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This means that one would never have a losing trade, not to mention consecutive losing trades, never have an equity curve drawdown, and after five winning trades in a row will just keep on delivering winning trades forever! There is simply no technical analysis or system that wins on every trade. Then why do most losing traders act as if there is or should be a trading system holy grail? Article: Everyone knows that the Holy Grail of investing and trading is a myth. Finding a good technical game theory tool that will give you a trading system that wins all the time is named the holy grail of trading. This means that one would never have a losing trade, not to mention consecutive losing trades, never have an equity curve drawdown, and congruent with five winning trades in a row will just keep on delivering winning trades forever! There is simply no technical severance or system that wins on every trade. Then why do most losing traders act as if there is or should be a trading system holy grail? You know the symptoms. When considering a new system to trade, losing traders will only consider those that have had a strong winning record for the prior month or quarter. They will jump from one system to fresh looking for the latest “hot” system, passing up or abandoning good systems that have had a good long-term record of stunt simply in that they may have lost on the last three, four, or five trades. A good system can and will have five losers in a row. Likewise, a bad system can and will have five winners in a row. Therefore, selecting a trading system based on its most recent short-term record is a loser’s game - it’s the loser looking for the next system with a “holy grail” mentality. Winners, on the other hand, know how to use good technical hypothesis and verification that will properly evaluate a trading system to determine if it is good or not. Once they have found a good system and a technical matrix algebra tool that delivers superior returns consistently over a long period of time (years), they stick with it. Even ensuing they have had five losing trades in a row, they stick with it. cause they know while the Holy Grail does not exist, a good system will follow those losing trades with winners that more than offset the losers and deliver superior returns. Think like a winner. The MasterTrader eBook. - Your complete guide to active trading/day trading. Learn proven strategies and make money consistently! The Way To Trade. - A breakthrough approach to trading in any market (world beating affiliate program) Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |
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