but he clearly has scalable strategy. Does TA provide that ? I don't think so. Will you bet with conviction 10% of your accont on some eliiot vawe count ? Go enjoy your 0.5% bets. I am happy to bet 10% if I know my odds are above 70%. TA provides 60 if you are working real hard and talented.
Yea I was looking through his holdings the other day and I was thinking to my self, boy oh boy I wish I had a scalable strategy, then I could be like soros and have just ten stocks with 10% of my account on each position to monitor and manage, maybe one day huh...0.5% bets pfffffff
I wanted to answer the original question about edge in the markets. I realize "edge" means something different to every trader out there but IMHO until you have become the edge in a particular strategy you don't know what that means. This can be as a result of relationships, speed, custom indicators, low commissions, magic 8 ball telling you when to buy. I don't care! If it makes money and fits into a trading strategy then it is edge. I have a well connected friend who has access to buying pre-IPOs from his buddy at JPM and flipping them out when they go public (connection edge) I also know a prop firm in Chicago that has access to ridiculously cheap capital and commissions (business transaction edge) I can go on and on with examples like this but the main point is as a retail trader (assuming you have no prior connections) the only real edge you have is the thing between your head and the low opportunity cost of using it. In my opinion as a new trader you have to first find a good strategy and then build upon that and somewhere along the way you will find edge. I would focus on spreads. Options, Commodities, Yield Curve, it doesn't matter but once you understand spreads it makes outright trading that much easier.
70% ? Where you got your figure from ? Or you mean the trade with 70 % win rate but the risk reward ratio of 70% / 30% ? If this is the case, when take into accont of commission and slipage, you just loss. Broker is the real winner in this.
MS is an icon. I present this icon as a baseline for how the mind becomes irreversably disabled by poor decision making. no one is ever able to discuss anything with a person whose mind is irreversably damaged. I replied to a person who complimented surf about something. Certainly I do not expect this person to understand either. I suggested, by example, how research could have been done by anyone whose mind was not irreversably damage. I think it is possible for anyone who is ignorant and who has an open mind to become an expert trader in a very short time. I felt really great when I saw MS use my last slice of the loaf as his best example of what is worst in TA. I am knowledgeable about neuroscience. I know from neuroscience that there is possibility of convincing, teaching, or converting a person who has the prior consequences of poor decision making. Can you see granularity? Can you see the ten cases of price? can you find each of the 35 EE's. Yes in all cases. You did the drills. You asked for the EE sheets. I gave you the EE sheets. So I can see that in ET there are people doing the work. As they came up to expert in trading, I also provided the 8 panles of the Modrian table and I made half of it a failsafe insturment as well. To do that I introduced the four types of trends all classified by the turn sequences. So now a fully complete system is available to people who do the drills to take ingredients out of the refrigerator to make sandwiches. I want MAT traders all over like measles. They can deliver money to bright problem solvers who have terrific ideas to implement. I feel that there is a global need to help others. Treating health is cheaper than treting illness. Building infrastructure in countries is better and cheaper than fighting wars. There is NO WAY Wall Street can prevent the extraction of capital from markets if and when price changes. So I posted the Modrian Table so that everyone who has a mind that still works can extract the full offer of the market by knowing one turn before the last turn that the last turn is coming up. You asked for information. I always answer your questions. I always answer anyone's Q's. MS asked me about a bank and he spelled the bank nem wrongly. Who cares. He got his answer for a nonsensical context. I have always been able to do as I please. I can live where I wish. I can spwend my time as I wish. I help you as a consequence. MS became a kind of example of what can go wrong when the consequences of poor decisions come into control. everyone who reads ET knows I cannot convince him, no one can teach him, no one can make him into a wealthy expert trader. no one in ET even tries. most people treat him as what he is. He is an example. So now you know what I am achieving. Get the slices of bread down cold. I have made your presence known to our crew that matches money makers to problem solvers. the slices of the loaf of bread are there for anyone. Our trading room is making Camtasias of every trading day. All the white boards are snapshotted and made paert of the record day by day.
Edge = low risk, cut loses, let winners run..treat as a business and manage o.pm. taking fees for those flat/losing years. Knuckle heads: Trade from home, own account , trying to make huge profits every year by taking big risks. DUMB
Very well put, Surf. I am baffled by the attitudes of many here. If one suggests that noobs seek out training from real-life professionals with proven success in their field, or education from respected institutions, you are scolded and accused of being a troll. ---------------------------------------------------------------------------------- it's even worse for anyone offering education/coaching etc...they are labelled "crooks" until they PROVE to their Kangaroo court otherwise. ONLY ON THE NET is this allowed! Any how done with this debate and this place. How much time do some of you guys spend here daily? 2 hours+ SAD!!!! VERY SAD!