I have many personal flaws. Some of which work against me in the market. I'm well aware, but thanks for the reminder. surf
You accept them as personal flaws, I veiw them as ingrained behavioral responses, no ones first words in life were hit the bid, its just learned and can be changed..good luck
This from a guy that asks programming questions on a traders forum. You're as opinionated as is Marketsurfer. Interesting that you both took the blue pill.
Although it is cetainly not easy to change ingrained behavior, I agree with this attitude completely. No one can afford to think any other way.
Real edges are a dime a dozen. Personal flaws are why 99% of traders who have one in their sights are unable to profit from it. That said, with the absolute edge of the casino (the broker), personal flaws are fairly irrelevant (unless the broker commits a big no-no).
Real edges as defined by you are but a fairy tale for the majority of the population, who for the most part start alone at home with zero knowledge. You are a prime example of why chasing an edge, as defined by you, is actually damaging. Decades in the market, countless connections and you your self admit you can not replicate the edges you have been smart enough to recognize. The market and the methods to systematically drain it must be open to all, no one here need care about edges as defined by you. Great if reachable but for 99.9% they are not and never will be. Yet we have a universe of infomation and tactics that cater for everything from a single futures scalper to those operating hedge funds. good times.
99% will never make it and 90% will never understand why as they keep flogging dead methods that worked once maybe. Here's an easy exercise-- ask Don Bright if real edges are a fantasy. I know in the past bright taught real edges. surf
You almost create this superhuman category of "true players". They're human, they've perfect THEIR edge in the markets and that does not mean they know every other edge there is. There are size limitations on what you can do, what most retail traders do, billion dollar hedgies probably couldn't without affecting the price. The microsecond traders/systems require a gigantic capital backing and it's out of reach for the usual retail people and is probably much better simply due to the fact that they can execute millions of trades per day - tiny profits add up to a lot. Do you think a big hedge fund would care if you have a strategy that could make $200k per year? they most likely wouldn't bother with it.
Real edges as defined by you are but a fairy tale for the majority of the population, as are private jets and super yatches, yet they remain very real its just they touch only the hands of a select few and if every one were to obsess over and aim for something they could never reach, they are not going to build the skill set to achieve what they are capable of because they are taking the wrong road. Again, if you after decades of expereince in the market can not replicate an edge, with all your connections, resources and what not, you are operating without an edge, as defined by you, then to the average joe its nothing more than an unreachable fairy tale. And..