My nq price action method

[Redneck]

you had mentioned "edge" in a number of recent posts, for example:

"A true edge never cease working."
"A true edge works in any PA environment."
"Lost count of how many "so called" edges have gone the way of the dinosaur."
"... edges are a dime a dozen"

So a true edge is not a "so called" edge?
For edges that are a dime a dozen, are they true edges or "so called" edges?

I know you value psychological aspects of trading above all else but can you elaborate on how one should go about looking for an true edge, how to distinguish between a true edge and a so-called edge and any other further thoughts regarding the development of the edge.

The short answer;

Each trader's true edge...., their only real edge - resides within that trader

===================

Many countless hours are spent trying to find a better setup(s)..., indicator(s)..., more..., better..., faster information

But as the mkt..., each trade's outcome - is uncertain..., and uncontrollable

What does more..., better..., faster really gain one

Instead..., work on fully accepting - then becoming completely comfortable..., fully functional..., and efficient - operating in a completely uncertain environment

In an environment where the only control one has - is over their self..., their actions

This will change one's entire perspective of the mkt..., and of trading (not to mention their perspective on everything else in that person's life)

Thanks in advance and happy holidays.

Thank You - and Happy Holidays to You!!!

PS: Your post on uncertainty is one of the best piece of writing I have ever seen on ET

Thank You - but please be mindful - simply the musings of a dumbass redneck

How does one develop such trading insight?

I am simply a by product of experience


I have lost every conceivable way (I think) I can..., or could ever envision

I have even lost - when every bit of external information said I should win
(went long SKF on a Thursday..., held over night into a Friday..., gov outlawed shorting financials that same Thursday night)

Go figure

If I ever claim to be expert on anything trading related - it would be an expert on what doesn't work

Would also appreciate if you could further elaborate on how one can take fully advantage of the uncertainty. Thanks.

Work on fully accepting - then becoming completely comfortable..., fully functional..., and efficient - operating in a completely uncertain environment

And in an environment where the only control one has - is over their self..., their actions

It'll make you bullet proof

Bullet proof does not in any way mean you will no longer have losing trades

It means - losers / winners / whatever the mkt dishes out - no longer has any effect on you..., or your trading

It means you are in complete control of your self..., and your actions

And it means you are at peace - with all of it

Thanks.

You're Very Welcome

RN

 

[ubo]

Thanks Redneck for taking your valuable time to answer the questions.

 

[slugar]

I wanted to wish everyone on et a Happy New Year! A big thanks for all who have helped me on my quest to be a profitable trader. Handle, Webtrader, Ammo and No Doji have been a huge help to me. A very special thanks to my good friend Redneck for sharing his knowledge and support with me this last year. Thanks everyone!

 

[Redneck]

Slugar,

May you and your family enjoy most excellent health

May you follow your routine(s) without fail

May each loss be small.., painless…, and embraced willingly

May each win be accepted with humbleness

May the crop reaped from past efforts sown…, be abundant

And may contentment …, joy…, prosperity...,and peace…, forever call your heart home


That…, or


Happy and Prosperous New Year to You and Your Family Slugar



RN

 

[Redneck]

Slugar had planned on going live next week

This has been delayed at least a week

========================


Publishing the why is Slugar's business should he decide

But a piss poor friend I would be..., if I stood idly by while he committed trader suicide



Slugar

Feel free to cuss me out if you so wish..., but then - get to fixin the issue

RN

 

[slugar]

The truth is I traded live today and realize I'm not ready. The stress really got to me and I made some decisions I hadn't been making on the sim. So my good friend RN has advised me to take a little time off

 

[Redneck]

RN has advised me to take a little time off

Let me be perfectly clear

I am not advising you to take time off (little of otherwise)


I am insisting you delay going live by 1 week (something you want so badly - you went live prematurely)

I am insisting you demonstrate the discipline - to not do what you want..., rather..., to do what you must

By utilizing the exact same discipline it takes to trade properly

To be disciplined..., we must do that which requires discipline

===========

We are developing our self into a trader..., with a trader mind set

===========

Should this happen a next time..., it'll be 2 weeks..., then 4..., then 8

Till you're fed up

RN

 

[jsmacksem]

The truth is I traded live today and realize I'm not ready. The stress really got to me and I made some decisions I hadn't been making on the sim. So my good friend RN has advised me to take a little time off

Good job slug. Good friend you got there.

A friend I know advises the same when I was trading blind. I know you're not trading blind, and what a great exercise in discipline by waiting.

I really hope you find your "base line", belief in uncertainty, and confidence.

You know a lot and keep it up.

-JS

 

[athlonmank8]

Why I always say.... getting a good mentor is the only real edge in this game (and quickest way to success)

 

[Redneck]

A8,

You Sir are too kind

Thank You

RN