You've seen it over and over again: "there is no holy grail in trading".
As a newbie, it's hard to accept what other, more experienced traders, says. You just have to see for yourself. Nothing wrong in that. I know I had to travel that road
But what if we discuss this with a sort of semiscientific angle? Maybe that'll prevent some newbies from losing money. I will present a couple of alternatives. Please feel free to add, remove and comment.
One perfect system
Ok, what if a "perfect system" actually existed? What would happen? Wouldn't, first of all, all the big players use it? And I am convinced that, eventually, that the small players (us) would get access to that system. Would there still be so many "there is no holy grail" statements in the forums? All the time?
And this: Can the market function if all traders use the same system?
Several perfect systems
I've got only one argument/question here. If there are several "holy grails" out there, why do 95% of all new traders fail? Got to admit, though, that I haven't verified the 95% figure...
No perfect system yet discovered
Do you really think that someone in our small player community would discover the holy grail? I mean, the big players have got a bunch of people, skilled in trading, mathematics and statistics, working full time to refine and develop their trading systems.
Additional comments
Maybe something like this has been posted and discussed before, but when I searched the forums for "holy grail", I got so many hits and I haven't got the time to read them all. But that doesn't matter, I think. It can't be repeated too many times.
Regards,
beam
As a newbie, it's hard to accept what other, more experienced traders, says. You just have to see for yourself. Nothing wrong in that. I know I had to travel that road
But what if we discuss this with a sort of semiscientific angle? Maybe that'll prevent some newbies from losing money. I will present a couple of alternatives. Please feel free to add, remove and comment.
One perfect system
Ok, what if a "perfect system" actually existed? What would happen? Wouldn't, first of all, all the big players use it? And I am convinced that, eventually, that the small players (us) would get access to that system. Would there still be so many "there is no holy grail" statements in the forums? All the time?
And this: Can the market function if all traders use the same system?
Several perfect systems
I've got only one argument/question here. If there are several "holy grails" out there, why do 95% of all new traders fail? Got to admit, though, that I haven't verified the 95% figure...
No perfect system yet discovered
Do you really think that someone in our small player community would discover the holy grail? I mean, the big players have got a bunch of people, skilled in trading, mathematics and statistics, working full time to refine and develop their trading systems.
Additional comments
Maybe something like this has been posted and discussed before, but when I searched the forums for "holy grail", I got so many hits and I haven't got the time to read them all. But that doesn't matter, I think. It can't be repeated too many times.
Regards,
beam