People say, in trading, there is no Holy Grail, I don’t agree. I believe there is one, and everybody can create their own Holy Grail. The formula is, Holy Grail = Right Attitudes + Right Strategies + Right Timing + Hard Work
- Right Attitudes are the attitude of winning, acceptance, flexibility and continuous learning.
- Right Strategies are the solid understanding of chart patterns, economic data and market conditions.
- Right Timing is know when to apply the right strategies, when to put your stop loss, when to take your profts, and when to stop trading.
- Hard Work (is hard to define, but for novice, hard work means 6.5 hours X 2) research the market and stocks, read credible trading books, articles, and blogs , and review your trades one after one and apply what if scenarios during the review, keep notes, write trading journals.
