How much edge is enough edge?
- Thread starter garchbrooks
- Start date
Wow haha... I laugh when I see people displace their anger on others... Making money is rather simple in the market. Here is what you do:
1. use any form of information/analysis at your disposal to create a trading plan. whether it is MACD or the commitment of traders report I don't care.
2. back test your strategy on years of data
I use (it's free):
http://finance.yahoo.com/charts?s=^GSPC
And:
http://www.timingcharts.com/index.php
3. if your strategy will win more then it will lose, then you will make money given you risk the same % of your capital on every trade.
4. get a broker and send some money to the broker.
5. trade your plan and never deviate from it.
Only 5 steps. Have a nice day.
1. use any form of information/analysis at your disposal to create a trading plan. whether it is MACD or the commitment of traders report I don't care.
2. back test your strategy on years of data
I use (it's free):
http://finance.yahoo.com/charts?s=^GSPC
And:
http://www.timingcharts.com/index.php
3. if your strategy will win more then it will lose, then you will make money given you risk the same % of your capital on every trade.
4. get a broker and send some money to the broker.
5. trade your plan and never deviate from it.
Only 5 steps. Have a nice day.