Highly subjective yet you believe you know what others would be happy with? Anyway I was thinking generally what you consider fairly consistent returns, not yours in particular.
I doubt if anyone who has a real edge would be foolish enough to tell the world because the more people that use it the more watered down it will be until it is useless.
This thread is funny, I'll attempt to make it slightly more comical. Isn't it better to know how to wipe your ass properly after a dump rather than ask what does it feel like to go to the toilet and come out with a clean butt every time?
A trader using random entries, cutting losses short and letting winners run will be vastly more successful than a trader priding themselves on being right.
the bid-ask spread is the 'edge', when you can buy at the bid and sell at the offer... you can extrapolate out the 'bid-ask' to larger timeframes... ie .. ATR or peripheral of market profiles.. so all those algo's that try to market make at high frequency at 1 tick spreads.. can be switched to higher timeframes. the key with this is only 'offer' or 'bid' according to which ever trend filter you use for entry's.
I don't disagree. What about a trader that understands probability and applies an entry methodology that is more likely than not to succeed over a series of trades AND also applies PRM??? Wouldn't that person have an edge or just a random entry trader with PRM?
most of the pit traders would constantly quote the market based on mental idea of intraday trend. They would only offer if the trend was down or bid if the trend is up. If they get filled they immediately try to offload quoting the current bid/offer. Sometimes both sides will get hit within seconds. Meaning he will make 1 tic spread on size. Some will wait for a test of the daily high or low before willing to enter the market based on their perception of the intermediate term trend or daily trend. You can view the daily high as the offer and the daily low as the bid. Or weekly...monthly.. If your on the correct side of trend, your entry will only entertain minor amount of 'heat'.. especially in fast volatile unidirectional markets.
That's pretty interesting don't have any first hand knowledge of this, or never really thought about it, but makes a lot of sense.