Successful traders are successful because they know that as long as the drive-through is open there will be a lot of traffic. That's really all there is to it.
An Edge for an Edge (System Development) 113 replies
Why your broker is your friend and your enemy 4 replies
How do you gain, and measure, your trading system's statistical edge? 29 replies
What's your edge? 23 replies
DislikedI think the link between "giving people what they want" and "finding an edge" isn't direct. The foreign exchange markets exist so that capital can enter / leave countries freely... understanding when and why this happens can be part of your edge. This is completely true, but Scotty could very well be intending a different slant on it.Ignored
DislikedSuccessful traders are successful because they know that as long as the drive-through is open there will be a lot of traffic. That's really all there is to it.Ignored
Dislikedbeing a one time forex option,s trader , scalping gamma and gamma ,, always using spreads , , long and short at the same time , well forget using option,s , , spot is where it,s at for me ..
so basically thats my edge , and i also understand now why your benevolent government took away trader,s hedging ability ,,, it is one powerful way to make money ,,,
peace
hemp
Auk,Chicchan,AhauIgnored
DislikedCouldn't a historical pattern, out of all the millions of possible statistical patterns, which shows a success rate of ~60% merely be a random occurrence? It most certainly could. And just as importantly, what's to stop you jumping from pattern to pattern which has just so happened to have a win rate of X% until your whole account has said "Hast La Vista, Baby!"?Ignored
DislikedThat is why it is important to understand the reasons for the pattern to work. If you don't understand the why, then it really might just be a random occurrence.Ignored
DislikedSeems to me most of the "traders" that posted here didn't understand OPs intentions. It is not the question "what is the edge" that interests him, but "what is your edge". In all do respect I think thats the main reason why such threads, pardon me Davidee, die way before anyone gets anything useful out of them. We have a few professional traders around, but having such way of putting the puzzle together, theres no doubts why we hear none/little from them. My post is not to criticize anyone because I am here to share my trading ideas and perhaps...Ignored
DislikedYes all true but is there any point asking "what is your edge?" I think it's a questions that attracts the "wrong crowd". I am of the belief taht anyone with a real edge that they had to search...Ignored
DislikedI am of the belief taht anyone with a real edge that they had to search and work for years to get is not one that will simply be given away on a forum.Ignored
DislikedDavidee,
Having read three of your articles, including the one you linked to in your opening post, I have to applaud you on your obvious dedication to what you're doing. Having said that, I have a few issues with some of what you write.
I'll quickly start with your opening post. You state that the three edges you know of are trends, Support and Resistance, and Momentum. I would call these things features of a market, but would have trouble calling them edges because I see no inborn futurity to these these things on their own. What is the probability...Ignored
DislikedAn edge in discretionary trading (if we do not consider insider information), is having those qualities that the least people have, and the most have difficulties in developing:
freedom of thinking, patience, wisdom, non-attachment, discipline.Ignored