CAVAET: PLEASE NOTE THAT THE CHARTS DO NOT REPRESENT AN INVITATION OR RECOMMENDATION TO BUY OR SELL ANY SECURITIES OR STOCKS. THEY ARE NOT TO BE TAKEN AS “INVESTMENT ADVICE”. THEY ARE PURELY AND STRICTLY FOR MY PERSONAL USE AND STUDY ONLY. NEITHER THE AUTHOR NOR ANYONE ELSE INVOLVED IN THIS BLOG WILL BE LIABLE FOR ANY LOSS, DAMAGE OR LIABILITY DIRECTLY OR INDIRECTLY CAUSED BY THE USAGE OF ANY MATERIAL(S) IN THIS BLOG. TRADE AT YOUR OWN RISK.
Tuesday, 6 September 2011
THERE'S NO HOLY GRAIL IN TRADING
Spent the whole afternoon trying to create a system for very short term trades and I think I finally understand what they mean when they say there is no HOLY GRAIL in trading. In a specified period of time, say one year, no indicator or system can be applied successfully or profitably to all stocks. Individual stocks behave differently in the period of time and thus affect the profitably of a system. So think carefully the next time someone shows you his indicator or system made a profitable trade on a certain date. It may be profitable on that particular trade only.
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