Disliked.....My intension was to stir up a dialogue among readers on what can be considered an 'edge' from the above list of 'active ingredients' to enable personal and professional growth as a trader. I guess I failed in my attempt !Ignored
I would not say your attempt failed, I think you and Cam are clearly and dynamically heading the field with supporting Graemes logic and approach. My unreserved respect to you both (and all other who positively contribute).
Now, taking all the good things you and Cam have referenced in your last few posts as accurate and valid, I think there is an edge that application of this approach creates. For some it just required luck, for others it would have required persistence, but the end effect would be of having positions in the market sensibily and stacking when it all moved in the correct direction and grew. Graeme has talked about this and I simply reiterate his point that once a person experiences a growth factor similar to that he has shared as possible the mind reacts with "wow, did that really happen?". Once this has happened and 'if the individual is ready' then the penny drops and the psychology changes forever (I relate it to learning how to swim, once you realise how to do it then not swimming is not an option ... although you may decide to stop after one or two lengths).
I think you have also previously restated this so I feel a bit dumb stating it again!
What I mean is that the edge is the psychological belief gained via experience (which is how most beliefs are gained in life). I think most people have had the thoughts of "rats, I was right, if only my stop was not so close" .... "if only I had not panicked"... "if only I did not hover my finger over the mouse as I did not actually want to close the position even though I was thinking about it" ...etc. I personally think anyone who has spent a good amount of time studying what they are doing here 'knows' what they should be doing, indeed I would bet many knew what to do and confirmed they were right, but unfortunately after the event.
Really this is all basic stuff reflected in Mark Douglas' work and early Graeme posts. In trading fear really kicks in and experiencing a growth such as Graeme alludes to can either cancel out or supersede this fear. I call this emotional growth an edge, granted it is not a technical edge but there is enough technical gold edging given in this thread for the reader to choose an edge weapon of choice, this one is a psychological ah-ha that I hope you don't mind me relating to here?
You know my trading approach is not aligned by default with this thread, however you also know I am a keen follower of the thread, indeed I have been practicing this approach in parallel to my % target method for many months now.
I always enjoy your contributions to the thread.
Take care.
wash, rinse, spin . . . repeat