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Tricks

What gives 50 Pips his edge?

On this week’s episode of Opto Sessions, we were fortunate enough to be joined again by highly esteemed, and anonymous, trader 50 Pips. As an individual with a gift for analysing price action, 50 Pips is highly respected in the trading ecosystem for his unbiased approach to assessing asymmetric opportunities in the market.

But 50 Pips does not think he has any special powers. In fact, what he considers his advantage is the way he thinks.

“Ultimately it boils down to realistic expectations about doing what I need to do,” he told Opto Sessions.

“Ultimately it boils down to realistic expectations about doing what I need to do”

 

“I joke about it on Twitter, but I know that come rain or shine I'm going to be in front of the screens for London open and I’m going to trade. That's going to happen,” He explained that he’s hosted webinars before with no voice, communicating through a chat window, not because he considers himself a hero, but because when he has something to do, he does it.

“My edge is just that I know what I need to do, and I do it, and that's not negotiable. Do I have a special power? Do I have a special indicator? Do I have a special system? Do I have special risk management? No,” 50 Pips said.

What he does have is willpower.

“I can give you a system that's guaranteed to make money. But if you don't respect the rules, if you don't click on the button, if you don't do what you need to do, the system is useless. I think for a private retail trader, your edge if it doesn't come from you, I don't know where it comes from.”

“I can give you a system that's guaranteed to make money. But if you don't respect the rules, if you don't click on the button, if you don't do what you need to do, the system is useless”

 

 

To hear 50 Pips’ outlook on the upcoming US election, on recognising market flows, and the risks of inherent bias, listen to the podcast here.

Or for more ways to listen:

Apple Podcasts
Spotify
iHeart Radio
Stitcher
CastBox

 

Listen to the full interview and explore our past episodes on Opto Sessions.

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

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