Please specify what you do, exactly what you do, to generate your edge. Spare no details. Thank you in advance.
Hello SoyUnPerdedor, The best thing I have done to obtain a trading edge, was to stop searching for one. Too much work and effort for little reward. Thanks
Your trading system either has an edge (positive expectation) or no edge (negative expectation). If your trading system is not able to show profitability for extended periods of time (say 6 months-1 year) or huge numbers of trades, say in 200 trades----it has no edge. Backtest all trading systems before putting your monies at risk. Otherwise, go to Las Vegas. The casinos might comp you rooms and free buffets for losing so much monies. Losing your monies in the Stockmarket, you only got heartache and disappointment as a result.
Too much detail to share in a post or two. I do detail some stuff out in my journal. https://www.elitetrader.com/et/thre...-trading-the-es-nq-ym-mes-mnq-and-mym.336259/ But, in short I study Price Action and it’s tendencies and use known tactics and other tactics I discover to take advantage of price movement. Since the market has always had trends (composed of BO’s and channels…tight and broad), pullbacks, Trading Ranges (Tight and Broad), and since it draws a myriad of such things within the broader moves such as other price patterns ….triangles…flags…pennants…wedges…AND it repeats these things OVER and OVER, and has done so for decades, I figure it might behoove me to study such price actions and find ways to take advantage of it. Because of the uncertainty of the markets and the variables within it (those known variables and those totally unknowable variables), I am a firm believer in grabbing the profits the market hands me, as it hands them to me. Should a move continue after my profitable exit I can always jump back in. I figure my <<modus operandi>> will not become obsolete, at least not in my lifetime. It was around before I was born and it continues to be around everyday, in every session, in every instrument. Just a cursory glance at any chart on most any time frame will confirm these truths of such price movements. The evidence is in plain sight for all to see. The key is figuring out how to dance in step with what the market does on this daily basis.
Noticing volatility is intentional noise that obscures the signal. Real time hours, compare RUT to M2K.
If I got this right, you are asking everyone to give you their recipe to make money in trading. With all the details. For free. Just because we are good people and want to help others. Let me spend a couple of weeks to summarize my method and I'll pm you. I'll attach some donuts as well, just in case you'd be hungry while reading my stuff...