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My purpose for starting this thread is to see what others thought edge actually was, Well in that case, the correct answer was that you are mistaking win conditions with 'edge.'

"It can also happen by sneezing." I haven't had back problems in decades. Three weeks ago I sneezed and afterward had spasms so bad that I couldn't walk for two days. Upper back pain no biggie. Lower back, I suggest you don't even stretch. Just rest it. DEFINITELY avoid the gym, which for...

"I watched Mark Fisher's ACD videos on youtube, thats all" Thanks, I just went to search for it. There are, as well, 2-3 videos of him being interviewed by some insanely smoking hot chick. So I keep watching that instead. :rolleyes:

Biggest edge. -Being a sociopath.

@Philo Beddoe "risk management and position sizing" B isn't a subset of A? :p ...Ask me what makes a great trader, and without hesitation, my answer will always be "great risk management skills." ...You never responded to my question when I asked if the Fisher that taught you was the same as...

1- I was an arbitrage trader. I don't even conceive of the concept of trying to outsmart the market. I went after its participants. Options provided the perfect arena. Multiple mathematical components that can be arbed, soft-arbed, spread (semantics be damned... call it what you want), and in...

Not sure if it qualifies as luxury, but the Defender 110 has to be one of the coolest and most timeless designs. I think somewhere in the neighborhood of 75% of all Defenders produced in the past 50 years are still on the road, and if it is good enough for the Queen of England, and James Bond...

"what kind of big shot trader has time to stalk some random guy on the internet lol" It's those types of behaviors that makes me believe him.

BWS, Please don't misquote me. I never suggested you "take the loss." I stated that you already "took" the loss.

"pick up some chick for rough sex" That also works well on winning and flat days.

I never had a losing streak, but certainly had some horrendous days. I always went out for really nice dinners on those nights.

Agent99, Congrats and keep it up! NG - my all-time favorite product.

Tech analysis should be anathema to me, but speaking anecdotally, I would say they do. Although: Better in some markets than others. They do until they don't People tend to see what they want to see, so they become irrelevant. A tendency towards self-fulfilling prophecy. Sometimes you see...

Oddly I am someone who rarely speaks in absolutes, so if I did, it was for a reason. Writing is not a particularly pleasant form of communication for me, my preference being white boards and throwing poo. If I seemed offended, that is not the case. I was attempting, unsuccessfully, to move you...

"not assuming reversion cuts the ground from under all credit trades, where selling at high IV and expecting vol reversion is the foundation" Wouldn't that cut the ground from under all debit trades, where if it were correct to 'assume' vol reversion, buying at high IV makes that person a...

price, vol, time... Yes. That gain or loss was reflected in my daily net liq. Always felt booked to me. I never expect reversion during the remaining period to expiration. That is an EXTREMELY dangerous assumption. I highly suggest that if you are going to make assumptions, you begin by...

You are correct. I jumped threads from your post on trade management and thought you were the OP.

"If you are afraid of assignment - which means that you really don't understand it" Spoken by someone who clearly has never been pinned on a strike they have a few thousand options still open on.

"locks in your loss" I'd advise you begin removing phrases such as this from your vernacular. Try to think from a MTM perspective. You took the damn loss already!!!!

Despise it. Really,really,really despise it. Always start from the perspective of 0. Every second forward, and what is behind should remain there. Whether you are up or down on a trade should never influence your action. Do you like it now is all that is relevant. Besides why do I care about...