Trading Tips No 4: Technical Analysis The Holy Grail Syndrome

Everyone knows that the Holy Grail of investing and trading is a myth. Finding a good technical analysis tool that will give you a trading system that wins all the time is called the holy grail of trading. This means that one would never have a losing trade, not to mention consecutive losing trades, never have an equity curve drawdown, and after five winning trades in a row will just keep on delivering winning trades forever! There is simply no technical analysis or system that wins on every trade.

Then why do most losing traders act as if there is or should be a trading system holy grail? You know the symptoms. When considering a new system to trade, losing traders will only consider those that have had a strong winning record for the prior month or quarter. They will jump from one system to another looking for the latest “hot” system, passing up or abandoning good systems that have had a good long-term record of accomplishment simply because they may have lost on the last three, four, or five trades. A good system can and will have five losers in a row. Likewise, a bad system can and will have five winners in a row. Therefore, selecting a trading system based on its most recent short-term record is a loser’s game - it’s the loser looking for the next system with a “holy grail” mentality.

Winners, on the other hand, know how to use good technical analysis that will properly evaluate a trading system to determine if it is good or not. Once they have found a good system and a technical analysis tool that delivers superior returns consistently over a long period of time (years), they stick with it. Even after they have had five losing trades in a row, they stick with it. Because they know while the Holy Grail does not exist, a good system will follow those losing trades with winners that more than offset the losers and deliver superior returns.

Think like a winner.

If you would like to learn more about technical analysis and you have a computer and a burning desire to seize success, then you have what it takes to personally unearth Bill’s Astonishing, step by step trading secrets ... BUT ONLY FOR A LIMITED TIME. http://www.instantprofitstoday.org

---

Google News Updated : Sun, 20 Jul 2008 00:45:55 GMT Panel Finds Misconduct By Fusion Researcher - Washington Post Los Angeles Times Panel Finds Misconduct By Fusion Researcher Washington Post - 18 hours ago INDIANAPOLIS -- A Purdue University panel has found two instances of misconduct by a researcher who says he produced nuclear fusion in tabletop experiments. Purdue physicist found guilty of misconduct Los Angeles Times Details of what Purdue's investigation found Journal and Courier Chicago Tribune - RedOrbit - Newsweek all 157 news articles Publ.Date : Sat, 19 Jul 2008 05:47:31 GMT Growth ahead for more diversified game industry - Reuters Telegraph.co.uk Growth ahead for more diversified game industry Reuters - Jul 18, 2008 By Kiyoshi Takenaka - Analysis LOS ANGELES (Reuters) - The video game industry looks set for at least another year or two of strong growth, driven by geographical expansion, a strong hardware lineup and growing pool of casual gamers, ... Nintendo Wii Tops for Console Sales in June DailyTech Sony's press conference at E3 was a dazzling hi-tech showcase BBC News Shacknews - X-bit Labs - New York Times - Wired News all 1,145 news articles Publ.Date : Fri, 18 Jul 2008 12:07:32 GMT McCain Co-Chairman, Under Fire, Steps Aside - New York Times ABC News McCain Co-Chairman, Under Fire, Steps Aside New York Times - 9 hours ago Carolyn Kaster/AP At a town-hall-style meeting Friday on energy, John McCain found himself questioned instead on his wartime positions. McCain Takes on the 'Cable Monster' and an 'Extreme' Obama Washington Post Gramm Out as McCain Co-Chair; Obama Reacts FOXNews The Associated Press - Dallas Morning News - Reuters - Boston Globe all 947 news articles Publ.Date : Sat, 19 Jul 2008 14:45:59 GMT US banks ask SEC to expand stock trade protection - Reuters Wall Street Journal US banks ask SEC to expand stock trade protection Reuters - 7 hours ago By John Poirier WASHINGTON (Reuters) - An emergency move by US securities regulators this week aimed at curbing manipulative short-selling in some major financial firms should be expanded to all publicly traded banks, or it could erode confidence in ... SEC Short-Sale Rule Gets Negative Reviews Wall Street Journal SEC Spares Market Makers From `Naked-Short' Sales Ban (Update1) Bloomberg Forbes - MarketWatch - Taipei Times - New York Times all 582 news articles Publ.Date : Sat, 19 Jul 2008 17:02:49 GMT What's the best Oscar strategy for Heath Ledger in 'The Dark Knight'? - Los Angeles Times Times Online What's the best Oscar strategy for Heath Ledger in 'The Dark Knight'? Los Angeles Times - 1 hour ago That's a tricky Oscar question. On one hand you might think Heath Ledger should go supporting because, technically speaking, "The Dark Knight" is a film about Batman. Heath is where the heart is The Observer 'Dark Knight' sets box office record with $66.4M The Associated Press YourHub.com - New York Daily News - Chicago Tribune - OpEdNews all 3,291 news articles Publ.Date : Sat, 19 Jul 2008 23:18:18 GMT Venture Funding Drops for Youngest Companies As Older Ones Suck Up ... - New York Times Boston Globe Venture Funding Drops for Youngest Companies As Older Ones Suck Up ... New York Times - 1 hour ago By Abha Bhattarai In an ominous sign for Silicon Valley’s entrepreneurial machine, venture capital firms are cutting back on their investments in companies at their earliest stage of development and being forced to provide extra funding for later-stage ... VC Deals In Charts (Q2 2008)?Exits? We Don't Need No Stinkin' Exits? Washington Post Venture investments in state total $77.6 million so far in '08 Detroit Free Press CNET News - The Associated Press - MarketWatch - RTT News all 195 news articles Publ.Date : Sat, 19 Jul 2008 22:54:52 GMT Aybar's triple caps Halos' rally over Sox - MLB.com Canoe.ca Aybar's triple caps Halos' rally over Sox MLB.com - 1 hour ago By Rhett Bollinger / MLB.com ANAHEIM -- Pinch-hitter Erick Aybar hit a three-run triple in the seventh inning, Vladimir Guerrero blasted a solo home run and left-hander Joe Saunders pitched 6 2/3 strong innings to lift the Angels to a 4-2 win over the ... Aybar's three-run triple sends streaking Halos over BoSox Sports Network Aybar's bases-clearing triple sparks Angels The Associated Press Rotoworld.com - Press-Enterprise - Boston Globe - United Press International all 506 news articles Publ.Date : Sat, 19 Jul 2008 22:52:04 GMT Automatic Blogging Add RSS Feeds to My Website

