Hope this helps: ________________ Trend Finding is Edge Finding and Edge Finding is Trend Finding nononsense's axiom
money management? That's the loser's Holy Grail. If you learn how to make real money, you can be bothered with that kind of nonsense. nononsense
You can enter the market at any price and make money, as long as you know, where you are going in terms of getting out with a loss and profit
the mortality of the floor trader is still quite high (~70% gone in 2 years???)- especially locals (in the red jacket). edge in the pit is physical size and the ability to shout. this is why so many footballers tend to roll over the bespectacled phd on the floor. anyway - back on topic - there is more than 1 type of 'edge' those that disappear in time (tangibles) and those that stay with us as part of our make up. the floor traders size is one example here. (these are perhaps more intangibles). most look for the tangibles, and rigidly stick to them. they start making money, then dont. they still have the back tested results to prove to themselves they still have an 'edge'. like our friend the local, i try to focus on the 2nd type of psychobabble edge inside my makeup. knowledge and understanding of how the markets really work, over some market prediction technique. we (our account size) is surely just a reflection of how genuine the edge is. i only got to page 3 before tying this dirge, so sorry if its been hit on before. love, freddy. xxx
Holy Grails: 0) There is no holy grail. 1) Don't believe somebody else's propaganda. 2) Don't disbelieve somebody else's propaganda. 3) Don't believe your own propaganda.