How long did it take you to find your edge?
- Thread starter MaritimeCanuck
- Start date
I agree my t/a edges are hard to scale up. which is probably why they can still be found.
lets say it as it is:
there are edges and there are EDGES
to get rich you will need EDGE.
Edge will only make you marginally profitable and is a trap. Also, try to scale up with these TA generated edges
to quote another trader: "the only edge in the markets is Front Running and Insider Trading, both illegal" for the rest of us the EDGE is DISCIPLINE to follow your plan and being able to cut your Losses when you realize your trade has failed and to let your profits gain while adding to them when you can. And the thing about this profession like any other profession, to become good to great at it, you need to actually do it, over and over.
Get to work!
Get to work!
lets say it as it is:
there are edges and there are EDGES
to get rich you will need EDGE.
Edge will only make you marginally profitable and is a trap. Also, try to scale up with these TA generated edges
you mean you have had trouble getting set in the equity indexes and some currencies that are trending.....holy cow you must be huge!
All jokes aside - I tend to agree.
The worst fricken thing in the world has been the idea of an 'edge' especially for retail traders.
Most firms who have a true edge do so because they either get to buy at bid, sell at offer, have rebates or far smaller commissions, issue the instruments and control the flows etc;
2 cents ----
What advantage retail has is simple - no one is forcing you to trade. Its entirely up to you when to press the button. The edge is in waiting for the right opportunities.
(which of course you have thought about, tested and have shown that while there is no edge, the risk rewards for it are such that it makes sense)
Well said.
Other examples of edge: inside information (not necessarily illegal) or favorable financing/capital margin rules, better market access.
Edge reduces the need for a smart trader. It makes making money easier than for others.
Warren Buffet has an edge: he gets looks that no one else gets. He earned the edge through his reputation that he built over time.
Large investment banks have an edge as they have all the advantages above. It's how they can go entire quarters without a single losing day.
High frequency firms had an edge because they got access to market information before others.
Pattern recognition and a strategy aren't an edge.
The other advantage retail has is that it's unlikely they will get redempted.
+100
People who put down 'edge' have no business trading. How the hell else do you expect to win in the markets? Magic?
Edges are real. Sucks if you don't have one but that doesn't entitle you to crap on other people's real edges.
naah, not huge. I believe same TA strategy using 2 contracts will not work using 20. 20 is not huge anywhere but this size is necessary to make living wage in west. if you can make 100k pay in 8 hours working regularly then one should gun for 200k pa+. And for that 20 contracts or more is required to roll.
And of course great edge.
come on, can you realzie it is wrong or your trade failed?
there is no failed trade in the world, only failed traders.
traders fail themseves.
you will never be right since the market walks not precitably. buy dip, dip continues. sell pop, pop keeps on. buy rally, rally peaks. sell drop, drop bottoms up.
DO NOTHING is the most deadly weapon. Most people see adversary as blocks, they could not resist doing something when the market is running.
when they see RED, they dump their holdings. that is not discipline. traders need think and operate under fire. under noisy market, even you are deadly wrong, you still breathe and be clam normally, think clearly, that is called discipline.
when they green, they are illusioned to think they get the edge, they are just finger tip of overnigt rich. that is not discipline. coldness like fact is discilpine.
why do not reflect, each trade you did, I bet most 99% will be profitable if you are truely discplined!
there is no failed trade in the world, only failed traders.
traders fail themseves.
you will never be right since the market walks not precitably. buy dip, dip continues. sell pop, pop keeps on. buy rally, rally peaks. sell drop, drop bottoms up.
DO NOTHING is the most deadly weapon. Most people see adversary as blocks, they could not resist doing something when the market is running.
when they see RED, they dump their holdings. that is not discipline. traders need think and operate under fire. under noisy market, even you are deadly wrong, you still breathe and be clam normally, think clearly, that is called discipline.
when they green, they are illusioned to think they get the edge, they are just finger tip of overnigt rich. that is not discipline. coldness like fact is discilpine.
why do not reflect, each trade you did, I bet most 99% will be profitable if you are truely discplined!