Recent content by Purple Barney

I won't go into detail, but there are plenty of strategies that are hedged, balanced enough for that kind of leverage. I currently have right around 100X and have gone over on several occasions. I am obviously not looking to make, or lose, anywhere close to 1%. For anyone who actually knows what...

Ok make it 50-100x leverage.

Just a quick question for Don, or any one who knows: Can I execute MOC orders through Bright trading? I heard that it was difficult/impossible through Redi+. If yes, can I link my own programs through the system's API to send orders? How many orders can I send per second? Currently I am...

For those that have already passed it, are any of you familiar with the Greico Financial training institute's Pass Perfect study guides and practice exams? They are the ones I have been studying for a few weeks now. What were you scoring on them before you went to take the test? How did you...

You don't necissarily have to have a gift, or even have exeptional skill. Above average skill is enough to create an edge. As long as you have above average skill/experience, you have an edge over those with average to below average skill, which by definition is the majority of the people. Also...

This skill helps him exploit other TRADER's inefficencies, traders with less skill, this is why I said SUPERIOR skill. Since this does not deal with market inefficiency, does it still constitute as "edge"? And to further elaborate, i know what you mean by "market inefficency", but since any...

Heh, ok MOST systems, at least the ones that make some sense, can work for someone out there, unless it was just created as a con. Your definition makes alot of sense. The question is, can superior skill acquired by a trader create an edge for him compared to other traders?

I tend to agree with this. In my discussion with Mav I stated that this is more semantics than anything else, but he seems to think it is an important one with an important difference.

Completely agree with everything you said. And those things you listed at the end, you are right, those are not edges, those are skills. MY point is, of the things you listed at the end, when a trader is more familiar with those and can use them BETTER than an average trader, in conjunction...

Not familiar with sarcasm? I was laughing too, when I saw that by trying to disprove my point, you actually gave an example of my point.

Ok this doesn't have anything to do with edge or skill but I would like to point something out. SURVIVAL is the MOST important part of trading!! Thats the first thing and last thing you need to learn to become a successful trader. SURVIVE AND NOT BLOW UP. Remember that. Making a profit...

I never said the only way to profit was chart reading/money management, but I fail to see how your point discounts mine when all you gave were examples of money management... proving my point!

We have different definitions of "skill". Constructing a system or methodology, and mastering it according to your own tendencies, is in itself a skill. I believe that EVERY system or method works, but for different people with different tendencies. I don't think you actually took the "best"...

You just gave two very good examples of money/risk management. A newbie with poor management and a proffessional with great management. Thank you for demonstrating how different levels of skill yield different results in profitability.