What is the edge in your trade?

volpri said:
going long at the bottom of the range is acceptable and I do that. I could have even shorted at the top of this range. But stop. Think about it. It would be riskier shorting the top of the range (which I do quite often under different contexts). Why riskier? What if that extreme overnight bullish context continues? But the odds favor any drop will be recuperated.

Now back to going long at the bottom of the range. That is a fine strategy but one must always keep in mind the longer the range expands horizontally the odds become less and less that a successful BO or move up to the top will have (even in a strong context like this. Why? well if bulls were still strong it would be going up in this strong context). The range is becoming longer and longer and more likely a successful BO at the bottom will happen. Why? Well bull channels tend to BO (when they do) out of the bottom side and time increases that probability.

See odds are higher to play the shorting the top of the range the longer the range expands horizontally. But if one can get in on the very EARLY stages of a range then going long even if prices moves against one at first gives good odds in such a strong context the trade will be successful. Especially in a strong context.

I know this may seem confusing but think about it. I got in early long 7 contracts as a range was forming, if I had done this way later Odds favor I could get burn’t. Burn’t, that is, going long from the top of a range that has been going on for several bars. Better to short in such a case from the top of the range. My brain is fried. Gotta stop. Bye.
More...
listen jr. none of what u do is confusing to anyone. why do u talk down like ur so smart
 
Whether you like it or not, Dest was on two of the best shorts in the last 12 months: TSLA and NFLX. I don't know why people give him shit.

Just TSLA and NFLX shorts alone were enough to make 40% returns this year. Think about that while you scalp little shits here and there.
 
MrMuppet said:
Honestly,

I haven't read so much BS in a single thread in a long time. Price action is not an edge it's a tool.

My edge: I know the price of an asset better than other participants in the markets I trade. I create synthetic assets that mimic the prices of the original ones or their constituents and use them as a timing tool to trade the original markets.

i also exploit regulatory restrictions and trade markets others cannot.

It's very niche and that's why it works
More...
Apparently you can’t tell good sh?t from bullsh?t. I think yours might be the one that starts with the “B” LOL.
 
nooby_mcnoob said:
Whether you like it or not, Dest was on two of the best shorts in the last 12 months: TSLA and NFLX. I don't know why people give him shit.

Just TSLA and NFLX shorts alone were enough to make 40% returns this year. Think about that while you scalp little shits here and there.
More...
lol. who cares and those werent the best shorts. how do u define best? % drop? jmia dropped more tilray..i mean cmon calls are nothing. you need to trade it. one day we will have a virtual trading floor..then we can separate men from boys
 
nooby_mcnoob said:
Whether you like it or not, Dest was on two of the best shorts in the last 12 months: TSLA and NFLX. I don't know why people give him shit.

Just TSLA and NFLX shorts alone were enough to make 40% returns this year. Think about that while you scalp little shits here and there.
More...


My Sep SPX short was life-changing (for me). They "give me shit" because they're frauds. Blotter? lol these hacks photoshopped the moon landing but they can't be bothered producing a blotter with a gain. Why is that?

https://www.elitetrader.com/et/threads/the-spx-has-hit-a-cyclical-top.325108/

$2MM all-in on TSLA. My front-end posted in realtime here... news time stamps matched the post time to the minute.

They can produce today's chart with scribbled buys and sells tho.
 
Last edited:
You must log in or register to reply here.
Back
Top