edge init

[scose-no-doubt]

Sad that this thread has died. Hope it wasn't me that killed it

 

[BeginnerJoe]

Tim was the one who promised me that he'd arrange to have my posts deleted when I left

Just for the lulz, I hope he won't. I don't think it will make any difference. I doubt anyone will look for them to find your "edge".

 

[counter_violent]

Food for thought....
How many of those in the 95% category do actually have an edge BUT do not have the discipline to follow it.

Yes quite so.

Take 1000 traders, arm them with a documented, verifiable, time tested method for success (in any activity in life) and still 95% of them will fail.

Agreed.

Trading is not an activity where there is only 1 winner. You don't have to be better than everyone else, you just have to be good enough to claim your share.

That really depends on the individual...everyone gets exactly what they want from the markets.

Me, well i'm going to the top of retail...cos that's my rightfull place in the pecking order. Got zero interest in the so called proffesional side of trading.

Peter

 

[scose-no-doubt]

@ CV that's all well and good and I wasn't waving the banner for professional trading methods rather I'm saying that if your think you have an edge and it's foundation lies in incorrect assumptions about the market then you don't really have an edge or you haven't identified it yet - which is dangerous.

 

[scose-no-doubt]

you wouldn't be saying that when the byatch run out on ya.

 

[BeginnerJoe]

well i'm going to the top of retail

I am curious. You always seem to be on your way. Why have you not got there already and what's holding you back ?

 

[BeginnerJoe]

I'd rather be lucky than have an edge.

Surprisingly, people don't understand luck is the edge. See, you just have to be in it to win it.

Based on your this post, I can accept you are your own multinick.

 

[counter_violent]

@ CV that's all well and good and I wasn't waving the banner for professional trading methods rather I'm saying that if your think you have an edge and it's foundation lies in incorrect assumptions about the market then you don't really have an edge or you haven't identified it yet - which is dangerous.

Already said, i've got a cupboard full of them.
They vary by degrees.
I'm currently on with developing my best ones.
I'm getting organised.
I will be unstoppable.

 

[counter_violent]

I am curious. You always seem to be on your way. Why have you not got there already and what's holding you back ?

Organisation Joe...see other reply.

 

[BeginnerJoe]

Organisation Joe...see other reply.

Yes, you said that other times. Do you need an organiser ? When big money is involved, I will be happy to give you a hand.

they'll still ban me though, I give me a week tops.

No, sometimes they deliberately refuse to do that as a lulz. I have seen some of their victims, poor sods.

 

[brewski1984]

I always thought having an edge meant you had an advantage over everybody else. A casino has an advantage in that slot machines pay out less overall than they take in and the odds/green 0 on roulette means they win in the long run.

I sit at home with my crappy rigged spread betting account with a slow laptop, slow price feeds, charts with squiggly lines that promise me riches and useless news/information from various most likely unreliable sources and compare myself to professionals and banks etc that get literally everything - news and information, prices etc etc before I do and genuinely do have an edge over me and the millions of other idiots just like me.

Think about where your edge is in that.

 

[scose-no-doubt]

Finally. Someone else as cynical as myself

 

[BeginnerJoe]

I always thought having an edge meant you had an advantage over everybody else. A casino has an advantage in that slot machines pay out less overall than they take in and the odds/green 0 on roulette means they win in the long run.

I sit at home with my crappy rigged spread betting account with a slow laptop, slow price feeds, charts with squiggly lines that promise me riches and useless news/information from various most likely unreliable sources and compare myself to professionals and banks etc that get literally everything - news and information, prices etc etc before I do and genuinely do have an edge over me and the millions of other idiots just like me.

Think about where your edge is in that.

The edge is statistical in nature. Since the big boys have to go in and out of the market as well, If you learn to coat tail, there are scraps to pick up. I don't believe you can get equal returns as the big boys because you are always late compared to them. Also the edge in the market is biased - biased to the house like the casino. The house, in the context of the market, is the big boys who can move prices at a whim. Literally, they can place the ball anywhere on the roulette wheel after they have seen what everyone are betting on.

 

[wallstreetwarrior87]

I always thought having an edge meant you had an advantage over everybody else. A casino has an advantage in that slot machines pay out less overall than they take in and the odds/green 0 on roulette means they win in the long run.

I sit at home with my crappy rigged spread betting account with a slow laptop, slow price feeds, charts with squiggly lines that promise me riches and useless news/information from various most likely unreliable sources and compare myself to professionals and banks etc that get literally everything - news and information, prices etc etc before I do and genuinely do have an edge over me and the millions of other idiots just like me.

Think about where your edge is in that.

Might as well give up then! After all, everything is from a negative POV, what chance do you have?

Anyway another thread down the s**t pipe.

As a final thought:

I keep hiring a skip to get rid of all the cr*p in my house, and some plonker keeps cleaning it out for me. Whos laughing now :cheesy::cheesy::cheesy::cheesy:

Hang on a minute; where did I put that Victorian fire place.:innocent:

Some can see value and some never ever will. Long may it last!

 

[brewski1984]

I wasn't giving up or trying to be so negative, I was just trying to get people to think about where there edge is.

 

[BeginnerJoe]

I wasn't giving up or trying to be so negative, I was just trying to get people to think about where there edge is.

Well my edge is to be in the game since you can never tell when the big boys are coming out to play. For instance there will be a game in EUR/USD soon.

 

[darktone]

well look, rite, think about this:

if you have an edge, and apply it accordingly, you should make money consistently over time (not perfectly true, but roll with it).

now, think.

where does that money keep coming from?

Did somone ask where money comes from!? Well it all starts when a banks makes a loan, you might be surpriiii--blah blah blah yacaty shmaticaty....

 

[the hare]

Well my edge is to be in the game....

that only works IF you have an edge

If you don't have an edge, being in the game is the worst possible place to be.

Granted you could be the one in 100 million outlier who gets lucky, but why would anyone risk that, unless you hadn't got a clue. FFS there are even systems available at the zoo that work with a little experience.

 

[scose-no-doubt]

well look, rite, think about this:

if you have an edge, and apply it accordingly, you should make money consistently over time (not perfectly true, but roll with it).

now, think.

where does that money keep coming from?

depends on how long you're holding for

 

[BeginnerJoe]

If you don't have an edge, being in the game is the worst possible place to be.

Like I said, you never did work out the true nature of the market, and you are not going to because your judgement is too clouded by your 'scientific' research. The market is not mechanical in nature that it would conform to the newtonian science that I believe you are using.