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An edge means that, the odds of a trade moving in your direction are higher than the odds of the same trade moving against you. Automation does in no way guarantee your edge ! Trading involves the application of many skills learnt from past trading experiences. The proof of a real edge...

Bulls make money and lose it ! Bears make money and lose it ! Foxes rarely stray into open ground ! It can be as easy, or as hard, as we make it ourselves !

As of now athlonmank8, we must wait to see if the Generals are going to take some more profits. They are heavy longs from circa 1410 on S&P and might be gunning for the 1510 level before any singificant retrace, but, as you rightly say, it should not matter once we are prepared to trade, and...

A fair reply and I have looked at the provided links. Correct me if I am wrong, but it appears that the results for the various trading strategies are mixed together. Is this correct ?

The ability to take money, consistently, out of the markets has absolutely nothing to do with predicting market direction. Another way of describing this way of thinking is akin to fools gold

Having an edge is of no use at all if one does not know how to use it correctly!

A very valid question Boib. Maybe I can help you, by re-phrasing your question, so that the experts will be able to respond to you. What is the Expectancy figure for your various trading strategies, and what is the sample set size ?

Making money from trading activites has nothing to do with predicting a stock or index price. This is the one big mistake that all new traders, and the majority of experienced traders make. As this is a Psychology thread I will be happy to contribute some information of real value. After all...

You should ask yourself what are they all doing at an expo ? If they are as good as they say they are at trading then why do they need to sell information ? This might help you see what they do best ...