1.17.2011
Trading and the Holy Grail.
Posted by
Intentional Billy
at
3:46 AM
We all have the Holy Grail to beat this market game if we put in the hard work, study constantly, journal and tap in to what's between the ears. There was a gentleman in our trade room this week that was taking our trial and ,I discovered later, watching 2 other webinars at the same time. We try to be honest with our potential clients and and let them know there is no trading system Holy grail; only hard work, screen time, study, discipline and sticking to a method through thick and thin. And we think we have a good one and a good educator to go along with it. He was frustrated and wanted to know why if psychology was the key element, couldn't we just program a system that takes that out? :) Agh, the age old question and one that may never be answered. It probably takes MORE psychological willpower to trade an automated strategy as you see the drawdowns happen; pull the plul; only then to see it recover. I wish him well, but feel he is probably on the system hopping, indicator-hopping, room-hopping spiral so many traders get into. I sign up for a trial to this awesome room! Everything looks great. I follow along and decide I don't need to sim and take some live trades. Woah, i made some money! On the third day, the markets are flat, but I want to trade anyway and my account gets hammered. This room is awful! i need to find one that works. You get the point and potentially it has been you? I am here to say you must find a rule set you are comfortable with and trade that rule set each day with discipline. review your day and try to improve. this is the Holy Grail. Hard Work! Losses will occur no matter who you are , who you follow and what your method is. you have to accept that and move. If you are still searching, I hope you will give us a try. Thanks, intentional billy
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