Easy edges in the markets for retail participants?

[cornix]

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.

You benefit from more participants doing the same trade in case they don't compete with you for liquidity. If they do, publicly revealing exact entry points would be plain stupid, especially in less liquid markets.

Having said that... I have witnessed a person once, who publicly revealed STRUCTURAL edge (back in late 2005). Which obviously killed it.

 

[MarketAddict]

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.

First, you are talking about guys that you have to pay in order to learn.. Sellindexvol66
was talking about giving away winning strategies online for free.. Second, you don't know for a fact if Don Miller or guys that teach are actually giving away all their best strategies..

 

[dbphoenix]

Here is the secret of trading success.

Prices go up or down.

When prices are going up, buy with a stop.

When prices are going down, short with a stop.

Exit for the first of a loss or a reasonable gain which will generally be a multiple of your risk.

Most people cannot do the above consistently, for purely psychological reasons.

Only partly psychological. Many people have trouble distinguishing between up and down, hence the indicators.

 

[rallymode]

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.

It's quite silly to claim that many edges are impossible to degrade but let's get beyond that for a minute. Do you have information on how detailed their "full disclosure of their entire approach" is? Certainly the general public will find it hard if not impossible to replicate a strategy but many successful traders or firms will replicate such "detailed edges" quite easily. Surely they can afford to pay the monthly fee and catch a glimpse into that edge, no?

 

[sle]

It's quite silly to claim that many edges are impossible to degrade but let's get beyond that for a minute.

In my book, edge is something that is unique to a seat. E.g. a market maker has client flow, that's his edge. Corporate derivatives trader has acess to financing and can take down size (layoff trades), that's an edge. Retail participant has no overbearing risk management regulations, that's an edge. These things persist for a very long time. Everything else is a temporary dislocation - it could take years to correct or seconds, but it will be gone. In short, no free/cheap lunch will last forever unless you are specificailly positioned to grab it.

Do you have information on how detailed their "full disclosure of their entire approach" is? Certainly the general public will find it hard if not impossible to replicate a strategy but many successful traders or firms will replicate such "detailed edges" quite easily. Surely they can afford to pay the monthly fee and catch a glimpse into that edge, no?

I serioously doubt there is any sane trader that would give up a good statistical opportunity for free or even for a fee. People spend huge amount of time and effort dissecting other peoples trades to get a glimse of their strategies. There is a reason I never go beyond the general ideas when I talk about the stuff I do.

 

[stock777]

It's quite silly to claim that many edges are impossible to degrade but let's get beyond that for a minute. Do you have information on how detailed their "full disclosure of their entire approach" is? Certainly the general public will find it hard if not impossible to replicate a strategy but many successful traders or firms will replicate such "detailed edges" quite easily. Surely they can afford to pay the monthly fee and catch a glimpse into that edge, no?

Their approach is mostly towards new suckers. Much like many of the postings on et

 

[rallymode]

I serioously doubt there is any sane trader that would give up a good statistical opportunity for free or even for a fee. People spend huge amount of time and effort dissecting other peoples trades to get a glimse of their strategies. There is a reason I never go beyond the general ideas when I talk about the stuff I do.

So we can safely assume that those two guys mentioned by austin are either insane or charlatans.

 

[newwurldmn]

In my book, edge is something that is unique to a seat. E.g. a market maker has client flow, that's his edge. Corporate derivatives trader has acess to financing and can take down size (layoff trades), that's an edge. Retail participant has no overbearing risk management regulations, that's an edge. These things persist for a very long time. Everything else is a temporary dislocation - it could take years to correct or seconds, but it will be gone. In short, no free/cheap lunch will last forever unless you are specificailly positioned to grab it.


I serioously doubt there is any sane trader that would give up a good statistical opportunity for free or even for a fee. People spend huge amount of time and effort dissecting other peoples trades to get a glimse of their strategies. There is a reason I never go beyond the general ideas when I talk about the stuff I do.

http://www.businessinsider.com/reme...one-promises-you-an-amazing-investment-2014-3

 

[austinp]

So we can safely assume that those two guys mentioned by austin are either insane or charlatans.

yes, might as well go with that. Nobody here has ever heard of them, nor have either documented multi-millions earned from trading. Forget I ever mentioned it at all.

 

[austinp]

First, you are talking about guys that you have to pay in order to learn.. Sellindexvol66
was talking about giving away winning strategies online for free..

"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..."