The Holy Grail of Day Trading
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I normally do not send out a post notification for my YouTube uploads unless it is something important or different, but today fits that description in my opinion. Everyone is looking for the holy grail of day trading, and today I think this video fits that description. No, this is not clickbait. I am really offering you a 40-minute one-on-one training session where I give you my thoughts on how I trade, how I set up my chart, and what I am looking for in easy 5 or 6 easy to understand and very precise steps.
If there really is a holy grail of day trading, this is your chance to view and get it for free! Enjoy!
Comments
chrispy May 9, 2023 at
There is a Holy Grail of trading. It is hidden between your ears. I have been at this for a long time. Over 10 years. I started with covered call writing and moved to all manner of options. You name it, I tried it and spent thousands on education . I eventually found my way to Al Brooks and watched all of his videos, most of them twice. I was in his trading room for two years at 100/month. I became convinced that learning to read the chart was the only way to go. Use no indicators. I have tried EVERY one and have the books I bought to prove it. Simplify simplify simplify. I have been on Mack’s site now for three years. I am now just breaking even with my trading. Maybe I am just a slow learner. I continue to fight my own prejudices like counter trend trading. All of this is in my head. I know though that Mack’s way is the right way. Why, because its simple. Doesn’t mean its easy. It still requires tons of practice and screen time. I am seeing what he is teaching. It is getting clearer. So I will just keep going knowing that my Holy Grail is waiting to be found, right inside my own head.
Mack May 9, 2023 at
So much of this is in our head Chrispy, so you are very correct in that statement. Patience and discipline are key aspects of a good trader. If this is a goal of yours that you truly want, never give up. Just keep pushing forward and bit by bit, you can conquer the mental demons. No, it’s not easy and most give up long before they are even close. The key is perseverance and staying the course.
Buddy May 9, 2023 at
I typed up the Holy Grail doc in case anyone else wants to print it out: https://priceactiontradingsystem.com/forum/daily-charts-and-journal-posts/buddys-friday-charts/paged/18/#post-24941
aisakhsd2020 May 9, 2023 at
Mack,
thank you for the lesson.
G-d Bless you.
gramme June 8, 2023 at
Hi Mack,
I just re-read, over the week all your free articles as you mentioned that everything is in there, just not in the correct order.
The question I have about this lesson on the holy grail is about the KEP. You do not mentioned the EMA in this lesson as a KEP, and I noticed that in most your free article about KEP you mentioned similarly only the trend line and support/resistance as KEP. But in some lessons, you are mentioning as one of the easiest and most reliable entry the 2 legged PB to the EMA ( with the EMA being the KEP as I understand it), expect when price come from the trend channel, where they are less high probability setups.
My question are, while still being in the learning process, should the EMA alone is a strong KEP for looking for a setup (not when the trend line and EMA are congruent in a trend) please?
Or should the EMA alone should be ignored as a KEP for taking second entry/2 legged PB with the trend while learning and ONLY the trend lines/supports and resistances be considered as KEP for looking for a setup please?