DislikedIt has taken me personally 10 years, 1000's of dollars, a marriage, etc... to become profitable.Ignored
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
Don't wish it were easier, wish you were better. ~ Jim Rohn
An Edge for an Edge (System Development) 113 replies
What do you thing is your edge? 5 replies
Improving Your Trading Performance: The Single Most Important Step You Can Take 13 replies
The most simple thing you could ever do. 0 replies
The most difficult thing? 20 replies
DislikedLets say that we solve all the problems with traders psyhology and money managment. Lets say money managment is perfect and the trader is trading like a robot. Knowing that trading is just a probability game and not having problems accepting losses.
Than to make a profit he still needs to have an edge. Just like casino has an edge and it doesnt care if someone wins a jackpot once in a while.
So where excatly is an edge in trading??
1) Technical analysis doesnt work! All indicators are lagging and produce random results due to the fact that...Ignored
DislikedI'm not going to tell you where my edge is other than the fact that I let the market (the real market) tell me where the opportunities may lye.Ignored
DislikedThe "real market", eh? Oh I like that agent Mulder, sure, sure, the truth is out there....
http://www.youtube.com/watch?v=JDZBgHBHQT8Ignored
DislikedI think most beginning traders are brainwashed in a way with this definitive thought process that wants to systemize everything and define every word so it fits neatly into a little box. I guess it's just the way we're taught to think. This is where IMHO most of the tail chasing begins.Ignored
Dislikedlol - Actually no, the truth is not out there and you're all screwed and the markets are all rigged, if that's what you wanted to hear.
I mean as in the real world, not just the world confined to an MT4 chart. That's just what helped me personally break the mold I was stuck in a long while ago.
I could honestly write pages on this thread topic but why would I? Ask a broad question and I guess you get a broad answer. Take from it what you wish.
haha I liked the X files touch there lolIgnored
DislikedI think most beginning traders are brainwashed in a way with this definitive thought process that wants to systemize everything and define every word so it fits neatly into a little box. I guess it's just the way we're taught to think. This is where IMHO most of the tail chasing begins.Ignored
Disliked
My advice to new traders on forums: don't listen to ANYONE that only talks in absolutes, because there are none.
Hmmm....maybe I'll start my own thread one day....Ignored
Dislikedeverything a person ever does is a form of system. we don't just randomly do shit for no reason. cause and effect!
the problem is when muppets want to associate the effect to some retarded bullshit cause. cutting the bullshit and discovering the real cause.... ie EDGE... is not folly.
no really, ask me if i want my palm or tea-leaves read!Ignored
DislikedWell yeah you can confuse it like that if you wish.
Here we go Nubcake I can see your mouth watering at the chance to start another pointless debate so I will stop here and agree that yes my post was broad and perhaps contradictive (not a word?) in a technical way but those are just my thoughts.
Go ahead and find all the negatives in it. Or perhaps you could search a little further and find something positive in it. The choice is always yours.Ignored
DislikedI swear to God, if playing this game threatened my family I'd ditch it in a heartbeat.
Sounds like you're an addict. Get some help.Ignored
DislikedNet Profit : $423,396
Maximum drawdown: $78,195
A trader trading only 4 contracts per trade could have made $102,641 a year during 16 and a half years with this simple Bollinger Band system.Ignored
QuoteDislikedI can post the backtest of other profitable technical indicators(Macd, Cci, etc...) but what's the use.
DislikedWell, no wonder you can't get anything to work...it looks like you just put indicators on your chart until it won't fit any more. You need to at least have the indicators using the same period....and would probably be good if you knew what each indicator actually meant.Ignored
Dislikedreres... is that your chart setup ?? The S&P 500 chart.... cause if it is, I can totally see now why you feel that TA and anything to do with it is completely worthless. That right there aint how it's done IMO. That's just indicator paralysis. (Of course, if it works for you, great - but I'm guessing it doesn't)
You know, it's OK to abandon previous beliefs. No shame in becoming open to new ideas. When you're ready, we can all set aside the trash talk, and even begin/resume some meaningful discussions..... When you're ready.Ignored
DislikedLol no thats not my setup. Thats some pic from google. I was just pointing out to jag1966 how absurd his trading indicators look like. Anyway...this thread should be going in the right direction from now on.Ignored
Dislikedeverything a person ever does is a form of system. we don't just randomly do shit for no reason. cause and effect!
the problem is when muppets want to associate the effect to some retarded bullshit cause. cutting the bullshit and discovering the real cause.... ie EDGE... is not folly.Ignored