What Was The Most Simple Edge That Worked For You?

Discussion in 'Trading' started by PCanyon, Mar 28, 2006.

  1. hedge funds are very well aware of this and make the most money trading news and earnings..where do u think those 7.5mil shares traded on rimm in 15min soon after bluberry court settlement deliberation came form?? what I said is nothin' new, I cannot believe u think that's the case.
     
    #21     Mar 28, 2006
  2. Is there really such a animal as an edge? What is a solid definition of an edge? (for trading?)

    How many times have others said it is not wise to reveal a SECRET? What exactly is a secret? What has anyone ever come up with that solves the mkts puzzle?

    Figments of ones imagination is not exactly a secret. Things that work for an individual are just that, nothing else.

    Like the question stated says: "That worked for you". I could tell you what works for me, that is NOT my edge, it is just what works for me, period.

    The sooner new traders quit trying to reinvent the wheel, the sooner they will make money.

    There AIN"T no stupid edge, just like the Mexican guy in the movie said: "I got you stinking badge, here is you stinking BADGE"

    Good luck, happy hunting...... :)
     
    #22     Mar 28, 2006
  3. ===============
    PCcan;
    Dont know of any '' most simple edge'' that works consistantly [Volente said 3 helpful ones ];
    however quite a few little ones converged work together ,like
    Market Makers Edge-by Joshua Lukeman is full of them.:cool:
     
    #23     Mar 28, 2006
  4. I can't believe no one has said crossed market.
     
    #24     Mar 28, 2006
  5. bitrend

    bitrend

    #25     Mar 28, 2006
  6. this is actually a cool thread, minus the "i cant divulge my edge" and trading rules for dummies... lol.


    the opening reversal is a good one... someone mentioned that.

    SOES bandit /Datek stuff is probably another one. too bad i wasnt around to take advantage of that one in its heyday.
     
    #26     Mar 28, 2006
  7. There are some really nice ones that occur daily. From your post, you are suggesting commodities types of edges.

    What makes an edge the simplest is the exit.

    If you space the day out into several portions, you can count on a few in each portion. And they work in an assortment of differing futures indexes.

    For stocks, it is much easier, in the sense of the time available, for making decisions, especially the exit.

    The best manner for explaining the above is to do it in real time slightly ahead of the market. It doesn't look like ET has the arrangements for doing this as yet. If this becomes a popular type of quest maybe a capability can be arranged.
     
    #27     Mar 28, 2006
  8. PCanyon

    PCanyon

    Yes, I shorted the S&P on 10/16 on the money supply trade and made over $9000 on 1 contract. The money supply trade was a day trade and so I had covered and exited on Friday's close.

    In addition to the money supply trade I remember being short the S&P on Black Monday (10/19) as I was trading a short term volatility breakout portfolio. Can't recall if I went short 10/16 or if I was short before that. The portfolio traded S&P, Bonds, Silver and Beans.

    That day changed everything, many systems that had worked eventually stopped.
     
    #28     Mar 28, 2006
  9. this summer, I made some nice scalps off the QM (crude) YM correlation.

    Crude spikes, YM dips.

    Crude dips. YM spikes.

    it was pretty consistent

    of course, it is no longer a strong correlation. but for a couple of months it was good for several nice little scalps a week
     
    #29     Mar 28, 2006
  10. cnms2

    cnms2

    The news increase the volatility, but the market goes its way anyway.

    Commentators always explain postmortem the market's action interpreting the news, but if you pay attention you'll see that after a few jitters the market will go where it was already headed. It'll just reach a local top / bottom a little earlier or a little later than without those news.

    If you look back, even 9/11 was a jitter for the market: it was already headed downwards.

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1023159>
     
    #30     Mar 28, 2006