PARLOT::Ebooks, Scripts, Websites, and more...

Adsense websites

California Deparment of Corporations and Franchise Opportunities Law

What CA Needs To Do To Address Issues in FranchisingWe... Read More

It Must Be Joe Cockers Market

Agonizing displays of poor theatrics failed to entertain my mind... Read More

Pros & Cons of Investing in Bonds

What are Bonds?A bond is a debt security, by which... Read More

When NOT to Invest

Unfortunately, many investors who are seduced by the lure of... Read More

Powerful Hidden Techniques Mystery Formula - The Covered Call Option Trading Buy-Write Strategy

For better or worse, most option trading investors purchase stocks... Read More

Investment Rowing

You have rowed a boat at some time haven't you?... Read More

Reasons For Joining An Investment Club

Whether you're a novice investor or an experienced stock picker... Read More

Online Trading Options Strategies - Rolling

Rolling is defined in options online trading as moving a... Read More

Super Rules, OK?

Do you rule your superannuation or does it rule you?It's... Read More

Annuity Investment - The Whole Truth

Do you ever feel like you haven't been told the... Read More

Chile Leads the Latin Pack

Everyone's talking about China. Don't miss the opportunities in the... Read More

Success Trading for New Traders: What Does Bid and Ask Mean?

Do you ever wonder exactly what's going on in the... Read More

Wit and Wisdom on Money, Wall Street and Success - Part #1

I love to collect quotes as they concisely promote a... Read More

Can Using Sales Leaseback Method of Investment Property Acquisition Reduce Risk?

Sales Leaseback compared to traditional property investmentCan a Sales Leaseback... Read More

Risk and Reward

If you are doing your own investing in the stock... Read More

Help with My Annuity

The cries are heard from the distance, "I need help... Read More

Forex market offers opportunity and information

The forex market is what is called an international exchange... Read More

Now is the Time to Invest for Your Retirement!

Yes, it's the time we've all been waiting for?tax season!... Read More

A Secret Revealed: Why Most (Day) Traders Fail

The following perspective on (day) trading comes from my many... Read More

Trading Tips No 7: Developing a Casino Mentality for the Day Trader

I submit that the successful day trader would profit well... Read More

Caveat Emptor: You May Owe Taxes Despite 401(K) Losses!

One among many ways you lose money in non-indexed mutual... Read More

Why You Need To Buy and Sell Gold Coins (Part 3)

Putting Rare Coin Market Cycles to Work for You...Until recently... Read More

Gold and Silver Maple Leafs Get New Packaging

Gold Maple Leafs and Silver Maple Leafs are receiving packaging... Read More

Easily Finding A Good Stock

There is a tremendous amount of software, complicated high priced... Read More

Delist My Corporation Please

It use to be said that once a company was... Read More