Bright Trade
- Thread starter trader29
- Start date
I guess you didn't read my original post, which said:
And last, you don't need to sit down next to a great trader to learn how to trade. Maybe some people do but not all. Some people come into the game with knowledge. Plenty of self made traders just as there are in many other professions in life.
It was Maverick who came back with a "WTF .. you think it takes knowledge to make $$". And the answer is yes.
Did Bill Gates know zilch about computers when he started MSFT? Want me to go on with other examples?
If you have a need to be right we'll go with your word "Edge" ... I have a method I use, it evolves over time, that's my terminology. But you're right about one thing ... your comment about "semantic" arguments was a perfect example of such since you think "edge" is the correct term.
truly successful traders don't have time to bicker about bullshit on a message board.....you guys are wasting your time....
DHOHHI wrote:
Edge is not really "my" word; it's trading 101.
I don't have a need to be right, and I certainly don't know or concern myself w/ your method or whether you're successful or not (or will be in the future).
BTW: Bill Gates made his original stake for MSFT playing poker. That's a game where having an edge helps, wouldn't you say?
Edge is not really "my" word; it's trading 101.
I don't have a need to be right, and I certainly don't know or concern myself w/ your method or whether you're successful or not (or will be in the future).
BTW: Bill Gates made his original stake for MSFT playing poker. That's a game where having an edge helps, wouldn't you say?
Yes (and we agree on something, LOL).
Don
Knowledge is vastly overrated. I knew a ton of traders with a great deal of knowledge about the markets but couldn't trade their way out of a paper bag. Knowledge is nothing without the ability to act quickly and decisively to what's going on in the quote screen. Discipline is also far more important than knowledge.
And, yet another agreement from me....I know many who can certainly talk a good game...put them on live with their own money, and viola....fear, greed, gunslinging...you name it, but no profits.....
Don
Bright's fees are a tad high BUT it is all in . Unless you are 70% price making with ECN's it is much closer than u might think. I see posts here saying u can get .003 and at a glance it seems more than double. Armed with that , I joined a group at 0035 last year and by the time I add up my ECN feesDOT,etc it came to .0055 to .0065. Granted it was about 200k-300k per month.
Mav,
i agree with your comments about knowledge vs. learing by the side of a successful trader for months/years. Many of your posts have been much helpful to me in the past. However, not many of us have the luxury of having such traders in our network. Say a trader has moved beyond the losing year(s), struggling year(s), and is now making money commensurate with the risk taken consistently for 4-5 years. If such a trader is "home schooled" with no outside assistance, in your experience and opinion, what are their chances of keeping it up and actually becoming one of those guys who are worthy to be one of those great mentors you refer to? In your trading years, have you seen that often?
I know it's somewhat of a cliche question but thought i'd ask anyway.