The biggest Edge??
-
SeaHorseRacing
- Posts: 2893
- Joined: Fri May 20, 2016 7:06 pm
I will set this straight. What Mr Webb does on his courses is not my place to say I am afraid. It is certainly worth the money IMO.
Obviously there are times when not; Manipulation etc, but as a good set in stone rule. Know where your taking a loss before you open the trade.
With your scalping again, what are the characteristics of the market? How do you need to manage your risk? Is the market weak? If so you will have to act fast on your scratching right.
Again. Read trading in the zone. This is why I doubted how long you have traded. You said you have read the book. This devil/angel shouldnt be happening. You should know before you get in the trade where your going to exit.davangel wrote:what i meant was....when a trades going against me my angel says "get out quick" but my devil says "no leave it the price will come back towards you"
Obviously there are times when not; Manipulation etc, but as a good set in stone rule. Know where your taking a loss before you open the trade.
With your scalping again, what are the characteristics of the market? How do you need to manage your risk? Is the market weak? If so you will have to act fast on your scratching right.
ok thanks again...my heads all over the place with all the info ive been told from yourselves and other traders who are far more experienced than me.....i take evrything on board thats been said though.......one thing nobody will ever tell me though is........Peter Webb says in one of his videos as do other traders........" i was going along getting nowhere really then one day it clicked"........what was it that happened that "made it click"....thats what id like to know
-
SeaHorseRacing
- Posts: 2893
- Joined: Fri May 20, 2016 7:06 pm
I have had a many of moments like that. Maybe 3 or 4. I have improved dramatically each time. Keep searching for what you want and it will come to you if you keeping searching for it. For me, striping it back to basics did it nearly every time.
One thing is for certain, you do not need to learn more about the markets IMO.
One thing is for certain, you do not need to learn more about the markets IMO.
Id like to add something else.........I consider my edges to be
1...i have betfair video i think that is the fastest
2..i use a software to trade like betangel
3..i know that if the fav is at the front before the race starts i can make a few ticks inplay
4.i know the resistance points..
what are other peoples edges
1...i have betfair video i think that is the fastest
2..i use a software to trade like betangel
3..i know that if the fav is at the front before the race starts i can make a few ticks inplay
4.i know the resistance points..
what are other peoples edges
with all due respect what a load of bollocks.davangel wrote:Id like to add something else.........I consider my edges to be
1...i have betfair video i think that is the fastest
2..i use a software to trade like betangel
3..i know that if the fav is at the front before the race starts i can make a few ticks inplay
4.i know the resistance points..
what are other peoples edges
everyone as software such as betangel, and knows where resistance points are, and can access betfair vid. they are not edges, they are universal to all.
as for the fav lining up at the front, leave alone while your learning (again not an edge as old as the hills), stick with pre off and dont go inplay at all, its a different animal from pre off.
just use low stakes and try not to lose, learn to control you, yourself.
nobody will reveal a genuine edge they have unless they are stupid (they would not have that edge for long would they if they did).
haha straight to the point to75ne.......ok i dont have any edges then....wouldnt you like to know Peter Webbs edge, i certainly would....even if he told it to 1000 people most like myself would probably mess it up so there would be even more money for him
why be concerned with what other peoples edges are? they will not tell you, so why concern yourself over something you can never know? but i suspect one of mr webbs edges (and he will probably have more than one) , is the ability to control his emotions.
im concerned because if somebody told me an edge i didnt already know it would improve my trading hopefully........evryone talks about emotions, but it doesnt matter what emotions you have if you dont really know what youre doing....as ive said in previous comments imo i know as much as some traders about pre race trading but they are away ahead of me in technique........all im trying to do is better my trading techniques and if some sort of edge that i dont know about will help that then i want to know it and surely every other trading would as well
If there are no real edges (by that i mean a way of knowing which way the price will go) i`ll just have to keep trying different things myself....im in no rush to crack it but hopefully one day i will............if i dont then ive lost nothing trying as i use smal stakes
-
spreadbetting
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
The first rule of successful trading is: you do not talk about your edge. The second rule of successful trading is: you DO NOT talk about your edge! 
-
SeaHorseRacing
- Posts: 2893
- Joined: Fri May 20, 2016 7:06 pm
to75ne has said it and I have said it.
What is this fascination of what edges other traders have? Your expecting it to be; use A and B when C happen= I win.
It doesn't work like that, an edge IMO could be just a small tiny weeny piece of information that if you have been using the markets for a year, you will have a huge collection of these. Its how you implement these. As to75ne said, control your emotions could be an edge for you too.
I am not claiming success here, however I do believe I am getting results because I stick to a method. What is the method? A system/strategy on the markets I have built from the foundation of Peter Webbs masterclass book. In other words, I used his book to help me trade and my experience in the markets have taught me new things and variations. From that I have an edge when I am focused and my emotions are in check.
If you have purchased advice like you say you have, have you worked on it? How long have you worked on it? Going from this traders advice to then next wont work.
