What is the Holy Grail to you?

[Maxwell]

"The Holy Grail"

Most of use have our own definition of the holy grail in trading. Whether it is a strategy, indicator, or system, the holy grail is the key to successful trading. Im curious to know the various answers to this question.

To me its having discpline. Anyone else have an opinion?

[Piptrader]

	Quote:	Maxwell
	"The Holy Grail" Most of use have our own definition of the holy grail in trading. Whether it is a strategy, indicator, or system, the holy grail is the key to successful trading. Im curious to know the various answers to this question. To me its having discpline. Anyone else have an opinion?

Discipline is also number one on my list. That and consistency. Its too bad so many traders go looking for a magical indicator that will make them money. A perfect system can be handed to a trader with no discipline and he will lose money.

[Ron]

Add money management to that as well

Using stops, having an entry and exit strategy.

[Daniel]

Having a daily trading plan and sticking with it! How many traders break their own rules everyday? 95% of them do.

[stocktrader]

BRCM is the Holy Grail to me

[tradergap]

The opening gap is the holy grail.

[carter]

Learning to control risk. This is the only way you can possibly profit from trading.

[ezduzzit]

Hmm.. lots of good rules to trade by here. I guess I would say it is your own personal commitment and willingness to do whatever it takes to maintain your edge, as long as your actions remain consistent with limiting your risk and thus preserving your capital to trade.

Happy Trading

[Follow The Trend]

The Holy Grail for me is that moment when you KNOW that a company is about to turn the corner, and you have spotted the change in trend before the masses (and completed your investment).

There is no better feeling than being in front of the herd, riding the momentum, and watching the sheep follow. Then the trick is knowing when to jump off and take a profit............never easy.

[ezduzzit]

Well said FTT.. when you are not the lead dog the view never changes and it is an unpleasant one at that! Isn't it interesting that some traders absolutely obsess over entry points while others, who are equally as successful absolutely swear that it is exits that are the key, not entries. I guess that is all part of what makes trading so rewarding when you hit it right consistently.

Happy Trading