily will still do me no good.
And just to not fool anyone word "some" translates to 10-20+ years in the trenches full time. What works for one most likely wont work for another as its the ability to read the context what matters imo. So eventually if it took ya 20yrs of blood and sweat to arrive at consistent profitability I'm pretty sure sharing is the last option of interest for the time being
