I have never argued any of these points. My only cause of concern for you is why you are even bothering with equities? You kind of took this edge discussion over the cliff.
Your argument is: To make more than a school teach, a trader needs an edge. Skill, which can be learned, is not an edge. Therefore A trader with great skill can not make more than a school teacher. I disagree. I believe great skill is in itself the greatest edge a trader can have. I believe with great skill a trader can be very profitable even in equities. I also disagree with your ascertion that many of the great traders I listed were a product of luck and randomness. I know one hit wonders exist. I was talking about the ones with consistency.
Barney, please quote me where I said any of that? Look, are you still in high school? Because your reading comprehension skills are off the chart terrible. I told you that most NEW equity traders today are struggling to making a living and you would be better off going into teaching. That was my QUOTE!!!!!! Look, do me a favor, PM Don Bright. He runs Bright Trading. All they do is equities. Ask Don what the average new traders makes at his firm trading equities. Please do that for me. I'm sure Don will even inflate the numbers a little bit, but I trust he will give you a fairly accurate number. OK? Fair enough?
So WITH and edge one can do very well but WITHOUT an edge.. With no edge, you take the school teacher twice on sunday. Therefore to do well, a trader needs an edge. So far so good? Ok, gotcha. Skill can be learned, therefore its not an edge. So with skill but no edge, a trader can only hope to make as much as a school teacher. I think that was simple enough, unless i am imagining things.
His edge is that after 20 pages of this thread, you still have no clue what he's talking about. So trade what you will, Mav will take the other side of the trade, while you blow out your account. Have a nice day.
Purple Barney, do me a favor and PM Don Bright. The guy has 100's of prop equity traders OK. I believe you can even do a search where Don has actually stated what his average equity traders make. You obviously are not reading a word of what I write and you are not demonstrating any ability to understand it. I have tried to help you, I have tried to be civil with you. I have tried to be as honest as I can being that I actually run a prop office and have traded at several prop firms and I have been around over 1000 traders, both on the floor and off. Take my advice for what it's worth. If you think it serves me any purpose to come on this thread and just lie to you in the grand scheme that I'm going to benefit financially by steering you away from trading equities, so be it. You are going to have to believe what you want to believe. Good luck.
Just because i don't agree with you does not mean I think you are lying. I NEVER disagreed with your suggestion about lowering vig. My only disagreement is with your view of skill and edge and what makes a trader money. You keep telling me how I haven't read a word you wrote, you tell me to quote you. So now that I have you can read it for yourself.
Well no where in those quotes did I say one can not make money without edge, no where. No where in those quotes did I say all traders should become school teachers if they have no edge. Seriously, are we reading the same posts?