I have discovered the edges of trading masters online

T

Tiney Winey

Here are some of their edges "I'll be your trading mentor for karma but for a small fee", "I've been around since the 60s, pay me to sing some tunes in person", "I'm a trading contrarian dude that tells it like it is, pay me to join my forum", "I drive a Hyundai because I'm really rich, buy my book", etc. Unfortunately, these edges only work for them.

I briefly had the pleasure of speaking with one of their secretaries. I thought I was in a Grey Poupon commercial, and I couldn't stop laughing. I had to hang up the phone out of respect.
 
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Did you ask why the mentor wants to teach?

He should use his edge and earn tons of money by trading.
 
Tiney Winey said:
They tell you just enough to afford blaming your psychology. Their reasoning for teaching is the usual donkey droppings, esprit de corps or altruism.
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Altruism?
Continue to prod further about it.
Call the mentor and ask him what other acts of altruism he has done.
Some humans are by nature helpful and some cunning.
 
Tiney Winey said:
Here are some of their edges "I'll be your trading mentor for karma but for a small fee", "I've been around since the 60s, pay me to sing some tunes in person", "I'm a trading contrarian dude that tells it like it is, pay me to join my forum", "I drive a Hyundai because I'm really rich, buy my book", etc. Unfortunately, these edges only work for them.

I briefly had the pleasure of speaking with one of their secretaries. I thought I was in a Grey Poupon commercial, and I couldn't stop laughing. I had to hang up the phone out of respect.
More...
Good Evening Tiney Winey,

LOL HAHAHAH this is a very good laugh.

Yes or something like this

Trading Seller "Pay me $5,000 so I can teach you how to make money trading"

Trading Customer "Sir, I paid you $5,000 but I am still losing money, and not doing very well"

Trader Seller says this to the Trading Customer:

1. You need to be discipline trader, Buy this book to help with your discipline
2. Start journaling ALL trades so and review you trades at the end of the day and see what you are doing wrong. Buy this journal software to help you.
3. You need to learn what a trading range is and how to trade it. Buy this book so you can learn how to trade trading ranges
5. This is a business of law of large numbers, there will be losses and winners
6. Stop over trading
7. Stop revenge trading
8. You need to back test.

and on and on and and on All Bullshit and lies.

Anyone selling trading education or selling products to teach you how to manual trade day to day is a Scammer and Liar and trying to get rich from your money , QUICK.
 
Essential characteristics:

  • Discipline: This is the cornerstone of successful trading. It involves adhering to your trading plan, managing emotions, and avoiding impulsive decisions.
  • Patience: The ability to wait for the right opportunities and avoid overtrading is crucial.
  • Risk management: Implementing well-defined risk management strategies is essential to protect your capital and limit potential losses.
  • Continuous learning: The financial markets are constantly evolving, so continuous learning and keeping your knowledge base updated is crucial.
  • Objectivity: Maintaining a detached and objective viewpoint is critical to avoid emotional biases influencing your trading decisions.
Building your edge:

  • Develop a personalized trading strategy: This involves thorough research on various trading approaches, understanding your risk tolerance, and crafting a strategy that aligns with your goals and preferences.
  • Master technical analysis: This involves studying price charts, indicators, and patterns to identify potential trading opportunities.
  • Fundamental analysis: While technical analysis focuses on price movements, fundamental analysis considers underlying economic factors, company financials, and industry trends to gain a deeper understanding of the market.
  • Backtesting and Paper trading: Test your trading strategies and theories on historical data or through paper trading simulations before risking real capital.
  • Journaling and review: Regularly record your trades, both wins and losses, and analyze them objectively to identify areas for improvement.
 
General overview of types of trading edges that traders commonly seek and exploit:

  1. Trend Following: This strategy involves identifying and trading in the direction of established market trends. Traders look for assets that are consistently moving in a particular direction and aim to profit from continued momentum.

  2. Mean Reversion: Mean reversion traders exploit the tendency of prices to revert to their historical mean or average after periods of deviation. This strategy involves identifying overbought or oversold assets and taking positions to capitalize on the expected reversal.

  3. Momentum Trading: Momentum traders focus on assets exhibiting strong price momentum, whether upward or downward. They aim to ride the trend for as long as possible, often using technical indicators to identify entry and exit points.

  4. Arbitrage: Arbitrage involves exploiting price discrepancies between different markets or instruments to generate profit with minimal risk. This can include strategies such as statistical arbitrage, where traders identify mispricings between related assets and trade accordingly.

  5. Event-Based Trading: Event-driven traders capitalize on market-moving events such as earnings announcements, economic reports, corporate actions, or geopolitical developments. They analyze the potential impact of these events on asset prices and take positions accordingly.

  6. Quantitative Trading: Quantitative traders use mathematical models and algorithms to identify and execute trades. These models may incorporate various factors such as price movements, volume, volatility, and other market data to generate trading signals.

  7. Sentiment Analysis: Sentiment traders analyze market sentiment and investor psychology to identify trading opportunities. This can involve monitoring social media, news sentiment, or other indicators of market sentiment to gauge investor behavior and sentiment.

  8. Options Trading Strategies: Options traders employ various strategies such as option spreads, straddles, strangles, and butterfly spreads to profit from changes in volatility, time decay, or directional movements in the underlying asset.

  9. Seasonal and Cyclical Patterns: Traders may exploit seasonal or cyclical patterns in asset prices, such as recurring patterns based on the time of year, economic cycles, or other recurring factors.

  10. Pairs Trading: Pairs traders identify related assets that historically move together and take long and short positions to profit from the relative price movements between the two assets.
 
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