hmm.no edges in the markets

[marketsurfer]

Quote from sheda:




You will never have an edge with price drivers due to your inflexible pychology and erratic trade managment, find a consistent trader and learn how its done. Your price drivers seemed to break down the other week but everything needs a tweak..tweak tweak!

I have many personal flaws. Some of which work against me in the market. I'm well aware, but thanks for the reminder.

surf

 

[sheda]

You accept them as personal flaws, I veiw them as ingrained behavioral responses, no ones first words in life were hit the bid, its just learned and can be changed..good luck

Quote from marketsurfer:

I have many personal flaws. Some of which work against me in the market. I'm well aware, but thanks for the reminder.

surf

 

[tobbe]

Quote from nitro:

What am I doing wasting my time. Whatever.

This from a guy that asks programming questions on a traders forum.

You're as opinionated as is Marketsurfer. Interesting that you both took the blue pill.

 

[Swan Noir]

Although it is cetainly not easy to change ingrained behavior, I agree with this attitude completely. No one can afford to think any other way.

Quote from sheda:

You accept them as personal flaws, I veiw them as ingrained behavioral responses, no ones first words in life were hit the bid, its just learned and can be changed..good luck

 

[marketsurfer]

With a real edge, personal flaws are irrelevant. If its skill, then I agree but skill isn't edge

 

[NoDoji]

Quote from marketsurfer:

With a real edge, personal flaws are irrelevant.

Real edges are a dime a dozen. Personal flaws are why 99% of traders who have one in their sights are unable to profit from it.

That said, with the absolute edge of the casino (the broker), personal flaws are fairly irrelevant (unless the broker commits a big no-no).

 

[sheda]

Quote from marketsurfer:

With a real edge, personal flaws are irrelevant. If its skill, then I agree but skill isn't edge

Real edges as defined by you are but a fairy tale for the majority of the population, who for the most part start alone at home with zero knowledge. You are a prime example of why chasing an edge, as defined by you, is actually damaging. Decades in the market, countless connections and you your self admit you can not replicate the edges you have been smart enough to recognize.

The market and the methods to systematically drain it must be open to all, no one here need care about edges as defined by you. Great if reachable but for 99.9% they are not and never will be. Yet we have a universe of infomation and tactics that cater for everything from a single futures scalper to those operating hedge funds. good times.

 

[marketsurfer]

99% will never make it and 90% will never understand why as they keep flogging dead methods that worked once maybe.

Here's an easy exercise-- ask Don Bright if real edges are a fantasy. I know in the past bright taught real edges. surf

 

[d08]

Quote from nitro:

It is a cult. Imagine how much $ they make, that they have to spend all their time on the internet convincing others of it.

I don't know about you, but if I was making gobs of money from something, I might help out someone here and there and let them know that there is gold to be found, but more likely I would probably be traveling the world, playing golf, reading, dating, driving fast cars, spending time with my wife/kids, instead of endlessly debating that something works or doesn't to anonymous people on the internet, for free no less, who I don't give two shits about. But people want to believe in fairy tales, so beginners flock to threads like this like flies to shit.

If it works, it is obvious it does. If it isn't obvious that it works (above random) you are being taken for an intellectual ride. Every beginner has to go through it though because few of us know who to really listen to and can't apply simple common sense to it all.

So this thread will go on for another 200 pages, and hundreds more will spring up like it in the future. I know, I have been here for twelve years hearing the same bullshit from the same people, or with new handles.

Is there value to TA and PA? Of course there is. But it is not even remotely an edge. What are examples of an edge? Market Making where you are making the spread, arbitrage where the entry almost guarantees a profit. Relative value where statistics bare out over a higher time frame. etc, etc. Almost all of these are played by hedge funds or institutions. TA or PA are things you do AFTER you enter with an edge to try to maximize that gain or contain a loss. I have seen [but never tested myself] a couple of strictly TA/PA patterns that are uncanny and appear to give some statistical edge on entry, but I have rarely seen it discussed on ET.

THINK FOR A SECOND: If I could make all this $ with TA/PA, why do the true players continously spend fortunes trying to shave off MICROSECONDS of their datafeed handlers and execution gateways? Are you kidding me?

You almost create this superhuman category of "true players". They're human, they've perfect THEIR edge in the markets and that does not mean they know every other edge there is.
There are size limitations on what you can do, what most retail traders do, billion dollar hedgies probably couldn't without affecting the price. The microsecond traders/systems require a gigantic capital backing and it's out of reach for the usual retail people and is probably much better simply due to the fact that they can execute millions of trades per day - tiny profits add up to a lot. Do you think a big hedge fund would care if you have a strategy that could make $200k per year? they most likely wouldn't bother with it.

 

[sheda]

Quote from marketsurfer:
Here's an easy exercise-- ask Don Bright if real edges are a fantasy. I know in the past bright taught real edges.surf

Real edges as defined by you are but a fairy tale for the majority of the population, as are private jets and super yatches, yet they remain very real its just they touch only the hands of a select few and if every one were to obsess over and aim for something they could never reach, they are not going to build the skill set to achieve what they are capable of because they are taking the wrong road.

I can't replicate their edge but am smart enough to recognize it.

Again, if you after decades of expereince in the market can not replicate an edge, with all your connections, resources and what not, you are operating without an edge, as defined by you, then to the average joe its nothing more than an unreachable fairy tale.

99% will never make it and 90% will never understand why as they keep flogging dead methods that worked once maybe.

And..