Elephant in the Room

[segv]

Quote from FaderTrader:

I've been reading the threads on these boards and have a feeling that the overwhelming majority of people on here lose money because they aren't using the right software.

Would you please elaborate on the software platform you are using? What qualitative features of the platform do you think give you an edge? What quantitative features give you an edge?

Reading the tape for me is my saving grace as it increases precision at least 10-fold.

What are you comparing your performance to, and how exactly does it constitute a "10-fold" improvement? How do you know that your returns are not due to luck alone rather than your "tape-reading" method? Please elaborate.

Can any experienced traders share if they too think that the negative feedback on here is from rank amatuers using crappy platforms who give thier money away to people like me who can simply see deeper and act faster?

I think that the majority of negative posts can be attributed to the fact that many traders lose money. The fact that those traders lose money likely has little to do with software, and more to do with risks, costs, capital, and psychology.

Since joining this forum and reading these threads, I've gotten the impression that I'm either really lucky or really good - when in reality, I think I'm just an average trader (hence, I'm here).

Average as opposed to what? If I take your statement literally, then you believe that you are in the 50th percentile of all traders, professional and amateur. If that is the case, do you anticipate that your wealth will eventually erode from the inevitable trade with those in the 95th percentile?

But still, some people on here just seem to be clutching to pure fantasy. Maybe they don't know what's available to them?

Again, I would be very interested to learn about the software you are using, and the particular characteristics of that software that affect your bottom line.

-segv

 

[whitster]

exactly my point.

it's not the platform

hint : there is no magic indicator either

 

[cgoodwinca]

Noone says anything at all that is concrete, helpful, insightful.

I doubt serious long term money is being made consistantly

due to the quality of posts. What is the point in this thread???

 

[StacyTrader1]

I don't think software is the reason most people lose money,

I think not discovering, honing, then exploiting an edge is the main reason.

Couple that with the infinite other qualities a trader must have to be profitable.

Stacy

 

[GS19]

Right on, need to modify trading system as more information comes in.

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I don't think software is the reason most people lose money,

I think not discovering, honing, then exploiting an edge is the main reason

 

[bitrend]

Compare software as a weapon, strategy is the main reason responsible for win and lose. However, not using modern weapon as your opponent results a clear disadvantage.

Quote from StacyTrader1:

I don't think software is the reason most people lose money,

I think not discovering, honing, then exploiting an edge is the main reason.

Couple that with the infinite other qualities a trader must have to be profitable.

Stacy