How long did it take for you to find/discover your trading edge?

My guess is no.

 

If properly done it works in all markets. That was one of the things that started me in this direction. I was scalping oil and euros but my scalping strategy did not work on anything else. Thats a warning sign that I had curve fitted my strategy to market condition. A common thing to do, then conditions change and the strategy doesent work. I never had that problem S/R and price patterns. They work in all markwts and conditions.

 

Question was asked does buy the close and sell near the open work in a bear market.

 

Personally I have no complaint if the following condition is met.

For example, one may lose money (underperform index like SnP500) in ONE year, however every two years shows winning(ourperform index) by roughly annual 10 percent.

Therefore if one start with seed of 100 unit (it can be 10K or 100K or 1M) then most likely his asset is supposed (under his personal trading logic) to become 120 unit after TWO years.

This might be close to the 50 years record of Buffet.... isn't it?
Another loose condition compared with above is 30 percent over THREE years (SAME annual 10 percent)

 

Based on the above chart, roughly half is winner in SINGLE day if there is no tax+commission.

However, for the 50 years (from 30 to 80), since expense (tax+comm) is accumulated a lot, the above explanatory chart might be true after expense.

Tell me how much you paid tax+comm last 10 years.

I believe (guess) that roughly HALF might be winner, if there is NO expense.

For example, assume 100 people is in the pool, 50 might be winner before expense.
However, only 15 may be winners AFTER expense. The other 35 traders might be winner before expense but is a loser after expense.

Tell me how much you already paid for tax/comm in the last 10 years, and furthermore expected expense for next 50 years

 

Off topic, but a quick debunk...

Oh the idiocy.... If you have a losing strategy, prudent risk management means you just lose your money prudently slow, but you will still lose your money.

Stop repeating something that is not even remotely true and just makes you look an imbecile...

 

I started trading in TopstepTrader in 2011, first funded account I got in 2015, second in 2016. So about 5 years for me.

 

PRM is a winning strategy. You do not lose money long term using PRM.

 

Care to explain?

 

it took me more than 13000 hours of research and trading to get there.

i use classic indicators like moving averages. they do have an edge and they do work. nobody could beat exponential moving average. it is the best indy discovered todate