If its good advice, follow it and stick to it. I give you an example:
Trading in the zone. 6/7/8 months ago I go that book. I still haven't conquered my findings from that book. I am still trying to deal with emotional issues. Do I get results in the first week? not really no.
You say about different advice from different traders. Dependant on you, there is different ways to trade. Stick to it. I am convinced at first your results will get worse too as you try new things.
You are being to hard on yourself too. Chill out, just still seems strange. Somethings you say reminds me of knowledge and some things make me think you have been doing it 2 weeks.
Just because you lost money today. It doesn't mean you dont have an edge. Maybe your edge just didnt make money today.
Find a professionals advice. Stick to it, and find ways to improve it. Rather than going oh I lost this week let me try that guys book. If this guys methods are not working, work on how you can improve yourself or train how you can get it to work for you. Look into yourself when using their methods. Keep diary records too.
Its really that simple. Its not simple, it takes financial pain, emotional hurt, stress, anxiety, long hours, unsociable hours and determination to make it pay. I am trying to help but running out of ideas. I now how frustrating it is.
Trading in the zone has changed my life. As I keep saying.
I can sit at my desk and my emotions are just so in check nowadays.(most of the time)
The feeling of anger, the feeling of missing out(getting much better) the feeling of the need to do something. It has just completely changed my who persona.
Really embrace the book and maybe it could really help you. Enjoy your weekend either way and good luck. my 14 hour day of trading and improving has finished. Either way its nice to talk about trading with someone whilst sat here on my todd allday everyday.lol
What is this fascination of what edges other traders have? Your expecting it to be; use A and B when C happen= I win.
It doesn't work like that, an edge IMO could be just a small tiny weeny piece of information that if you have been using the markets for a year, you will have a huge collection of these. Its how you implement these. As to75ne said, control your emotions could be an edge for you too.
I am not claiming success here, however I do believe I am getting results because I stick to a method. What is the method? A system/strategy on the markets I have built from the foundation of Peter Webbs masterclass book. In other words, I used his book to help me trade and my experience in the markets have taught me new things and variations. From that I have an edge when I am focused and my emotions are in check.
If you have purchased advice like you say you have, have you worked on it? How long have you worked on it? Going from this traders advice to then next wont work.
If its good advice, follow it and stick to it. I give you an example:
Trading in the zone. 6/7/8 months ago I go that book. I still haven't conquered my findings from that book. I am still trying to deal with emotional issues. Do I get results in the first week? not really no.
You say about different advice from different traders. Dependant on you, there is different ways to trade. Stick to it. I am convinced at first your results will get worse too as you try new things.
You are being to hard on yourself too. Chill out, just still seems strange. Somethings you say reminds me of knowledge and some things make me think you have been doing it 2 weeks.
Just because you lost money today. It doesn't mean you dont have an edge. Maybe your edge just didnt make money today.
Find a professionals advice. Stick to it, and find ways to improve it. Rather than going oh I lost this week let me try that guys book. If this guys methods are not working, work on how you can improve yourself or train how you can get it to work for you. Look into yourself when using their methods. Keep diary records too.
Its really that simple. Its not simple, it takes financial pain, emotional hurt, stress, anxiety, long hours, unsociable hours and determination to make it pay. I am trying to help but running out of ideas. I now how frustrating it is.
Trading in the zone has changed my life. As I keep saying.
I can sit at my desk and my emotions are just so in check nowadays.(most of the time)
The feeling of anger, the feeling of missing out(getting much better) the feeling of the need to do something. It has just completely changed my who persona.
Really embrace the book and maybe it could really help you. Enjoy your weekend either way and good luck. my 14 hour day of trading and improving has finished. Either way its nice to talk about trading with someone whilst sat here on my todd allday everyday.lol
-
spreadbetting
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
Why not? I'm fascinated by other traders edges too. If someone wants to give away those golden eggs it saves you the hassle o finding that golden goose. Most winning traders I know have very simple methods to identify either short term or long term directions of where a price will move.SeaHorseRacing wrote: What is this fascination of what edges other traders have?
Mine are very simple and easily replicated, whether someone would profit from them is another matter. Far too many people would be bored stiff at the lack of action/ ℅ return they'd no doubt do other things to fritter away any profit.
I'd be very surprised if anyone gives away their edge these days but I'll keep an eye out just in case. You'll probably just get usual trading advice that's trotted out ad nauseam, that's not to say it won't be useful as it'll help you hang onto that profit when you get your own elusive edge.
you guys are probably right, i am obssessed with edges which probably ruins my trading.......What facinates me about edges is...............ive gave loads of people who i regularly play against at golf certain edges to play better, but are they any better now, no because the edges i gave them they couldnt execute them..............Do people actually have an edge that can make them a fortune, by that i mean one that tells them exactly what way the price will go, if so i can understand why they wouldnt give it away, but if its an edge on how to execute your trades better then why not share it........The video pack i bought has brought on my trading 100% but only in the way that i understand what wom, liquidity, resistance points etc are but if im being honest i was probably doing better when i knew less and was thinking as a gambler, by that i mean looking at the horses in more detail but imo results from that were probably lucky when i look back..