What is your secret and edge? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why your broker is your friend and your enemy 8 replies

An Edge for an Edge (System Development) 116 replies

The Secret: How to break through your psychology 8 replies

Whoever Can (what's your secret) Wins 3 replies

Secret Way to Bet Against Yourself - Become the Guy Who Takes Your Money 21 replies

Attachments: What is your secret and edge?
Exit Attachments

What is your secret and edge?

  • #1
  • First Post: Jun 28, 2015 8:02am Jun 28, 2015 8:02am
"What is your secret and edge?"


1. The secret is: there is no secret.
Just focus on making small returns 1-3% (per day or week)
Risk reward is not as important to me as most wannabe traders or books tell.

2. Edge:
- starting with very small sizes
- a high leverage (used wisely if necessary) to build positions
- trade the trending direction only


Anyone wanna contribute?
  • #2
  • Jun 28, 2015 8:59am Jun 28, 2015 8:59am
Quoting Alpha-Omega
"What is your secret and edge?" 1. The secret is: there is no secret. Just focus on making small returns 1-3% (per day or week) Risk reward is not as important to me as most wannabe traders or books tell. 2. Edge: - starting with very small sizes - a high leverage (used wisely if necessary) to build positions - trade the trending direction only Anyone wanna contribute?
FYI 1-3% per day is 22-81% per month or 1090-12049% per year. Not exactly small.

Risk reward is not as important to me [...] to build positions
If you build positions isn't it because a big RR is important to you?
No greed. No fear. Just maths.
  • #3
  • Jun 28, 2015 9:07am Jun 28, 2015 9:07am
Quoting Alpha-Omega
"What is your secret and edge?"
//-----

1. trust....
2. self control....
3. low leverage.....
4. small positions.....


grains of sand add up....h
to trade and code, keep both simple... no call to impress....h
  • #4
  • Jun 28, 2015 9:31am Jun 28, 2015 9:31am
The secret is 'you' the trader
Edge - trade with the trend

Be the best trader you can be and the money will come



Quoting Alpha-Omega
"What is your secret and edge?" 1. The secret is: there is no secret. Just focus on making small returns 1-3% (per day or week) Risk reward is not as important to me as most wannabe traders or books tell. 2. Edge: - starting with very small sizes - a high leverage (used wisely if necessary) to build positions - trade the trending direction only Anyone wanna contribute?
  • #5
  • Edited 10:17am Jun 28, 2015 9:52am | Edited 10:17am
From my limited understanding...

1. There are many edges.
2. Edges go in and out of fashion over the years.
3. The only constant is the trader's ability to adapt and learn from the markets.
4. Information Preparation is king. Fresh news matters; sentiment matters; changing fundamentals matters. Charts matter; technicals matter; tape matters. Time matters; volatility matters; volume matters. A holistic view of the market matters.
5. Process orientation is key.
6. Depending on your personality and innate tendencies, the psychological game tends to be at least as hard as the mental game.
7. It is at least as hard to achieve phenomenal success (6 to 7 digit annual take-home) in trading as it is to succeed at any sport at an international level.
8. If you are really serious about this game, you should seriously consider joining a good prop firm or investment bank as a trader so you can get proper education and coaching.
Build good relationships with others.
  • #6
  • Jun 28, 2015 10:40am Jun 28, 2015 10:40am
Secret: volume is the "true" market maker.

Edge: my ability to out think the person on the other side of my trade.
  • #7
  • Jun 28, 2015 10:46am Jun 28, 2015 10:46am
Quoting Alpha-Omega
"What is your secret and edge?" 1. The secret is: there is no secret. Just focus on making small returns 1-3% (per day or week) Risk reward is not as important to me as most wannabe traders or books tell. 2. Edge: - starting with very small sizes - a high leverage (used wisely if necessary) to build positions - trade the trending direction only Anyone wanna contribute?
I don't have any secret but my edge is risk management(Not money management).
Without an edge MM is useless!
  • #8
  • Jun 28, 2015 12:03pm Jun 28, 2015 12:03pm
I dont have secret....The chart tells me everything. The candle lights up the darkness....

