The Holy Grail

If you are a newbie trader or an existing one, let me tell you a secret or in your terms “The holy grail”.

     I know you are searching for the holy grail of trading, how do I know that? Because I was you, someday… I know the feeling of that unquenchable thirst to find something, be it indicators or a methodology using which you can earn, earn, and earn. But you know what, it doesn’t exist. Seriously, it doesn’t exist at all. The whole beauty of the market is its unpredictability and randomness, accept it.

     The way you are trying to confine the markets within a certain pattern, that way doesn’t work. Yes, I’m telling you too, the SMC, or ICT traders. You say that you despise the patterns or the indicators yet you try to patronize everything. “If the market does this, it will do this next and I’ll do this” seems like a pattern to me. Patterns are fool's gold, avoid it. Try to consume raw price, interpret it, understand it, and try to find meaning in the chaos. Don’t just do something by looking out for the thing a guy told you to find.

     Being a good trader, isn’t about how you read the market at all, let this sink in for a while because this is the most important of all and this is the holy grail that you are seeking so damn hard. Let me give you an example. Experiment with 100 trades on any instrument or any pairs, figure out the amount of risk that you are willing to take per trade but don’t enter the market looking at the charts, flip a coin. Heads, buy. Tails sell. Take 2 times the amount you have risked and get out. Repeat this for another 100 times. The results will surprise you, you will be seeing far more gains than you are making right now. Why? Because you traded a system, a roadmap that has a fixed amount of risk and return. Rest, there are only two things to do, either buy or sell. Whatever you do, the chance of you winning is 50-50.

     Another suggestion is, to build your intuition. Over time, you would have seen a lot of scenarios in the market, your subconscious will know more than your conscious mind can determine at the moment. You call that gut feeling, I call it intuition. Build your intuition and use it in your trading. At last, don’t patronize your trading. The market tends to hunt and kill pattern traders. On the left of your chart, you will see a lot of things, and eventually, everything fits in place it’s called the benefit of hindsight. But once you start trading you will have to face the right side of the chart, the uncharted territory, the real battleground. Sparring alone and getting in a ring for a fight are two different sets of things.

✍ Originally Posted: Publish0x