Quote from traderkay:
finding an edge is not simple. because:
1) reluctance to share "edges" (or even methods of finding one) by successful traders
Hypothetically speaking: For those who know anything about Richard Feynman here is an idea you should appreciate.
What if "sharing edges" itself became the edge? Let's say we start a thread/think tank from which a system is designed, which would not work if applied independently, but would work if applied in harmony. This system would likely need to correct market inefficiencies created by a specific group or entity, e.g. mutual funds, and more specifically, prey on a certain quality of, in this case, mutual funds (e.g. inability to quickly enter and exit positions).
Consider this - despite our inability to move the market as individuals, as a group we yield tremendous power. We could, without fear of legal or moral repurcutions, make tremendous profit. Such things have been tried before but only by a select few individuals with a great deal of wealth. The first dynamic of my proposal is the ability for relatively poor traders (as compared to the likes of Fidelity, Soros, etc.) to exert great force. The next essential aspect is the quickness with which we can move. The internet enables us, via chat rooms or whatever, to plan and rapidly execute coordinated market plays.
Let me simplify,
As a cohesive group of individual traders we could:
(1) Attain the resources available, until now, to only a select few
(2) Move in and out of markets with relative ease
Any thoughts?