Actually I don't fully understand the statement. I would think the markets need not only some Edge traders, but also a lot of Gambling traders.
Your absolutely right, the "Market" needs gamblers/speculators but what do "You" need ??? Amendment: When I say definable edge I mean quantifiable as well. True professionals leave NOTHING to chance
Luckily I'm not as professional as many others. Besides following my system, I leave all things to chance.
Kind of depends on what you mean by proven and definable, as I've traded with many discretionary traders in daytrading shops who make good bucks, but don't have anything that they could present to anyone as a "system".
Again the ILLUSIONS of success may prevail in these cases. I know many traders that have great weeks, months and even years only to blow out in the end ! So what was the point of it all ? Quantifiable means that it is measurable and if it's measurable then it's real, so long as it continues to be quantifiable.
Exodus. Look here, asshole: http://www.elitetrader.com/vb/showthread.php?s=&postid=1123113#post1123113 before you call ME a loser. Show me YOUR trades today, punk! It's obvious that you just flit from thread to thread like a gnat following the scent of sweetness. Seeking opportunities for attention by harrassing your betters. Punk! Mike. Oh, and BTW, this is MY fucking thread. I can start better threads than anybody here since the eTJackulators scurried away. I just can't stand to stay in them when all the pontifuckators like you show up.
Couple of things quickly while I wait for a signal First, surely you know that Exodus is Samson77. I have outlined his misadventures trying to sell stolen systems here on ET. In general he has nothing to say except to mouth the words of other traders whose posts he pirates. He doesn't have the basic intelligence necessary to understand what "quantitative" methods are or how to use them. He has a history of buying systems, not being able to make them work, then trying to market them here. In other words, he is a putz. Like most scam artists, he has no shame, and can continue to post and even act aggressively, assuming that the crowd here will forget his previous acts. If you notice, almost none of the regulars here will respond to him anymore. On occasion I will slap him around a bit, but frankly I think it is a losing proposition to have anything to do with him. I leave the rest to your judgement. Steve
LOL Chill out !!! I thought this was a debate not a dictatorship ? If you want to debate this topic let's debate it ! Showing me ONE day or ONE years brokerage statements means NOTHING especailly with 1 contract trades!!!!!
blah blah blah blah More verbal diarhea from ET's prominent authority on the subject. Can you ever be challenged and fight like a man rather then always cowering behind the alias excuse? seriously get some help !
Was Richard Dennis' system quatifiable? Think he still blew out, if I remember correctly. And then there was Niederhoffer. You were saying about the point of it all?