Does the Holy Grail to Trading Exist?

I got this from my mailbox...

I throw away WMA >  the last of the 'Mohicans'

Now only candle, lines,and volume

We will see if that a good decision...

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Does the Holy Grail to Trading Exist?  

The short answer to this question obviously is NO.

The medium term answer is MAYBE.

The long term answer is YES it does!

This goes back to the biblical example of the soils ... in this parable only one type of soil produced the proper the bountiful abundance. 

All other soil failed.

In our example of the Holy Grail, if you place a short term view to your trading, then you will burn out on the first obstacle that is thrown into your path.

If you place a medium term view to trading, then you have a better chance of success, but still will fail more than win.

So this leaves us with the Long Term view to trading, and the one that produces the abundance so many traders are searching for ...

We talk about Discipline, Patience, and Self Control as key attributes to a successful trading future, but it definitely takes more than that.

When things are not going your way, taking a break could be an answer to the traders dilemna.

Another is to go back to the simulator and work on your entries and exits without the pressure of a real money account.

With all this being said, the long term answer to becoming a successful trader is to throw out all the bad stuff, and replace it with good.

Your good soil will produce the abundance that so many search for, but never seem to obtain.

You will have setbacks, drawbacks, and drawdowns on your account.

You will question your strategy when things are not going the way you thought they would. 

You will wonder what am I doing wrong ... over and over you will place doubt in your trading ability, if you let this trait takeover.

I believe by having a positive attitude through all things you can work your way through most problems.

No this doesn't mean to blow out your account no matter how small it is ... you need to take time to rest.

Never feel pressured to trade for a living.  If you feel pressure, then this will set off all kinds of bad things or the soil that you are not grounded on properly.

To obtain the bountiful harvest that you are looking for then study, test, and test some more.

Do not allow outside influences to lead you astray.  Stick to your trading method that you have statisically proved to yourself that it will work.

If you stop the insanity of taking on bad trades, and trading just to take on a trade, then I believe with all my heart, you can become a disciplined, patient, self-controlled trader that will WIN more than lose.

Is trading easy?  No, if it was then everyone would do it.  This is the toughest job/career that you will ever pursue as a trader.  You are trading against the best minds in the world.

If you can in the end find an edge that statisically wins more than loses, then you will become the casino, and start taking other people's money instead of them taking your money.

- Tiger Knight