What is the “edge” you have in the markets?

[jamit_05]

Re: What is the edge you have in the markets?

Hi I daytrade NASDAQ and NYSE futures.

Well i dont bother what reports say I am just bothered about my trading. In august 2007 when so many quant funds lost money was the best month I have so far seen in my trading carreer not just for but for my circle of daytrader friends as well.
And the last mnth feb, was exceptionally tough in my equity graph... i was a little below breakeven. That was just bcoz of the internet cable problem... the quotes were not realtime.... delayed by 5-10 seconds during volatile movements.
On an average mnth I loose 17% of my profits on slippage alone... in Feb i lost as much 55%. All this helluva slippage is being caused by automated executions... where a second delay in hitting the orders may let u miss ur trade.

I do not know how pronounced the effect is on NSE but NASDAQ and NYSE are changing character every 4 mnths and there have been many many daytraders blown out in the last 3 mnths alone. Rest who survived like me are burning the midnight lamp to rebuild edge.

Hello Sir,

In the above you mentioned that the market changes character. Pls elaborate so that we at NSE could see resemblence.

Do you mean that strategies, no matter how fundamental (based on pivots and trendlines), would require revamping every so often? Or are you simply suggesting that bears and bulls change hands? Pls elaborate.

Your commentary is valuable as not many non-nse traders post on this forum.

Thank you.

 

[mahesh agrawal]

Re: What is the edge you have in the markets?

edge in the market-
your knowledge of how the market works as explained beautifully by traderji while initiating market psychology section and limiting ur greed and
fear are basic to winning.
u must work to a plan and neither panic nor be over confident.Stick to ur plan and reassess it after the market closes for the day.
best of luck.

 

[rajputz]

Re: What is the edge you have in the markets?

edge in the market-
your knowledge of how the market works as explained beautifully by traderji while initiating market psychology section and limiting ur greed and
fear are basic to winning.
u must work to a plan and neither panic nor be over confident.Stick to ur plan and reassess it after the market closes for the day.
best of luck.

rightly said...dont be emotional....over come fear and greed factors....

 

[rajputz]

Re: What is the edge you have in the markets?

Discipline & Money Management is my edge.

question is that you really follow it or let your emotion overcome it?????