Tue 17 Jun 2008
In quest of the Holy Grail
Posted by ray under Psychology
FOR A QUEST OF THE HOLY GRAIL IN THE TRADING WORLD, PLEASE GO TO
post on : June 15, 2008 – 11:41 am
For fascinating stories of the Holy Grail, please read hereunder:
In Christian mythology, the Holy Grail was the dish, plate, cup or vessel that caught Jesus’ blood during his crucifixion. It was said to have the power to heal all wounds. A theme joined to the Christianised Arthurian myths relates to the quest for the Holy Grail. Christian revisionists insist that the Holy Grail is not to be confused with the Holy Chalice, the vessel which Jesus used at the Last Supper to serve the wine; various vessels have been put forward as the Last Supper chalice. Other legends featured magical platters or dishes that symbolize super power or test the hero’s worth. Sometimes the items generate a never-ending supply of food, sometimes they can raise the dead. Sometimes they decide who the next king should be, as only the true sovereign could hold them.Old French, san grial means “Holy Grail” and sang rial means “royal blood”. Since then, Sangreal is sometimes employed to lend a medieval air in referring to the Holy Grail. The early Grail romances centered on Percival and were then woven into the more general Arthurian fabric. The Grail romances were French. We even have best-sellers of the Holy Grail in celluloid and in the trading literature.Recently, there was a cup that fetched instant riches for a rag and bone man: The 2,500-year-old item was acquired by a rag and bone man who handed it on to his grandson.
NEWS:
HERE is a Cup older than Holy Grail sells for £50,000
An ancient gold cup that dates back to the 3rd or 4th century BC but has spent the last 60 years under a bed has sold for £50,000 at auction.
As traders, we are also familiar with the Holy Grail - the miracle all novices seek for quick and instant success and RICHES in trading, which alas, is non existent!
ANA aka IDKIT
Ag Moderator
June 17th, 2008 at 2:02 am
The Holy Grail is a fascinating topic even in trading, and I would like to offer what our Mentor has been trying to tell us all along: we cannot predict the market. There is no crystal ball.
I would like to cross ref from: http://awanginvest.com/?p=431#comment-205
Eg, Market Profile used by mentor Ray, does offer a marker (value) that indicates change as it begins. This is at best what one can predict about the market , as it changes; it does not predict the future direction of any market.
ANA aka IDKIT
Ag Moderator
June 17th, 2008 at 11:18 pm
Hi Ana - I don’t like to think of it as predicting as really we can’t (bar any psychic ability). What we can do is to use methods via a plan to identify when the probability is in our favour with ideally small risk. Hence high probability setups with good risk/reward over time should be winners.
Regards Tom
June 18th, 2008 at 12:08 am
Tom I agree absolutely that we cannot predict the markets; at best, we can only predict the market as it changes, not its future direction, as pointed out in my earlier comment.
Thank you for emphasizing on high probability setups to veer away from the word ‘predict’.
ANA aka IDKIT
Ag Moderator
June 30th, 2008 at 2:40 am
Arrogance Index: (submitted by NicT)
Hong Kong’s richest man has unveiled his secret to success - an index warning against arrogance.
Li Ka-shing said his formula was borrowed from the Greeks: to strike a balance between “arete” - meaning goodness, excellence and virtue - and “hubris”, referring to pride bordering on arrogance.
“The hubris index governs not only our attitude, but our behaviour. Are we excessively proud and boastful? Do we fail to listen to foils [critics] that say you’re wrong? Do we refuse to get feedback about the outcome of our acts and decisions? And are we lax in planning in advance for possible problems, consequences and corrective measures?” he asked.
By idkit on Jun 30, 2008 | Edit