The Lure of the Holy Grail
By Galgo Tsin
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About this ebook
Online media promises of easy and quick road to riches are aplenty. Which of these are true methods and which are empty promises or worst scams? Most of these promises lure you to the financial markets and possibly even trading methods. This book will tell you the truth about financial markets and show you the pitfalls of each different methods. There are no sure wins. every chance of win equals risking certain magnitude of ruin. Want to know the different risk profile of a day trader vs an option trader vs a spreader? What are the practical methods that will work for layman and simple investors? Told from an ex floor trader on the SIMEX in Singapore and how the migration to electronic trading has affected trading methods.
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The Lure of the Holy Grail - Galgo Tsin
Holy Grail of Trading?
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Risk disclaimer
This book is not about getting rich quickly, nor is it about some spiritual formula or concoction that you can take every day to your road of riches. What you will find are practical processes that you can carry out once a month to systematically grow your investments. The methods are explained in detail and validated with tests on data sets that you can replicate yourself. It is not a black box formula, and there is a section on the exact source code that you can use it for yourself to conduct your own testing. As with all financial endeavors, there are elements of risks associated with every potential reward. At the most basic level, you must understand that there is no free lunch in life, well only one, which is the Gospel Truth, but that is a topic on spiritual matters. To reach your goal of financial success, you must never fall into the trap of losing all your capital.
The tough truth on trading is that only less than 10% of the community makes money in the long term. Most of the hypes and bells and whistles in the news media only show the successful traders in the short term. Ask any trader that still trades successfully after 10, 20 years and you get a different story. If you stumble upon this book, congratulate yourself because the content will appeal to only 10% of the typical trader. Most newbies will only look out for flashy trading methods that promises immediate riches and will likely ignore the boring and mundane methods that do not offer any excitement to follow. If you stick around till the end, you will find a method that will give you laser sharp precision to determine whether the stock market is in a bull or bear phase. That is the edge that will give you the comfort of