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The only thing I have found during my searches and meeting some really
great traders and some really and ones is that there is a Holy Grail. AD
IT IS......
The Holy Grail is KNOW THYSELF.
Trading methods will only work for you if they suit you. Self
Understanding of your strengths and weaknesses and what you can and can't
do is the key to long run survival and profitability. If you are Tech Head
use Systems and your skills there to create a system (or modify an existing
system) that you can trade. If you are a mystic use the stars or Gann.
What works for me may not work for you.
David Hunt
http://adest.com.au
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| From: Jwtrader <Jwtrader@xxxxxxx>
| To: Omega-list@xxxxxxxxxx
| Cc: cerrone@xxxxxxxxxxxxxxxx
| Subject: Re: holy grail or nearly holy grail do exist ???
| Date: Saturday, March 28, 1998 12:15 PM
|
| Jim Wong wrote:
|
| > I think the holy grail or nearly holy grail do exist, but it's
| >not available to the public nor sold. There are many reasons why, but
| >one that I can think of is that such system cannot be allowed to be
traded by
| >the majority of the people- it would defeat itself.
|
|
|
| >Subj: RE: holy grail or nearly holy grail do exist ???
| >Date: 98-03-27 16:58:37 EST
| >From: cerrone@xxxxxxxxxxxxxxxx (Franklin A. Cerrone)
| >To: Jwtrader@xxxxxxx (Jwtrader), Omega-list@xxxxxxxxxx
|
| >Jim, You see I've got this
| >bridge.................................................
|
|
| Frank, I know which invisible bridge you are referring to and have
been
| offered to me many times in the past, but I must once again respectfully
| decline your offer as well. You are absolutely right about the holy
grail 98%
| of the time and is an advice best heeded by everyone. It's this same
attitude
| that have kept me poor for many, many years. When I put 3 ??? behind the
word
| exist, it was done intentionally to be ambitquious. You see, I have seen
this
| nearly holy grail system for stocks. No, No. I have not been drinking,
did
| not mix-up luck with genius, and I have seen many bulls and bear markets.
| This is what I know of this individual's holy grail:
|
| 1) Not avail publicly and not sold.
| 2) For stocks only.
| 3) It has only 3 simple rules.
| 4) it's immune to tempering by me. ( I am very good at taking a
simple
| good idea,
| add a zillion rules to it and practically destroy it. TS Editor
| allows me to
| accomplish this even faster )
| 5) It's not programmed nor written down, as there's no need to,
since
| it's so
| rediculiously simple.
| 6) it needs about 1 hour a week to select stocks.
| 7) Trading time frame is from 1 day to max. 5 weeks.
| 8) It's about 90- 95% accurate. I have seem returns of 0 to 76%(
5
| days on this
| one) on all profitable trades , double that on margin.
| 9) Entry and exit rule are very clear and precise. However,a
little
| discretion
| may be applied, though not neccessary.
|
| All of this sounds crazy and rediculous, doesn't it ? That's what I
| thought, too.
| If it was that simple, everybody would be doing it. I thought if there's
| anything that good it would probably come from some super duper research
lab
| with their vast resources of multi-million super computers and a pool of
| brains of the best minds. I mean if this individual could get it to 100%
he
| would eventually own the Exchange !!!
| The story I just told you is true. The fact that I have not made it
| financially is also true. So what's the problem, you ask ??? Here it
is: IF
| A SYSTEM WILL MAKE YOU RICH AND YOU DON"T USE IT, IT WILL NOT MAKE YOU
RICH
| !!!! There might be another obstacle- GOD. This might sound very
strange
| coming from a person who are more a scientist and an electronic whiz,
with a
| degree in financial management. But then even Albert Einstein declared
that
| there is prefect order in the Universe when he said God did not play dice
with
| the Universe. I think he also said the closer we come to the truth, the
| closer we come to face God. Sir Issac Newton curved the spiral galaxy on
his
| head board.
| I am telling you all this not meant to brag, as I am not selling
| anything, nor torture you as I have no desire to do so. I am telling you
this
| because this is the same wish I had for myself, which is for someone to
tell
| me "YES, it is possible to beat the market consistently and here is the
proof
| " . I would not ask nor expect him to tell me his secret, just tell me
that
| it is possible so I would have the strength to go on. Many times in my
28
| yrs. of trading I wanted to give up, because I just don't believe that
anybody
| could forecast the market with any consistency. Well, i think I might be
| wrong.
|
| " If I can't take it with me, then I ain't going !!! "
|
| Happy trading,
| Jim Wong
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