Re: The final Holy Grail! Quote:
Originally Posted by medbs I will not.
Just to let the fellow traders know that the Holy Grail does exist, that's all. |
Not trying to p*ss on your parade but it matters little whether the holy grail exists or not. All that matters is how much you win when you are right and how much you lose when you are wrong.
Not in R:R, or ticks or pips or percentage. In actual currency.
Since you trade without stops, it will no doubt mean that you have to leave huge amounts in margin in order to do this - in which case you will win all the time but unfortunately never make a killing.
There will also be extended periods where the market is going sideways or against you meaning you miss lots of opportunities for quicker profit that you can't take because your margin is tied up.
I sat with a guy that hadn't had a losing day in 3 years. It was a remarkable streak and yet every other trader at the firm thought of him simply as a "good, consistent trader".
He, in turn, sat next to a guy that was considered one of the best traders that ever graced the firm. We were all in awe of him. Literally people would whisper and stare as he walked past. He made so much money, the other guys 100% streak looked like peanuts. And yes, he took losers like the rest. Day in, day out.
I'll leave you to work out the moral of this story...
Last edited by trader_dante; May 4, 2010 at 12:11pm.
|