Boiling frog metaphor applies. If you're doing discretionary trading, you won't notice the large changes. Data analysis will display the changes however.
“Edges” are trading opportunities and they come and go. As flows change, as information changes, trading opportunities change too. There was a time you could earn 30percent trading merger arbitrage. Now you can only earn 3percent. Low interest rates and excess liquidity has killed this Edge.
Does anyone know if the average true range, or just daily range of price is larger or relatively the same, or smaller than the deviation/range of price in decades prior?
Since 94,the Normalised 14 Day ATR on the SPY has ranged from apx .4 Percent to 3.4%.There have been 2 vicious spikes where the NATR got up to close to 8 percent.(08 and 20)..There are definetly periods of 4-6 years with significantly less/more volatility
I have personally had edges that disappeared, and I know plenty of traders whose edges disappeared. These "edge" circumstances I speak of were always some sort of inter market correlation or market structure dislocation in an intra day time frame setting. I've been swing trading in earnest the past thirteen years and that has been quite durable.
newly born MrRenev "Today no day traders whatsoever makes money and that includes institutional ones." Probably the dumbest post on ET in many years congrats
Ive had 20 edges go away But one persists , and because I like ya, I'll tell you what it is . Free, Right now !!!! Excited ? I do the opposite of what the idiots do . As often as possible . Huge edge, even better, since new idiots are born daily, there's an unlimited supply. many are reading this, but don't realize who they are