Do trading edges for retail traders rely on intellect or do they rely on knack ?

Discussion in 'Trading' started by traderwald, Dec 23, 2019.

Do trading edges for retail traders rely on intellect or do they rely on knack ?

  1. high intellect

  2. basic intellect plus high knack

  3. high intellect and high knack

  4. Other

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  1. Hello trend2009,

    Explain what you mean by systematic research?
     
    #11     Dec 23, 2019
  2. you back test your strategy rigorously using the rules you would use in live trading.
     
    #12     Dec 23, 2019
    SimpleMeLike and murray t turtle like this.
  3. so true
     
    #13     Dec 23, 2019
  4. Absolutely, the right time is probably a better way to put it. Some traders are wasting time trading styles that dont fit their personality. Trying to fit a square peg in a round hole.
     
    #14     Dec 23, 2019
    R123, taowave and murray t turtle like this.
  5. Turveyd

    Turveyd

    My muppet ex mate with a IQ in the 80's, who'll never watch porn cause if he does no woman will marry him, he's 48 don't think that's his issue and thought stars where lights like few miles away in the sky, was actually a very good trader and proper tighter than a ducks ass.

    I'm his ex mate cause I owe him 20p I can't remember, all the lifts he's had, go F yourself comes to mind over 20p, seriously, FREAK!!!
     
    #15     Dec 23, 2019
  6. ironchef

    ironchef

    Me, I rather be lucky than be good.
     
    #16     Dec 23, 2019
    Aged Learner likes this.
  7. schizo

    schizo

    Just what is considered intellect anyway when you're competing against bots (soon it'll be AIs). It's pointless to even ask.

    What you need are merely two things: profitable strategy and discipline to follow through. Other than that, it's all noise.

    BTW luck doesn't come to those who can't spot it.
     
    #17     Dec 23, 2019
    murray t turtle likes this.
  8. %%
    Etrades;sounds you have enough math skills. LOL/true.
    I would note; finding/measuring a good trend+ trading/investing it is more important than over thinking it. Sure, its fun to analyze+ play action addict.

    Hint ;most of the market millionaires are market makers /specialists + long term investors; its NOT rocket science. [ Yes; I read his book on rocket science trading......LOL] Another hint, as they say in Chicago; '' the smarter you are , the longer it takes'':D:D, :D:D:D:D:D:D:D
     
    #18     Dec 23, 2019
  9. comagnum

    comagnum

    Finding an edge is not that difficult, making profits from it will depend on your psychology + risk/trade mgmt. It always looks easy on a chart or back-test with the benefit of hindsight - the hard part is applying it through draw downs.

    Humans are lousy traders due to our brains primitive Amygdala. Winning traders have learned how to keep their psychology in check which is a hard won skill.

    Intelligence plays a role in creating a rules based trading plan with a strong risk/trade mgmt strategy. Without the right psychology all the intelligence under the sun is worthless. Systematic traders do not get a free pass on this.


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    Last edited: Dec 23, 2019
    #19     Dec 23, 2019
  10. %%
    So True. IF it was just math,LOL, NObody would ever use a 29.99% APR credit card LOL-LOL:D:D, :D:D:D:D:D:D:D
     
    #20     Dec 23, 2019
    comagnum likes this.