Not only do I have my whole trading method listed here on ET but I have a detailed chart everynight of my entries listed the night before with a chart showing exactly where to enter and exit in my journal for all to see. I don't believe you have to be secretive to be successful in trading. I have traded the same method I outline in stocks, options and futures with slight modifications in each but same method. So far so good. Feel free to check it out. S/R emini journal...
I believe NTB gave the best summary of what constitutes "edge" here: http://www.elitetrader.com/vb/showthread.php?s=&postid=1075632#post1075632 I think he differentiates between edge and skill, although I might be mistaken (correct me please).
You are right. The more I thought about your statement the more I realized that my response was about method as well. I posed this question in my journal because I don't think I can honestly say that I have an egde. But I have been trading stocks, options and futures with some amount of success over a period of about 14 years anyway. Maybe my edge is just plain luck, I don't know...
In another thread you said: "I've tried for years to trade index futures intraday, and never made a penny. Lost maybe $30k over the course of a couple years. Not a lot of money compared to what I make on stocks so I consider it an 'education expense'." I'm not bustin' on you Brian, just challenging. So is it profitable or not?
In that case, your 'edge' may be more skill and experience than others, however, in my mind that is a very weak edge and very difficult to prove because it cannot be proven and really just works until it doesn't (ie. you never really know if you have an edge or have just gotten lucky). Very few people can claim a 'skill or knowledge based' edge with all of the smart and skilled money (notice i didn't use the word "traders" here because it is about the amount of competitive dollars against you, not the number of traders against you) in the marketplace. In fact, some might claim it is impossible.
Not a problem Steve. I have been following this strategy for about 3 months. I have been trading it for about 3 weeks now. I have been selling 1/2 my position at 5 ticks, the remainder I have been trailing with a breakeven stop. It has actually been working well. I don't have the exact stats. Check it out. The person that I referenced said they have been using this for years. Brian
Yep, you might be right but I will stick with it hopefully for years to come. All I can do is trade with the big money guys and I never go against them. So far so good.
Trade Jack Hershey's really kewl SCT and you can make 4% to 7% per day, according to Jack and his disciples. Hint: think Boolean.