How are you better than other traders?

Speaking from experience,when I worked at Solly,we all sat around at looked at daily Graphs..

 

The exit is a close above the 200-day moving average (stop and reverse).
This is not a complete trading system, just a simple suggestion of course.

 

And you were searching for head and shoulders, double bottoms, stuff like that?

 

My simple suggestion is to long anywhere, and roll. That's it. That's all there is. That is how time is the edge.

 

idk if this is an attempt to open a debate over the usefulness of chart reading. I have no interest in that

that being said, if your studies have made you privy to some 'patterns' that are not common knowledge (and more importantly have positive expectancy), then that's a good modeling edge. these are rare for retail to come across (whether they pick these up from academia, or create their own), but possible.

its important to define what an 'edge' actually is. else we burden the novice trader with delusions that certain prerequisites are advantages and obfuscate areas that actually need addressing. cc the entire field of trading 'psychology'

 

Yes,indeed...

 

And during bear markets, you do what, hibernate in a cave, like this bear here?

 

No. You hold your position and roll. That's all there is to it.

Plot it.

 

I can't believe I actually agree with you . . .

 

As a retail guy, I have a huge structural edge over big, institutional firms.

My fund size is much smaller.

LOL, I'm sure the big guys do not want my kind of edge, even though it is a big edge.