How long does it take to prove a system's edge, if the system is an experimental one (in other words, an edge that is not proved using math for instance)? I did an analysis some time ago: It said 250 years! So what is your answer/comment?
there is no such thing as an edge, that's just another one of the traders myths. They say 90% of traders lose, that's because they are unbeleivably gullible and beleive in myths. You may think when you are talking to traders that they are discriminating individuals like you. It takes a while to realize that most of them are even worse than the people who beleive in late night infomercials. I don't know who brainwashed you into thinking they have an edge and you should have one too. You show me a man who has a system for getting along with a woman and I'll show you a man with an edge. They already figured this out centuries ago. Everything is always changing.
Oldtime, I have no idea what kind of trader you are but it's refreshing to see someone write this. I am just starting to become consistently profitable, and as far as I can tell, edge is nothing more than a traders ability to exploit basic market dynamics - PA, time of day, avg daily range, etc and the rest is letting the market work for you