Oddy, edge efficiency comes and goes. Those that work well in a bull market don't work now. It's not that they are useless, but more that they don't reflect the current market. You need more than one way to screw the goose, because different market require different edges. If you are usually long only, of course you are loosing cash hand over fist at the moment - try short selling. You approach needs to be fluid and reflect the changes in market tide. In simple terms, be come a tradesman with many tools to get the job done. If you only have a hammer, you are never going to be able to cut a piece of wood. To loose the fear, be prepared and have the tools required. pneuma
A system with a Real Edge should be able to trade in all market conditions. Otherwise we shouldn't even call it an edge.
bing-mutherfuxxing-go!!!!!!! Finally the right answer. QUOTE]Quote from OddTrader: A system with a Real Edge should be able to trade in all market conditions. Otherwise we shouldn't even call it an edge. [/QUOTE]
Of course I would never say never. Markets change slowly over time. New algorithms will surely arrive. More computerization of intraday trading will continue and so on. However, the fundamental bullish/bearish behaviors do not really change, and as long as your edge, at its most core level, takes advantage of these behaviors, you should be able to adapt. Also why fear? If things are changing, and you have to tweak your systems, most likely others are experiencing the same. That means more opportunities to take $$$ away from those who can't adapt.
I think the biggest and best traders of all time have always taken advantage of an edge which wasn't derived from their own judgement, and quite a few that were. I recall marty schwartz traded art in addition to futures markets.
Good thinking again. Perhaps my fear has been worrying others to take $$$ away from me who has been never sure his highly adaptable system will be still adaptable enough one day in the future! LOL. I agree that diversification is the key, always!
That would be very nice! However, how do I know I finally got a True edge before I really have one (or proving otherwise)!? Or perhaps: No fear, No gain!
I am getting a bit impatient, so I will give you one edge now pay attention because this is a real one leave ET, chart and chart, erase ET from your bookmark you saw you read, you posted etc NOW ITS TIME FOR QUIET WORK good luck and as I said, you need to understand your edge if you don't get it, is it really an edge just leave ET man
You never know. The thing you do is keep testing and trading. All the time moving forward. Anyone with a real methodology and half a brain is not going say a word about it or it's psychology