Edge/Spread

kimo'sabby · Jul 17, 2010

All things considered, is having no spread to pay probably the biggest tangible edge that a trader could want?

tar · Jul 17, 2010

kimo'sabby said:
All things considered, is having no spread to pay probably the biggest tangible edge that a trader could want?

where is the edge ?

kimo'sabby · Jul 17, 2010

tar said:
where is the edge ?

If you pay a spread and i don't.....i have the edge over you.

tar · Jul 17, 2010

kimo'sabby said:
If you pay a spread and i don't.....i have the edge over you.

everything being equal yeah u have edge over me , but not over the market , still u need something else ...

kimo'sabby · Jul 17, 2010

Are there any known traders out there that are paying no spread and no comms?

kimo'sabby · Jul 17, 2010

tar said:
everything being equal yeah u have edge over me , but not over the market , still u need something else ...

I agree with you, but you are talking about the non-tangible.

tar · Jul 17, 2010

kimo'sabby said:
Are there any known traders out there that are paying no spread and no comms?

no

kimo'sabby · Jul 17, 2010

tar said:
no

Is this a definate?

William Waller · Jul 17, 2010

kimo'sabby said:
All things considered, is having no spread to pay probably the biggest tangible edge that a trader could want?

No.

kimo'sabby · Jul 17, 2010

William Waller said:
No.

What is then?

William Waller · Jul 17, 2010

kimo'sabby said:
What is then?

If you're asking other people it is extremely unlikely that you will find out.

kimo'sabby · Jul 17, 2010

William Waller said:
If you're asking other people it is extremely unlikely that you will find out.

Ooooh, you are a slippery one.

Forget it, you've obviously tripped on entry

Black Swan · Jul 17, 2010

I'd never not take a trade for the sake of the spread..if that makes sense...Neither do I get excited if I get filled for 0.7 as opposed to 1.7 on EU so in answer no I can't see lack of spread being an edge to us retail guys...

William Waller · Jul 17, 2010

kimo'sabby said:
Ooooh, you are a slippery one. Forget it, you've obviously tripped on entry

Your attitude makes it very unlikely that you will ever achieve success as a trader.

You do not deserve it but nonetheless I will attempt help you.

Your question has as much meaning as "How long is a piece of string?". People can tell you what their "edge" is but this will have no bearing upon you. Frankly, the concept of "edge" is a nonsense in any case. Successful traders do not have an "edge", they do not "beat the market" or any of the other foolish things that losing traders dream about.

You must endeavour to discover for yourself what the path to success is. Nobody else can tell you what it is, because nobody else can possibly know.

kimo'sabby · Jul 17, 2010

Black Swan said:
I'd never not take a trade for the sake of the spread..if that makes sense...Neither do I get excited if I get filled for 0.7 as opposed to 1.7 on EU so in answer no I can't see lack of spread being an edge to us retail guys...

Sensible answer mate, but you are looking beyond instead of within.

50/50 no spread, all trades start with an entry, comms can eat into profits, but who needs more profit?

No spread is unarguably the biggest and best edge you can ever find, utopia would be no comms and no spread.

counter_violent · Jul 17, 2010

I have One strat which only uses Limit orders as exits. So even if they are slipped they can only ever end up with possitive slippage. After reviewing all the trades this possitive slippage accounted for 50% of the spread cost.

Something to think about pehaps.

tar · Jul 17, 2010

kimo'sabby said:
No spread is unarguably the biggest and best edge you can ever find, utopia would be no comms and no spread.

wrong , i dont c where is the edge if u dont pay spread , u need something extra ....

kimo'sabby · Jul 17, 2010

William Waller said:
Your attitude makes it very unlikely that you will ever achieve success as a trader.

You do not deserve it but nonetheless I will attempt help you.

Your question has as much meaning as "How long is a piece of string?". People can tell you what their "edge" is but this will have no bearing upon you. Frankly, the concept of "edge" is a nonsense in any case. Successful traders do not have an "edge", they do not "beat the market" or any of the other foolish things that losing traders dream about.

You must endeavour to discover for yourself what the path to success is. Nobody else can tell you what it is, because nobody else can possibly know.

Can you just give me a hand getting off this big black leather sofa.....i've gone all dizzy.

Same time next week?:|(thanks for the free induction)

tar · Jul 17, 2010

counter_violent said:
I have One strat which only uses Limit orders as exits. So even if they are slipped they can only ever end up with possitive slippage. After reviewing all the trades this possitive slippage accounted for 50% of the spread cost.

Something to think about pehaps.

but sometimes u will exit using stop orders = possible negative slippage ...

kimo'sabby · Jul 17, 2010

counter_violent said:
I have One strat which only uses Limit orders as exits. So even if they are slipped they can only ever end up with possitive slippage. After reviewing all the trades this possitive slippage accounted for 50% of the spread cost.

Something to think about pehaps.

Slippage is part and parcel, but how does that effect the spread/no spread arguement?

Edge/Spread

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