That makes perfect sense.
So the guys who got the high score with skill, is that the same as the equities trader barely making a teachers salary? Because thats Mavs point.
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Deal for New trader
- Thread starter Purple Barney
- Start date
That makes perfect sense.
So the guys who got the high score with skill, is that the same as the equities trader barely making a teachers salary? Because thats Mavs point.
Quote from Purple Barney:
This discussion is all semantics and pointless.
Whats the point of trading, making money.
Skill makes you money. Even you admitted.
Point achieved. Who cares if you have an edge or not.
Purple boy, relax. LOL. Remember my first post on this thread. I asked you why you wanted to trade equities. I simply stated that equities have a larger vig to overcome. That is why we were discussing edge. Please re-read the thread before you have all these acid flashbacks. LOL.
I was simply trying to figure out why you wanted to trade a product that had a larger vig to overcome all things being constant. Would you trade a stock with a $10 wide spread over a stock with a penny spread? Why not?
Quote from Maverick74:
So what is stopping everyone else from acquiring the skill you have thereby giving them edge And round and round we go.
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Destructive thinking, or more accurately , "stinkin' thinkin' " as W.C. Stone and Napolean Hill once said is what stops any person from acquiring the right skills which in turn is your ultimate Edge.
you mean like a room full of h1b immigrants wacking bids with bullets on some microcap stock. LOL.
I see your point. So the only way people can make money in equities is by exploiting some gray loophole or "cheat".
I see your point. So the only way people can make money in equities is by exploiting some gray loophole or "cheat".
Quote from newguy1:
heres an example.
Take a videogame, like mario brothers. Equate getting a high score with being a profitable trader.
Now if you're pretty skilled, you'll make the high score list.
But one day you discover a flaw in the games programming that allows you an additional life everytime you run into a wall.
now winning the game is a lot easier, and gives you more opportunities to rack up a huge score.
Thats a rough analogy to what an edge is; i've always thought of it as a cheat in a videogame. Then mario 2 comes out and they fixed the flaw, so you find a new "game" to play.
make sense?
Quote from Maverick74:
Purple boy, relax. LOL. Remember my first post on this thread. I asked you why you wanted to trade equities. I simply stated that equities have a larger vig to overcome. That is why we were discussing edge. Please re-read the thread before you have all these acid flashbacks. LOL.
I was simply trying to figure out why you wanted to trade a product that had a larger vig to overcome all things being constant. Would you trade a stock with a $10 wide spread over a stock with a penny spread? Why not?
And for the last time, because it is readily available, because I'm only trying to learn right now, and because I am already familiar with a bunch of stocks/setups. Once I get big time and i'm trading million share blocks and i'm moving the indices, ill move on to your beloved futures.
Quote from iloveoptions:
Destructive thinking, or more accurately , "stinkin' thinkin' " as W.C. Stone and Napolean Hill once said is what stops any person from acquiring the right skills which in turn is your ultimate Edge.
This needs to be quoted again. Sorry I was not able to explain as clearly.
Quote from Maverick74:
You are chasing your own tail with this logic. Any btw, no matter how many hours you spend in a batting cage, you will never be Barry Bonds. No matter how many hours you spend on the driving range, you will never be Tiger Woods. Skill and edge are NOT the same thing.
Actually you're not using logic here. Based on your assertions no one can achieve or eclipse the level of the top level performer of their profession. Tiger Woods can never meet or exceed Jack Nicklaus' accomplishments. Barry Bonds can never meet or exceed the home run totals of Hank Aaron. Many factors allow someone to set new standards/records.
First, there is no such word as "can't". One with a given talent can achieve what they set out to achieve. Per your conclusions it would be like saying no fund manager can exceed what Peter Lynch achieved back in the 80's and 90's Not true.... Technological advances, whether in golf equipment, baseball, or trading will allow professionals to set new "standards" now and in the future.
please, watch this from start to finish, it will explain the skilled part of the videogame analogy. and its just entertaining.
http://www.youtube.com/watch?v=T6avy1A_kqg&mode=related&search=
this guy is "skilled".
he doesn't have an "edge"
but he still beats the game, and lets just say he gets a high score too.
As you can imagine, if the edge was getting infinite lives by running into walls, well, its not that skillful even, but i'm gonna say it would be "profitable" if that means getting a high score.
http://www.youtube.com/watch?v=T6avy1A_kqg&mode=related&search=
this guy is "skilled".
he doesn't have an "edge"
but he still beats the game, and lets just say he gets a high score too.
As you can imagine, if the edge was getting infinite lives by running into walls, well, its not that skillful even, but i'm gonna say it would be "profitable" if that means getting a high score.