Is there a Holy Grail of Trading?

In the following paragraphs I’ll attempt to answer this question honestly. What you find may suprise you.

The very fact of the matter is; success with this “trading lark” is 90% determined by the mindset you’re in when you approach it. The techniques of trading you utilize account for possibly the other 10%. I use these figures loosely. There’s no question that you’ll require a great “system” of indicators and trading rules before you begin however the final test, once you’ve chosen your methodology, is how closely, as a free thinking individual with all the abilities and failings of human nature, you have the ability to stay with it.

You will find barrels of books, manuals, courses etc available which will educate you on a system/strategy to win in the trading game. Some are outstanding, some not too outstanding, none are unique and none are a magic button or holy grail to trading success. All of them use a variety of combinations of well known trading rules and techniques, which can be found totally free by browsing the web.

My personal system/strategy utilizes a mixture of Candlestick Charting, Stochastics and Pivot Points. I did not invent pivot points or stochastics and i’m far too young to have invented Candlestick analysis. The way in which I’ve put them together may not be exclusive either. Nevertheless, the way in which I approach my trading is exclusive to me and how you’ll approach your trading is going to be unique to you personally.

It is how we are able to command our emotions of fear and greed and to coldly close out a losing trade, or even a winning one for that matter, when our pre-arranged stop or goal has been reached as well as to avoid placing a trade when we know deep inside our procedures are telling us there isn’t any trade available, that decides how successful we are as a trader.

My system/strategy on its own if utilised in a virtually “robotic” way is between 80% and 90% correct. My accuracy rate runs between 0% and 90% dependent upon my mindset while i am trading! (fortunately it averages in the top end of the range for the majority of of the time).

The result of all this is that, contrary to everyday opinion, there exists a “Holy Grail” of trading but it’s not to be found in any of the trading tools, software, books or manuals available on the market. It’s totally free and you have already found it!

The truth is that i’m a skilled trader so when I’m on form I’m a rather profitable trader. The bad trades which i make plus the losing runs I have aren’t down to the system I use. They rest directly with me and how I approached the trades.

I’m hoping this helps some of you that are still hovering around the edge of joining the trading game. If it’s put you off, great, you’ve saved yourself a lot of money – if it’s helped you choose to start, excellent, welcome to among the two finest vehicles to financial freedom that exists and I’ll see you on the QM2 perhaps.