Do most traders even have an edge?
- Thread starter empee
- Start date
Henry,
But why do the majority just get it plain darn wrong ?
We place a trade, the price will do one of two things, it will go up, or it will go down. When it goes down I don't really care if I am long, as I know that I am protected, and vice versa, if I am short, and it goes up, it does not bother me at all, really.
What does bother me is when it goes up, and I make some good money, and then I give it back. As this bothers me, I do not allow it to happen, most of the time, but at times I get caught, for many reasons, some of my own doing, and some not, but no matter what the reason, it is my own fault if I give too much back after having had the good fortune to make it is the first place.
We can all know what works, and what doesn't work, but when we are winning, we know everything about anything, and that is a big problem that all traders must overcome, and how to overcome that, well, it is currently being discussed in another thread.
I would suggest that in fact when you are in a winning trade you have lost track of where your at. you are too close to the action and most likely have throw the method out the window in favor of greed... i know i fight that problem and that is why i have mechanicalized my method where it dictates to me what to do and i just do it. mb
The fact that the vast majority cannot follow a system with discipline is why it's developers sell them. Think about that for a second or minutes as the case may be.
i would agree with most of that statement and just say there are some exceptions.
like a guy what has a crap systems and knows it and will sell it.
or a guy who really thinks he has a systems and will sell it.
or a guy who knows he has something good but will attract money by disclosing it "i have been in this category before" and i think toby crabel was also in 1992. now look at him.
so there are a wide variety of reasons..
Well Mark,
I am not a fan of automated trading, if that is what you mean, and unless you are throwing millions about on a basket trade, as they do with programme trading, then automated trading has its limitations, but, that is just my opinion of course.
What you say about in a wining trade is correct for most traders, but those that have learnt to control their actions when in profit, do not take small profits unless really necessary. and thus, maximize their returns against risk taken.
please, even someone with decent pattern recognition skills can see you arent new here. I spotted you from a mile away, problem is you post the same way and talk about the same stuff so its pretty damn easy.
So how is Vancouver these days?
So how is Vancouver these days?
Someone said earlier that if you don't have an edge you must be an unprofitable trader. Wrong! I am profitable and to be honest couldn't tell you what my edge is lol. I havn't the slightest clue as to what my edge possibly could be. That proves the whole "edge" thing is just a way for people to think they have found the holy grail and are screwing the big dogs over with there cool "edge". What a fucking joke!! Do your homework and learn how the markets react everyday and stop looking for the precious "edge"!
You remain incapable of understanding. Your "gee, i am clueless why I make money so therefore there is no such thing as an edge" is an exceptionally narcissitic and clueless view. It is as strong proof as:
"Gee, I went into the garage, so I must be a car! Gee, I went down to the docks, so I must be a cargo freighter!"
You deserve one of these:
