Finding an edge is the easiest part of the game, not to say that it IS EASY, but after that you need determination, conviction and confidence to execute your edge flawlessly. IMO that's a lot tougher than finding an edge, because that deals with controlling your emotions, which can't be done SIMPLY, for the simple reason that the emotional signals our brain produces are faster and stronger than the rational ones. the only way to learn it is through experience, whether it's trading or some other high pressure type of work.
I have to respectfully disagree. Finding a consistent "edge" is far more arduous than emotion management. Emotions can be honed by experience. Finding your niche might take forever.
I agree. In the 5 years I have traded, I have found 3 REAL consistent edges. The first two each lasted about a year, and I'm still trading the third. They are few and far between. Dealing with the emotions of trading comes with time, but after a couple years they shouldn't be much of a problem.
I agree. What have you done to the first 2 edges? It seems like edges start working after a period of drawdown. Good Trade! trend
The first was a style of trading IPO's in 1999 which worked very well for a while, but obviously that stopped. The second was a style of scalping which worked from mid 2000 to early 2001 when the market was decimalized.
Thank you very much. I know that I have been given the opportunity of a lifetime (especially since I am not from a wealthy family and actually am a graduate of the public school system). I think I'd be crazy to give up this opportunity for a $55,000 job (in all likeliehood, that $55,000 job will still be available after I graduate). If I were to do that, I would always regret that decision no matter how successful I was at trading. Unfortunately, there aren't many firms out there that are willing to pay salary and I hope Oxford will help me at least get an interview with a few of the firms that do. Thanks again
That is correct! I did not apologize for posting my question on many DISTINCT forums. I wasn't aware of the connection between forums and that posting to all of them would be construed as posting multiple questions to a single one. I now see that there is but a single forum with many threads and that questions should be posted to one of the many threads depending on content. And yet, without receiving notification from a single moderator, all but one of my posts were deleted (on retrospect, I should have expected all but one to be deleted but clearly, I SHOULD HAVE BEEN SENT A MESSAGE FROM A MODERATOR WITH AN EXPLANATION as well). I suppose the way my situation was handled reflects the lack of professionalism in the way this forum is administered.....members should be upset not with a new member posting to many forums the same question but rather with the way the administrators handled such multiple postings of the same message i.e. deleting the posts without giving any notification whatsoever to the poster as to why the multiple posts were deleted.
That proves my point exactly.....most of the members of this forum can't seem to handle the fact that there are educated people who wish to delve into trading. It is clear to me that anyone with a good education who makes note of it on here will be bashed (as you yourself stated: "...a few other past posters...constant replies to defend why posting/starting the thread...") Thanks for confirming with me what I suspected to be true all along! Unfortunately, I am not the first to have been bashed by the many fools on here.......I apologize to the other members who were bashed as well though it is probably the case that they left this forum much sooner than I will....maybe i'm a masochist. Well I will likely be attending Oxford (where masochism, I hear, takes on a whole new meaning) so perhaps that fact is self evident... Respectfully,