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I'm absolutely amazed this thread is still ongoing. Almost ONE MILLION VIEWS! Has anybody TRULY gotten anything of value out of this topic? Just curious. I think the prolific amount of views says something about the psyche of the human/trader brain...our natural instinct to NEVER be the one who...

I agree that the vast majority will not be able to find a high win rate. That is also why I think the majority has to settle for more of a practical edge (much easier) like money management or trend following (whether it really works for them or not)...two concepts that are discussed in the...

Honestly...I thought his "understanding" of what could sell was his unique edge that would be most difficult to duplicate for someone else...the ART of the trade...so to speak.

I have to ask any losing trader out there or any traders that use to lose at one time, did you ever feel like you "picked price well" CONSISTENTLY OVER A LONG PERIOD OF TIME, but you screwed it all up consistently because of bad money management? I usually find traders that have bad money...

JSSPMK...have you considered there are scalpers out there who do very well. These scalpers need a unique advantage over other traders because their risk to reward ratio is frequently equal or even NEGATIVE (as in my case). I would never survive with a 1:3 or 1:2 ratio. Why don't I prove this...

Buy1Sell2...You mean "expert" implementation of PRM...correct? It takes more than implementation, it takes "expert" implementation...correct? These are your words!

I JUST FIGURED OUT THE ABSOLUTE EDGE TO ALL TRADING.....BE AN EXPERT AT IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:rolleyes: P.S. EXPERTISE AT ANY ASPECT OF TRADING WOULD BE CONSIDERED AN EDGE...BUT ONLY AVAILABLE TO THE FEW!!!!!!!!!!!

The only way I would call money management an edge in my trading is if I had some creative or unique way to adjust my exits/stops in real time that increases the probability that I maximize profits and minimizes losses...but I would never say "money management is ABSOLUTELY the only true edge"...

I think many traders on ET would disagree that "everyone" is able to pick good entries and exits. If you have to use indicators to construct a setup, then it sounds like you would be blind without them? They must have some sort of edge to your setup or "necessity" to it.

Why do you have to "pick" entries? If there's no edge to it, just do random entry...would that work for you? Have you ever done this before?

Doesn't "expert" imply a special skill or unique approach? Special skills and unique approaches are not simple or straight forward. If you have an edge built in to your "money management" because of some creative sequence or filter, then you shouldn't say money management is the absolute edge...

One cannot run a business with just risk management...how about a niche? Agree that most traders don't use risk management optimally.

So, why was the RSI and how you used it so important to your trading in the past?

Prudent risk management is the ONLY TRUE EDGE? How many of you that actually believe this, can make a living trading random entries...or believe you could make a living with random entries if you had to? If you don't...why not? Why do you use charts, indicators, math...etc. Please don't say "to...

I would love to watch that! Oh, you mean the slot on t.v....sorry.:D

I should of said "a teenager that has a chip on his shoulder". Again, I've known security personnel that are AHOLES to everyone...color doesn't matter...they'll push any ones buttons. Let's assume what you say is true...Zimmer is a bigot. What is he supposed to do if Marty was acting...

Yes, being "thuggish" towards a teenager with a chip on his shoulder equals disaster. None of this necessarily equates to being racially motivated.

Answer the question.

So, you think you're smarter than me?

Really! The best assumption to make when someone looks RICH is to assume they're not rich? You have to give anyone who "looks" rich the benefit of the doubt, because probability says MOST people who look rich are really just that...rich! It's the smaller percentile that is a facade. Why would...