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Broker: Interactive Brokers & Taiwan local brokers & AMP Futures
Trading: Stocks, Commodity & Index Futures
Posts: 117 since Jan 2017
Thanks Given: 135
Thanks Received: 100
I knew Holy Grail this vocabulary first time in this thread,
it means Holy Grail is a meaningless concept for me at the beginning ,
I don't have any established thought to Holy Grail. Therefore I have no belief to Holy Grail.
So logically, it is impossible for me to react the same as religious fundamentalists for the concept which I don't have any established thought and belief.
Yes, what I wrote previously are implying the same view with you.
That is why I discussed Holy Grail only base on the definition from OP.
As you knew OP defined Holy Grail as a system or a methodology,
however as I said previously, there are some market conditions are contradicting each other,
so base on the definition which made by OP, the Holy Grail itself impossible exist in the world,
if it could existed, it would be systems or methodologies, not a system or a methodology.
Broker: Interactive Brokers & Taiwan local brokers & AMP Futures
Trading: Stocks, Commodity & Index Futures
Posts: 117 since Jan 2017
Thanks Given: 135
Thanks Received: 100
I think my argument is logically, Ozquant absolutely can oppose me, but he should provide his argument, not just said "word salad", it is not a constructive criticism would make his statement more robust.
I really feel not good when I realize what the meaning of "word salad".
And I was talking about Holy Grail base on the definition from OP, Ozquant really have not read carefully twice or thrice, so I reasonably infer he has dyslexia, since he is an Australian, English is his mother language, and not mine.
And I will remind myself in futures no personal remarks.
When @Ozquant called your post "word salad," it meant that the words were just tossed together like a salad and had no meaning, which is rude. So he was cautioned about making personal remarks. This is against forum policy.
When you told him that "You need to deal with your dyslexia," which means that he is unable to understand what you wrote, that is rude, and you were cautioned about making personal remarks. This is also against forum policy
If you respond to someone else's remarks, even rude ones, in a way that is rude, that is not acceptable either.
If you feel that someone has spoken inappropriately to you in the forum, please use the Report Post feature in the dropdown from his username on the left of the post, or the octagonal icon in the upper right corner of the post, to report it to the moderators. If you reply with another personal remark of your own, then you will have added to the problem. Don't take it upon yourself to correct the other person. Let the moderators regulate the conduct of the forum.
Thanks.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Sure there is no " perfect " system only ones close to it . Jim Simons is the man behind this , he is the " God" of trading . His record will in all probability never be beaten . He trades ALL market regimes efficiently and profitably with record returns over record consecutive years of positive returns . It's truly spectacular if you ever bother to go find his story . He is a humble and anti limelight type of person . This is why no-one seems to know about him . He is the bar against what others are judged and no-one gets close to the lofty heights of performance this man achieves . He HAS the " Holy Grail " Of thats there is zero doubt
Flame away , i've said my piece and i will be on my way
Before you make Simons a "God", please remember
1) He didn't do it on his own, he had a team
2) His 2 other funds that are open to the public haven't done as well
The conclusions from this is:
1) If you have a "Holy Grail" don't share it.
2) Whatever you are sharing is not a "Holy Grail".
What they said of the performance of their public funds is also hilarious making them a lot less Godlike and more human:
The Medallion investor told Institutional Investor that RIEF’s subpar performance last year shouldn’t come as a surprise. “It has a 6-month to one-year holding time and it uses factor-based risk models to hedge risk,” he said. “There is nothing wrong with the models. it’s just the world is wrong.”
Try telling that to your broker.
...are perfect for a forum like this; since it's guaranteed to
generate a bunch of "word salad".
To a completely imprecise question, or concept; there cannot
be anything but vague and speculative answers.
Yeah, it generates a lot of noise; most of which is ultimately
not very useful.
I believe there are "Holy Grails" in very specific "trading niches"
and that there can in specific situations be a very meaningful
discussion about what is or is not possible.
Just sayin... No offense meant to anyone, since even though
ideas may be imprecise, and not really thought through, they
can yet catch someone's attention and get them to think
more deeply about the general idea...
In philosophy, even in areas like metaphysics; it's really important
to try and define some terms...
[EDIT] For example, if the question were "Is it possible to guarantee profits every day?"
then there could be discussion of how such an outcome might be probable; given some
constraints. That would be a "mini Holy Grail - like" concept I'd be interested to pursue.
OK, so suppose you had such a limited, "mini" guaranteed profit-making thing, call it what you will.
If you just take that as the meaning, then what would you do with it?
- Trade it and be rich?
- Show everyone else how to do it so they can be rich too?
- Sell it and give up the riches from trading in exchange for the sales income? (The third choice sort of makes one think that the miraculous system is snake oil, sold by a vendor because he doesn't have anything he can trade himself. Which is part of the discussion too.)
The questions of the thread have to do with what you or anyone would do with any real whiz-bang system, whatever you call it.
Sure, the phrase "Holy Grail" is pretty ambiguous. But I know what my answer would be, without a shred of hesitation: I would trade it and let you guys find your own. ( ) I'm not really into giving money away, and if it works, I'm not selling it either.
You could also say, as many have already, that there is no perfect system, and that you don't need perfection to do OK in the markets anyway. I think this is closer to reality, at least for most of us.
But I don't think there's really any one answer. It's just a way to focus on different ways to think about trading. And it has generated a lot of discussion, although not necessarily agreement, which is all to the good.
-------------------------
Incidentally, if anyone isn't familiar with where in the world such a strange phrase came from, it's a combination of a number of medieval legends and stories, some connected with the knights of King Arthur and quests they went on (no, I'm not joking). For some background, see this article: https://en.wikipedia.org/wiki/Holy_Grail. A quote: "The term "holy grail" is often used to denote an elusive object or goal that is sought after for its great significance."
It's kind of mythological then, as is the perfect trading system....
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Bob, I fully agree with you about everything you said. You've
consistently been a great moderator; and that's appreciated !!
So, in answer to your question ...
...I've said before that if I had such a system I'd try at least
to disclose the essential elements of such a system; because
I don't see the Retail Traders who would implement such a
system, having any impact on others' profit potential.
OK, you might say that IF everybody did it, on a Large Scale
that Market Maker might get Wise to it... But that ain't gonna
happen, in my estimation.
I don't subscribe to the notion that "good things" should be
kept secret. The problem in Trading Technology; is that the
implementation is very critical; so you can tell people all of your
"secrets" but nobody can/will implement them; so where's the
Danger in Disclosure.
(I'm also an advocate of Extraterrestial Disclosures... but that's
taking us not only "off topic" but "off Planet" LOL)
Quoting myself; let's say I uploaded my entire codebase
to GitHub and said to all the NinjaTrader 8 traders in the
world: "There is it; have at it" ...
A handful might try to compile and start plinking with the
system; but the Support load would generate hundreds
of questions, which would overwhelm me...
What Benefit have I generated by *Giving Away* the codebase?
A handful of Traders with NT8 who can code; would in most
cases, not even be able to understand the code...
Not braggin' here; but it's that complex... and a huge infrastructure
possibly involving Selling it or having Donations to offset the
Support time, etc. would be required. This would be
impractical for me personally...
I think this is probably right. I also think that, just as Richard Dennis said he could publish his system in the Wall Street Journal and no one would follow it, if you have something good and publish it, it's really not going to get used all that much, in a completely identical and literal sense, by many (or even any) others. Why? because people want to fiddle with things, and do.
I think we can learn something, and hopefully we do at times, from someone else's efforts, and that's enough for me. If someone else learns something, that's fine too.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
