Holy Grail Discovered

bbmac

Veteren member
3,584 788
Thanks to Joe for providing the almost ubiquitous Weekend Lulzy thread...speaking of repeating patterns here at T2W - I'd be long on that one !

It seems almost impertinent to make a sensible contribution / post to this type of thread but here goes - if only as an offering to the god of Lulz and to debunk some dangerous assertions to any newbies that read your nonsense .....Making what you think is a discovery is great - and I hope it works for you but one thing is undisputable - you probably don't have anywhere near sufficient empirical data to suggest that whatever it is you have 'discovered' will provide an edge over the long term ...let alone any useful large sample size metrics about the edge that will give you the best chance of trading it optimally. So when you trade it - you will still be gambling - particularly as you leverage the way you do, ( '...so large positions can be taken as a result....') Now it may be that you are genuinely convinced that you have found an edge and you may have done - but until it stands up to rigours of empirical evidence you probably have not.

You started the thread by saying in your 1st post '...After suffering a major gambling loss a couple of days ago resulting in an account contraction of 56%...' and this sums up the nature of your trading and your discovery - You almost certainly gambling not trading, particularly when you go on to suggest that a consistent circa +10% a/c growth per day is achievable ( '...assuming roughly a 10% account growth a day....' )

You further say in that first post

'...For people who say there is no holy grail in the market, you are wrong....' To be fair - you are right, they are wrong - but not for the reasons you think. If a trading holy grail exists - it is in accepting that the best you can achieve is to obtain an edge (understand what one is and is not,) ...prove the edge in all market conditions and instruments you intend to trade over a large sample size (s) and acquire the psychological skillset to actually trade it profitably and consistently for long term gains, with money and risk management optimised to it and your given tolerances such that it provides for the unforeseen, and does not leave you destabilised by the inevitable losing trade/sequence/unforeseen event (s) you may and almost probably will encounter at some point trading it.

'...For people who say there is no usable pattern in the market, you are also wrong....' I agree but the caveat is discussed above...a usable pattern on it's own - is not a edge.

Fun though these threads are, it is important also to give the other side - the intelligent side, the serious side.

You don't understand what an edge is, and I doubt that you have one and I know you haven't had one because no one ' gets off a winning horse ' to do something as you have described. If one had an edge and one had learned to trade it consistently profitably I doubt very much that one if sane would abandon it in favour of something as flaky as this unless of course they weren't sane ?

Also, why do you feel the need to prove it all the time ? - no one cares ! If you are not going to share it - why prove it ? - it does no one any good....are you so insecure that you need others to know what you are doing or their validictions ? It doesn't matter what others think - it matters what you think and how your P&L is doing. That's it.

G/L
 
  • Like
Reactions: timsk and WR1

BeginnerJoe

Senior member
3,329 350
Hope you didn't do the remainder of your wad...revenge trading on the jappy :LOL: Lulz.

I think you rather hope I did. But no I didn't. I am in something else, something that has the momentum of a damp squid.
 

NVP

Legendary member
37,785 2,109
After suffering a major gambling loss a couple of days ago resulting in an account contraction of 56%, the experience propelled me, as my gut suspected it would, to make probably the greatest discovery of my life, that of finding the holy grail in trading. I have had the grail for some time and didn't think much of it until it suddenly made sense when I was thinking about my gambling loss. I made 10% account growth or whatever it was yesterday using the grail. Today I set to repeat the feat and here was my actual schedule:

The holy grail is of extreme high probability in nature based on momentum. So large positions can be taken as a result. The grail is suitable for all market conditions, all directions, and all instruments.

For people who say there is no holy grail in the market, you are wrong.
For people who say there is no usable pattern in the market, you are also wrong.
Will I reveal the the holy grail ? No way bud, use your own head.

0.5%, here I come !


Fantastic that you have found the Grail like we did ...enjoy it ! :smart:

love from all the Gang here at LTCM
 
  • Like
Reactions: c6ackp

BeginnerJoe

Senior member
3,329 350
Phew, what a day that was. The holy grail faced adversity and came out ahead. The recoverability of the grail was impressive to say the least.

I started off diving into the market without looking on Sunday open paying the huge weekend spread, 6 hours later I had a 6.7% account contraction loser. Then, out of impatience I got into another trade that barely met a holy grail signal. Needless to say that too was a looser. 5 hours in, I was hit for 12.3% account contraction. On both trades, I held on despite very early signals to get out.

Having rethought what had happened I concluded I really aught to use the grail properly. Ahead of my today's sporting hour, I recovered fully my first loser with a winner. Upon returning from sports, I recovered fully from my second loser with another winner plus a little extra. Currently the account is sitting on 0.8% growth for the day.

Both winning trades took barely a fraction of the time to conclude compared to the time involved for the losers. The characteristic difference between the winners and losers is abundantly clear.

As the day is not yet over, let's see if I can make my 10% daily growth target. Patience is key, and lulz a requirement.
 

Vasco da Banana

Established member
699 121
Phew, what a day that was. The holy grail faced adversity and came out ahead. The recoverability of the grail was impressive to say the least.

I started off diving into the market without looking on Sunday open paying the huge weekend spread, 6 hours later I had a 6.7% account contraction loser. Then, out of impatience I got into another trade that barely met a holy grail signal. Needless to say that too was a looser. 5 hours in, I was hit for 12.3% account contraction. On both trades, I held on despite very early signals to get out.

Having rethought what had happened I concluded I really aught to use the grail properly. Ahead of my today's sporting hour, I recovered fully my first loser with a winner. Upon returning from sports, I recovered fully from my second loser with another winner plus a little extra. Currently the account is sitting on 0.8% growth for the day.

Both winning trades took barely a fraction of the time to conclude compared to the time involved for the losers. The characteristic difference between the winners and losers is abundantly clear.

As the day is not yet over, let's see if I can make my 10% daily growth target. Patience is key, and lulz a requirement.

You've certainly got the lulz covered, but the HG looks like a dud already if it can potentially wipe you out in a few days.
 

trendie

Legendary member
6,879 1,430
You've certainly got the lulz covered, but the HG looks like a dud already if it can potentially wipe you out in a few days.

I read it as the first trade was a HG loser, and the second trade was "barely" an HG signal.
If BJ hadnt taken the second trade, which wasnt a HG signal, he wouldnt have taken 12% or so of a loss.
The aggregate end of day situation would have been around a 13% gain.

This guy has the HG, but still takes non-HG signals. :rolleyes:

Of course, although he took a 5% loss on the first trade, he doesnt indicate its MAE, which would be interesting to know.
 
  • Like
Reactions: Lord Flasheart

timsk

Legendary member
7,611 2,383
This guy has the HG, but still takes non-HG signals. :rolleyes:
:LOL:
Ironically, now that BJ has got the HG, there's an even greater probability of him blowing up than there was before he acquired it. He'll be more inclined to take ever greater risks, believing that he can recover from any loss and increase his account size 10%+ day after day. Mind how you go BJ, as your shiny new HG could quickly lose (note spelling) its sparkle and be the cause of your downfall.
Tim.
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock