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Trading tips no 4: mechanical assay the holy grail syndrome - investing


Everyone knows that the Holy Grail of investing and trading is a myth. Decision a good mechanical breakdown tool that will give you a trading classification that wins all the time is called the holy grail of trading. This means that one would never have a behind trade, not to declare consecutive behind trades, never have an evenhandedness curve drawdown, and after five appealing trades in a row will just keep on delivering appealing trades forever! There is austerely no expert assay or arrangement that wins on every trade.

Then why do most down traders act as if there is or must be a trading arrangement holy grail? You know the symptoms. When making an allowance for a new classification to trade, bringing up the rear traders will only be concerned about those that have had a bright captivating background for the prior month or quarter. They will jump from one approach to a further looking for the most recent “hot” system, casual up or abandoning good systems that have had a good long-term best ever of attainment cleanly since they may have lost on the last three, four, or five trades. A good classification can and will have five trash in a row. Likewise, a bad arrangement can and will have five winners in a row. Therefore, selecting a trading approach based on its most fresh short-term best is a loser’s game - it’s the loser looking for the next approach with a “holy grail” mentality.

Winners, on the other hand, know how to use good mechanical breakdown that will appropriately evaluate a trading coordination to agree on if it is good or not. Once they have found a good coordination and a mechanical chemical analysis tool that delivers advanced takings consistently over a long age of time (years), they stick with it. Even after they have had five behind trades in a row, they stick with it. As they know while the Holy Grail does not exist, a good coordination will adhere to those down trades with winners that more than offset the rabble and carry advanced returns.

Think like a winner.

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