How did you come across your edge? Accident? Refinement of an idea? Taught?

[traderrn]

Mentor. I am still working my ass off just to tailor what he taught me to my psyche and trade it with D.

 

[SnakeEYE]

Quote from etile:

Follow sentiment, not price.

What did you mean by that?

 

[dwpeters]

Good question. A key part of my best strategy came from an idea from a forum post, and I have been helped greatly by a collaboration with a couple others, but most of what I do is based on my own research, extensive testing, experience, monitoring and evaluating actual trades.

Read a lot of books but have not put to use many ideas from them.

 

[SnakeEYE]

Some interesting thoughts here

Quote from megadon:

when in doubt get out

never let a position break cost

stick and move

fast money makes money

what did god give you hands for .......to take

i believe in the perfect trader

a trader is at economic war with the world

the only thing that makes a stock move up .....a buyer...down.... a seller

listen only to yourself..

once you make the money you will always have to fight to keep it

the market hates you and wants to kill you

if you buy a stock you better know more about it than the person selling it to you

create your own volitility and trade aganst it

the fakeout before ..the shake out ...before the breakout

land is gods ipo

trade all your ideas everyday

dont step in front of a moving train....or try to catch a falling safe

no losses ever....refuse to lose

create your own breakouts......

enjoy....m

 

[Mav88]

There was a cereal that had a free edge inside of every box. I am lucky because I only had enough money for 1 box and I chose that brand over another that had free green lantern rings.

 

[falcon]

Theres a guy I met who lost almost all his savings then got very depressed, he used what little he had left to rebuild only to lose it all. He re-mortgaged his place and sold everything and said thats it I will do everything opposite, kinda like what Costanza from Seinfeld. He started making money and has been ever since. Now he trades and educates, the most resilient person I have ever met.

 

[SnakeEYE]

Quote from falcon:

Theres a guy I met who lost almost all his savings then got very depressed, he used what little he had left to rebuild only to lose it all. He re-mortgaged his place and sold everything and said thats it I will do everything opposite, kinda like what Costanza from Seinfeld. He started making money and has been ever since. Now he trades and educates, the most resilient person I have ever met.

fooking funny biz,isn`t it?

 

[ammo]

kept looking at charts so long,that one had to eventually know where they were going,so a great edge is to know where it's going next,when wrong ,get out,when you don't know ,don't trade

 

[frostydc4]

Screentime, screentime, and more screentime.

 

[etile]

Quote from SnakeEYE:

What did you mean by that?

View the market in an abstract sense. It is perceptibly iperciptibble. formlessly formed. It's an amoeba. When you abstract the market away, the only thing left is simply you and your judgements. Determining if you are right or wrong. Price is irrelevant. I don't care about price. I want to be buying when others are buying and selling when they are selling.

Money is made by maximizing your rights and minimizing your wrongs. Price does not fall into that equation.