What is your edge? -
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thread: What is your edge?

  1. #11
    Junior Member rotxi's Avatar
    1
    If you are in a position to count cards about 21 is.
    Edges about trading are:
    1) paying possible commissions.
    Two )Seeing both side( ask and bid) of the market: mms specialists traders.
    3) Insider trading.

  2. #12
    Dont have to be a trader to generate money, dont want insider info

    you want skills

  3. #13
    Member Sireh's Avatar
    43
    dont have to be a trader to earn money, dont need insider advice

    you need abilities
    You need a correct paradigm by which to view the market. I suppose that this could be described as a skill. There's not one paradigm, the most important thing is that your method makes total sense to you so that when you open a transaction you have doubt on your own plan. You should see consistent profits too. Those two things always go hand in hand for the prosperous trader (as opposed to this lucky trader). A trader first seethen makes his wager,'s the story, and watches closely to see story unfold.

  4. #14
    Junior Member steijelo's Avatar
    2
    As everyone here knows, trading with no edge will always lead to failure. To be successful in trading you need to have a trading egy with a border and an proper risk management egy to be sure you stay in the sport long enough to find opportunities to employ your advantage and realise your winnings.

    I wrote a small article about it on my blog in response to an email I have. This guide is called http://www.myforexdot.org.uk/trading...that-work.htmlif anybody is interested...
    I dont mean to seem rude, but also you and a number of additional in this thread do not seem to comprehend what an, advantage, is just as far as trading goes.

    Trading with the trend and service and resistance (or any indior or gizmo or MA egy ) and things of that nature are not a border in and of themselves. These are techniques which you can use to put a border together.

    An, advantage, in trading isn't some percieved benefit a trader believes he has, like, I got this great indior, or, I have 8 years trading experience.

    And advantage is a whole trading egy that wins more occasions than it loses, AND with money managment the winners outstrips the losers. It is the same definition.

    You do not have a border until you've executed a high number of sample trades the exact same way (between 100-1000) AND established your win/loss ratio AND average win/loss. And of course ultimately wins versus losses that you come out ahead.

    It is an edge when all these things are great since you can keep playing with the casino and come out ahead despite declines....hence a border.

    Only using SR and trend is and of it'self isn't a advantage, they are methods which can be used as components to make up an edge.

    Only trading SR and fad does not provide you any real advantage alone.

  5. #15
    And advantage is a complete trading egy that wins more times than it loses, AND with money managment the winners outstrips the losers. It's the exact same definition.
    In general I agree with your post, but for the stage I marked in bold. You do not have to win more times than you lose.
    Positive expectancy or an edge is composed of win/loss ratio and risk/reward ratio. It's a combination of both. If you've got a high risk/reward, you can really have a and have an advantage.

  6. #16
    Junior Member belsuami's Avatar
    6
    Simply using SR and trend is and of it'self isn't an edge, they are methods which can be used as components to make up an edge.
    The irony is lots of still and do think this is all thats necessary to be constant.

    Or they'll assert its discretion blablabla when discretion is nothing more than principles that havent been verbally defined.

    I enjoy your post.

  7. #17
    Junior Member steijelo's Avatar
    2
    In general I agree with your article, but for the point I marked in bold. You do not need to acquire more times than you lose.
    Favorable expectancy or a border is composed of win/loss ratio and also risk/reward ratio. It is a mix of the two. In case you've got a high risk/reward, you can have a low win/loss and have a border.
    Yep tottally agree. Technically that's 100% correct.

    But, besides really long term trend traders who remain searching for 1000's of pips, you would be hard pressed to find a trader who could stick with a border that loses 9 out of 10 but comes out ahead at the end.

    Also with a very bad win/loss ratio, even if you happen to not be trading the time your border wins, then you have only scewered the whole edge from balance.

    But, that wasn't the point of my article, it was only to point out what an, edge, really is when you talk in terms of day trading.

  8. #18
    Frankly, I believe Davidee was essentially asking people about the elements of their edge.

    While KumoDragon's debate of semantics and definitions might be right...

    I don't believe Davidee was asking for posts similar to...

    My edge is a profit factor of 1.23 with expectancy of $2.45 per commerce
    within an account of $10,000 within a period of two years with 3,186 trades.
    Largest peak-to-valley drawdown of 8%, with biggest individual losing commerce of less than 3%.
    (only an example)

  9. #19
    Junior Member HanDy69's Avatar
    1
    Frankly, I think Davidee was basically asking folks about the elements of their advantage.

    While KumoDragon's debate of semantics and definitions may be correct...

    I do not think Davidee was asking for posts very similar to...

    My advantage is a profit factor of 1.23 with expectancy of $2.45 per commerce
    within an account of $10,000 within a period of 2 years using 3,186 trades.
    Largest peak-to-valley drawdown of 8 percent, with biggest individual losing commerce of less than 3 percent.
    (just an example)
    Nice could you please supply the egy principles for this (-:

  10. #20
    Sorry for you excited.
    Those are NOT my results. That was only an example post.

    (only an example)
    related to KumoDragon's definition of an edge...

    And edge is a whole trading egy that wins more times than it wins, AND with cash managment the winners outstrips the losers.

    You do not have an edge until you've executed a large number of sample transactions the specific same way (involving 100-1000) AND established your win/loss ratio AND average win/loss. And of course ultimately wins versus losses you come out.

    Only using SR and trend is and of it'self isn't an edge, they are techniques which may be used as components to make an edge.
    Back on track-

    My issue is: what is your edge, how can you apply it and how can you know it really works?

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