My edge is I cut my losses when I have to. Admitting you are wrong is part and parcel of the game.
  • #9
  • Jun 28, 2015 12:30pm Jun 28, 2015 12:30pm
Quoting Alpha-Omega
"What is your secret and edge?" 1. The secret is: there is no secret. Just focus on making small returns 1-3% (per day or week) Risk reward is not as important to me as most wannabe traders or books tell. 2. Edge: - starting with very small sizes - a high leverage (used wisely if necessary) to build positions - trade the trending direction only Anyone wanna contribute?
how do you define trend ?
  • #10
  • Jun 28, 2015 12:57pm Jun 28, 2015 12:57pm
1. Patience
2.Self Confidence
3.MACD
  • #11
  • Jun 28, 2015 12:58pm Jun 28, 2015 12:58pm
Quoting cvds16
{quote} how do you define trend ?
Here ya go sir

http://www.investopedia.com/terms/t/trend.asp
  • #12
  • Jun 28, 2015 1:05pm Jun 28, 2015 1:05pm
Quoting merquise
{quote} Here ya go sir http://www.investopedia.com/terms/t/trend.asp
thanks for that, but I was looking more for his personal view on defining that :-)
  • #13
  • Jun 28, 2015 1:25pm Jun 28, 2015 1:25pm
Quoting cvds16
{quote} thanks for that, but I was looking more for his personal view on defining that :-)
There are no personal views sir.. There are definitions You can't have a personal view when there are definitions
  • #14
  • Jun 28, 2015 1:34pm Jun 28, 2015 1:34pm
Quoting merquise
{quote} There are no personal views sir.. There are definitions You can't have a personal view when there are definitions
nope you are wrong, within the uptrend there are downtrends on a smaller timeframes ... it all matters on how you define your stuff ...
  • #15
  • Edited 2:43pm Jun 28, 2015 1:40pm | Edited 2:43pm
I have developed a very robust strategy for my self and it has a very good returns every single week. It is based on momentum, support and resistance/supply-demand and order flow. my target is mostly between 15-30 pips with the help of a trade robot to monitor it after execution. I trade mainly AU,GU and EU. MY profits is targeted on weekly profits. lets assume i am targeting $100 this week, all i needed to do is break it down to trade minimum of 10-20$ per trade, looking for good minimum of 5 -8 trades per week. I dont trade more than 3 times daily. Though difficult to explain, but i understand myself. i will soon show my trading explorer when i am much more ready.
THE ATTACHED FILE excel KEEPS ME GOING. It is editable and can be usuful for some one with focus and descipline. AM STILL IN MY FIRST YEAR TRADING FOR 9% WEEKLY FOR THE FIRST YEAR AS SEEN. IT HAS BEEN WONDERFUL, CONTINUOUS PROFITS, AND THE WORST I HAVE TRADED IN RECENT TIME WAS 3% WEEKLY DRAWDOWN or BREAKEVEN. But overall massive profits. All because of discipline and focus.
Attached File(s)
File Type: xls excel.xls   55 KB | 1,202 downloads
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #16
  • Jun 28, 2015 1:41pm Jun 28, 2015 1:41pm
My 'secrets' are:

1. small position size - 0.1 lot for every $500 in equity.
2. Shoot for intraday moves - 200-500 pips, depending on the pair.
3. Use take profits on most orders and stop losses on every order.
4. Shoot for 0.5%-0.75% profit per day, no more than 2% loss per day.
5. When target profit is met or exceeded, stop trading.
  • #17
  • Jun 28, 2015 2:06pm Jun 28, 2015 2:06pm
i wonder with this type of trader...deposit with 100 dollar..

and target 1-2% ..lol!

better u go works on KFC..at least u get 300-400dollar per month..

why u waste your time with 100dollar???
  • #18
  • Jun 28, 2015 2:20pm Jun 28, 2015 2:20pm
My secret is 28 inch 4k resolution monitor that I connect to the laptop with core i5 and 8 gigs ram. That's the secret, once I got connected that way I can observe up to 10 charts comfortably. When I was only on laptop and smaller screen I tend to miss important things.
  • #19
  • Jun 28, 2015 2:41pm Jun 28, 2015 2:41pm
Quoting blackjacker
My secret is 28 inch 4k resolution monitor that I connect to the laptop with core i5 and 8 gigs ram. That's the secret, once I got connected that way I can observe up to 10 charts comfortably. When I was only on laptop and smaller screen I tend to miss important things.
See, I do it the old fashioned way, 6 cheap 21.5" 1920x1024 displays connected to a desktop. 1 chart with indicators per display, in page view.
  • #20
  • Jun 28, 2015 3:03pm Jun 28, 2015 3:03pm
Quoting cvds16
{quote} nope you are wrong, within the uptrend there are downtrends on a smaller timeframes ... it all matters on how you define your stuff ...
Really, then those downtrends fall into that trend definition, not?
0 traders viewing now