That's how you pick entries and exits. There is no edge in that. Everyone is able to do so.
Prudent Risk Management Is The Only True Edge In TRADING
- Thread starter Buy1Sell2
- Start date
Recent ET profitablity polls show ET traders are 90% profitable...thoughts?
How many are posting with real time calls?
Not many if any
Like I said, this all feels like semantics. What is the accepted definition of risk management?
I can call a calculated investment in materials and workers risk management. I am staking an investment with a timeframe and a profit target.
Walking down the street to the deli for a sandwich is risk management. I'm investing my time and energy for a payoff. If the deli is closed, my sandwich is out, the risk.
People who post realtime can proof they are profitable. If they don't post they are not profitable? What's the logic?The second reflection is not correct.
I don't know of any successful trader from the books "Market Wizards" that made realtime postings. Although it is clear that many of them were successful. But as they don't post realtime you consider them as losers?
Traders don't post realtime trades, idiots do.
Why do you have to "pick" entries? If there's no edge to it, just do random entry...would that work for you? Have you ever done this before?
I think many traders on ET would disagree that "everyone" is able to pick good entries and exits. If you have to use indicators to construct a setup, then it sounds like you would be blind without them? They must have some sort of edge to your setup or "necessity" to it.
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