Easy edges in the markets for retail participants?

dbphoenix said:
Yeah, that's it. You got it. My ego can't stand the response from a bunch of anonymous internet trading forum habitues. Yep.

Good grief.
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Yes, keep deluding yourself, old man.

Everything you're doing on this site is of course purely altruistic and have nothing to do with feeding your own guru ego. You do it to serve yourself and your need for recognition and validation.

Anyway, you can put me on ignore. We're not getting anywhere with this and I don't have any interest in continuing this exchange.

We're done.
 
Laissez Faire said:
Yes, keep deluding yourself, old man.

Everything you're doing on this site is of course purely altruistic and have nothing to do with feeding your own guru ego. You do it to serve yourself and your need for recognition and validation.

Anyway, you can put me on ignore. We're not getting anywhere with this and I don't have any interest in continuing this exchange.

We're done.
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Why would I want to put you on ignore? You might after all begin to approach this as a business at some point rather than a recreational activity, at which time you might begin to understand the comments made by others to you.
 
Not sure if it's been mentioned yet, but Jesse Livermore summed up one of the best, eaziest edges I have ever seen:

General conditions - size up the general market and its trend. I would also add "the stock and its trend" for each position.

I'm sure all the straight line gurus are just illustrating this point with their chart diagrams, but for me it was the most important thing I ever learned. I had been obsessed with "buy signals", even went so far as backtesting all them until I was satisfied, and then one day I found a winning trader and reverse engineered some of his wins.

:eek:

Behold, the general market and its trend. Momo traders know this, instinctively.
 
Wide Tailz said:
Not sure if it's been mentioned yet, but Jesse Livermore summed up one of the best, eaziest edges I have ever seen:

General conditions - size up the general market and its trend. I would also add "the stock and its trend" for each position.

I'm sure all the straight line gurus are just illustrating this point with their chart diagrams, but for me it was the most important thing I ever learned. I had been obsessed with "buy signals", even went so far as backtesting all them until I was satisfied, and then one day I found a winning trader and reverse engineered some of his wins.

:eek:

Behold, the general market and its trend. Momo traders know this, instinctively.
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Exactly right:

The first step is to determine the current trend of the market (Wyckoff):

The second step is to determine one's place in the current trend:

The third step is to determine the proper timing of one's entry into whatever it is he's trading.

The fourth step is to manage the trade by monitoring the balance between buying pressure and selling pressure, exiting when the balance is no longer in your favor.
 
Laissez Faire said:
Well, I suppose we have a different view on life then.

If I see a guy who's about to walk in front of a car that he does not see coming, I WILL pull him away from that car, even though his 'responsible for his own actions'.

What a load of bullshit.

Everyone could verify what you're saying if you posted an account statement., but I didn't even ask for that. I just asked an honest reply, no need for a blotter. You couldn't even answer that.

There's a few big players posting their blotters on the P&L thread and they don't have time to make ten thousands of posts on multiple message boards trying to be a guru.

I suspected you to be a charlatan. Now I'm convinced.
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My two cents to the both of you guys..to DB defense over decade ago I lurked, followed a few guys and did the 10,000 hour thingy..I took bits and pieces from good guys here and elsewhere ( I have fund friends also) and took my trading to a level few ever achieve. Obviously luck and brains are needed..but some of the discipline was taken from some good threads here.

I'm not saying db or any of the posters here are legit as I rarely have time to post and read ( p/l I can do cause its quick and easy)...but they may be as good as past guys I got some great ideas from. I suggest takes those innately good points , work hard, focus on one main product and work your ass off.

One thing I have said before though is if someone has an edge that makes money year after year...trust me, they will not detail it in any way...with a true edge you will never need to chest pump or need opm.

And LZ , thanks for the blotter shout out..
 
sellindexvol66 said:
One thing I have said before though is if someone has an edge that makes money year after year...trust me, they will not detail it in any way...
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yes they will... Don Miller and John Carter are two examples that come to mind. Both have published books, both have certifiably documented multi-million dollar trading profits recently, both offer full disclosure of their entire approaches for a price.

as I have said countless times before: many "edges" that make money are impossible to degrade if offered to the public for two reasons... human nature and human nature.

The first human nature is, damn few struggling traders will pay for anything due to many reasons. One being they think that same money is of more use in their trading accounts than invested in knowledge. Fact is, eventually they blow all that money away and never learn a damn thing with it.

The second human nature is, nobody ever and I emphasize ever will trade a strat identically to anyone else. Doesn't happen, ever.

see you in the P&L thread :cool:
 
austinp said:
yes they will... Don Miller and John Carter are two examples that come to mind. Both have published books, both have certifiably documented multi-million dollar trading profits recently, both offer full disclosure of their entire approaches for a price.

as I have said countless times before: many "edges" that make money are impossible to degrade if offered to the public for two reasons... human nature and human nature.

The first human nature is, damn few struggling traders will pay for anything due to many reasons. One being they think that same money is of more use in their trading accounts than invested in knowledge. Fact is, eventually they blow all that money away and never learn a damn thing with it.

The second human nature is, nobody ever and I emphasize ever will trade a strat identically to anyone else. Doesn't happen, ever.

see you in the P&L thread :cool:
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i can agree with austinp here . there is some setups,where one can benefit from 'revealing' his edge. something like a double bottom as a simplest example. the more people jump in to buy at whatever level,when price is in decline-the better for him.
 
bmwhendrix said:
Have you some evidence that a "double bottom" is an edge?
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sure...specially when it's occur on multiple securities\etf's at same time. think about it..the more participants are looking at same price levels-the better.
 
scalptrader said:
I get 70%+
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You found a strategy for free on the web that has a 70%+ edge, or did you tweak and tune the strategy to that level?

I was just referring to stuff that is out there... Untweaked, unfiltered.

Also, I am not referring to win rate... I'm referring to the profit expectancy of the edge over multiple trades.
 
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