black bear
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The Rockets Edge
Hi FX
"After all, why would there be a visible, unchanging edge sitting there to be exploited for years? "
I see my edge in every instument price and any market and its been about for ever, the skill you refer to is just control of your emotions and yourself when the money is down, most blow up and failure to admit that to yourself just makes progress impossible.
Its hard to admit the reason your failing is because you have just found out your weak and not the strong person you have always imagined yourself to be. You may infact be a very strong person away from the markets. The plan and your market observations are correct but .......... 😆😆
It cannot be me thats the problem, oh no = last stone to get turned over.
:idea::idea:
Right lets find something else, another filter perhaps a magic moving average will do the trick = keep you busy thats about it really.
Hi keano
Thats because you do not understand your own edge and why it works imho,
Its not magic or special many will use the same method, perhaps disguised behind various settings ma sma macd vol multi tf view of the market etc
Find the common ground in all methods and your confidence will be there in one second flat and you will no its permanent imho
Skill in application well thats personal to the individual but knowledge just is. Sure if I gave my method to a more able individual new to trading he would make more of it than me and take it ......as far as his or her skill would allow.
Example, snooker my 1st love, you can learn all the shots, you can learn all the tactics, you can learn all the positional shots =everything
If one thing is missing and you do not realise its importance your F..cked, you will fold under pressure every time, you will make small errors and think this or that is responsible for them.
Edge at Snooker == your Strike and how pure it is, you can improve it and practice it till its almost automatic if your not a natural (skill) but you will never ever strike like the Rocket
Never so forget it and play your own game and improve your Strike by knocking the simple balls in pockets with a pure strike ======KISS
YouTube - Ronnie "The Rocket" O'Sullivan fastest 147
Enjoy the debate again all & the search or whatever it is to you :clover:
Latter
There is a permanent edge: skill. You want to make sure you made money because you have the skill. Having this skill means anticipating changes in the market and not getting caught doing the same thing that 'worked' in the past when things change. After all, why would there be a visible, unchanging edge sitting there to be exploited for years? If you are not ahead of your competetors, eventually you will lose to them. Incidentally, this is why I never advise people to risk 2% of their capital. When a trader finds something that works, he should press hard, win and quit while he is ahead.
Those with the skill to understand the makets are the only ones who will be around for a long time. Ask yourself if you are one of them.
Good question, and one close to my heart.
I found something that works and has been giving me at least 30 pips nearly everyday for the last year or so. However, about 6 months of that was just papertrading as I am cautious by nature.
I dont think ill ever find something like this again, and the fear of it just stopping working one day is always in the back of my mind.
However, I know traders who have used the same methods profitably for at least 5 years (some alot more)so either way, hopefully i still have a few years left...
Hi FX
"After all, why would there be a visible, unchanging edge sitting there to be exploited for years? "
I see my edge in every instument price and any market and its been about for ever, the skill you refer to is just control of your emotions and yourself when the money is down, most blow up and failure to admit that to yourself just makes progress impossible.
Its hard to admit the reason your failing is because you have just found out your weak and not the strong person you have always imagined yourself to be. You may infact be a very strong person away from the markets. The plan and your market observations are correct but .......... 😆😆
It cannot be me thats the problem, oh no = last stone to get turned over.
:idea::idea:
Right lets find something else, another filter perhaps a magic moving average will do the trick = keep you busy thats about it really.
Hi keano
Thats because you do not understand your own edge and why it works imho,
Its not magic or special many will use the same method, perhaps disguised behind various settings ma sma macd vol multi tf view of the market etc
Find the common ground in all methods and your confidence will be there in one second flat and you will no its permanent imho
Skill in application well thats personal to the individual but knowledge just is. Sure if I gave my method to a more able individual new to trading he would make more of it than me and take it ......as far as his or her skill would allow.
Example, snooker my 1st love, you can learn all the shots, you can learn all the tactics, you can learn all the positional shots =everything
If one thing is missing and you do not realise its importance your F..cked, you will fold under pressure every time, you will make small errors and think this or that is responsible for them.
Edge at Snooker == your Strike and how pure it is, you can improve it and practice it till its almost automatic if your not a natural (skill) but you will never ever strike like the Rocket
Never so forget it and play your own game and improve your Strike by knocking the simple balls in pockets with a pure strike ======KISS
YouTube - Ronnie "The Rocket" O'Sullivan fastest 147
Enjoy the debate again all & the search or whatever it is to you :clover:
Latter