A thought on trading edge

[Handle123]

Hello...Newman

Hello ...Norm

 

[Sergio77]

Turtles again when HFT is the main theme? Are you going to rise a horse to go from NY to LA?

 

[ScottColeFTA]

Turtles again when HFT is the main theme? Are you going to rise a horse to go from NY to LA?

So, did I miss the memo that this site is only about HFT? Is there only one time frame to trade profitably?

 

[Redneck]

So, did I miss the memo that this site is only about HFT?

Hardly - but then there remain some still afraid of the big bad boogie man

Go figure

Is there only one time frame to trade profitably?

Yes..., switching TF's..., especially when in a trade and it losing - is a very bad idea

RN

 

[ScottColeFTA]

Hardly - but then there remain some still afraid of the big bad boogie man

Go figure





Yes..., switching TF's..., especially when in a trade and it losing - is a very bad idea

RN

Yes, switching time frames in the middle of a trade is a very bad idea, but there are many time frames in which to be profitable.

I would venture to guess that there are some people on this forum that don't have the time to sit in front of the computer all day. Therefore, discussions relative to longer time frames would be relevant.

 

[Redneck]

there are many time frames in which to be profitable.

All of them - price is contiguous

But then - that also means all of them are potentially losers


Pick yer poison..., it all deadly if ingested incorrectly - LOL


RN

 

[ScottColeFTA]

All of them - price is contiguous

But then - that also means all of them are potentially losers


Pick yer poison..., it all deadly if ingested incorrectly - LOL


RN

Ain't that the truth!

 

[OddTrader]

Ain't that the truth!

A thought on trading edge - I think trading is like managing a certain number of different Russian (nesting) doll sets, and each set has its own complexity in it! http://en.wikipedia.org/wiki/Matryoshka_doll

 

[dartmus]

I just listened to Michael Covel's interview with Toby Crabel. Crabel is a trader I've studied quite a bit, due in part because a friend of mine has worked for him.

I highly recommend listening to this interview, as he makes some good points. One key point he makes is that "your edge needs to be doing what other people are uncomfortable doing."

That is also a similar lesson that Richard Dennis taught to the Turtles, which was to "do the hard thing." By that he meant taking a breakout even if it didn't feel right at the time.

In any event, you can check out the podcast at the link below...

http://trendfollowingradio.com/ep-2...w-with-michael-covel-on-trend-following-radio

Many thanks to Marketsurfer for posting it originally

Thanks for this post. It was extremely helpful in my process. It's helped me understand some of the logical reasons that define why ......some things appear to work better than others.

Happy New Year!