What I'm Struggling with - Execution of the Edge

profitlocker · Jul 17, 2016

Year to date, up 30% with 4:1 leverage. Minimum monthly ROI at 2% with no more than 3-5% total drawdown. Down months are always a possibility but generally unexpected.

IronFist · Jul 17, 2016

Palindrome said:
I would say the biggest struggle I have at this point, is the confidence in the edge's I have designed and created. (I mostly trade directional stocks and commodities through options and the underlying security. I trade some spreads on the SPX, but my real alpha is through directional positions in things that move, those are the edges I have issues with).

What I struggle with is confidence in my edges, and patience with them.

I've spent about 7k hours building edges, and like them very much. Just having a little bit of trouble executing them.

Anyone have any advice, sure this is a common issue out there.

Actually, I cannot relate to this at all.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=134171

Redneck · Jul 17, 2016

MarketAddict said:
Rn,

Are you sure edges come and go? I pretty much see the same thing happening month after month with the market.. Maybe our definition on having an edge could be different.. I believe if you combined "context" with a good "strategy" then you can be a good trader..

Hey MA

You ask such a wonderfully probing question..., then subsequently followed it with commentary reflecting how close to the brink of discovery you are..., to half of that which makes a complete trader

Sweet

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

I can answer you in a few summarizing sentences..., and remain pretty much within the OP's topic..., or lay it out

To lay it out would deviate from the OP's topic in some aspects..., so I would request his / her's permission to do so

Or I can PM Ya

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

Aside (and not really germane to your post MA)

I see some here are incredulous that a day trader is able to make money nearly every day

Yet those same folks cannot plausibly explain why it not possible

Keep on thinking that way - please

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

The key to making consistent money.., is knowing you will lose some..., and being always at peace with that

RN

d08 · Jul 17, 2016

profitlocker said:
Year to date, up 30% with 4:1 leverage. Minimum monthly ROI at 2% with no more than 3-5% total drawdown. Down months are always a possibility but generally unexpected.

So that's 6 months, try doing that year after year like southall mentioned. Most profitable traders can have a 6 month streak, none of them can have a decade long streak.

Palindrome · Jul 17, 2016

Excellent feedback to my original post. I greatly appreciate it.

I'm having a breakthrough year in trading, just trying to work out the kinks.

MarketAddict · Jul 17, 2016

Redneck said:
Hey MA

You ask such a wonderfully probing question..., then subsequently followed it with commentary reflecting how close to the brink of discovery you are..., to half of that which makes a complete trader

Sweet

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

I can answer you in a few summarizing sentences..., and remain pretty much within the OP's topic..., or lay it out

To lay it out would deviate from the OP's topic in some aspects..., so I would request his / her's permission to do so

Or I can PM Ya

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

Aside (and not really germane to your post MA)

I see some here are incredulous that a day trader is able to make money nearly every day

Yet those same folks cannot plausibly explain why it not possible

Keep on thinking that way - please

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

The key to making consistent money.., is knowing you will lose some..., and being always at peace with that

RN

A PM is cool with me..

Cswim63 · Jul 17, 2016

MarketAddict said:
Rn,

Are you sure edges come and go? I pretty much see the same thing happening month after month with the market.. Maybe our definition on having an edge could be different.. I believe if you combined "context" with a good "strategy" then you can be a good trader..

It's sort of like whether you are watching two featherweight fighters go toe to toe or two heavyweights. Most people want to see two heavyweights, and that's where the money is. There's always a chance you'll see something really big fall hard.

profitlocker · Jul 17, 2016

d08 said:
So that's 6 months, try doing that year after year like southall mentioned. Most profitable traders can have a 6 month streak, none of them can have a decade long streak.

Been active for 3+ years. I've had my struggles in the past, but as long as capacity allows, I don't see much change in performance using my techniques.

dealmaker · Jul 17, 2016

southall said:
Do you really think there are retail day traders who make money every month, year after year?

There are definitely retail day traders out there making money, month after month, year after year eg Navinder Singh Sarao....

Cswim63 · Jul 17, 2016

Do you have anyone in your family, grandparents, uncles, father, mother, cousins who are risk takers? Card players, speculators, small business owners, anything else that requires putting their livelihood on the line or just like to engage in games of chance? How do you view money? Is the money you are risking important to you or is it just like a chip in a poker game? Do you believe you can take money from the market, away from other traders? Are you OK with that?