I am up 19.77% YTD and still don't know what my edge is!

[MKTrader]

Depends on definitions.

Some people define edge as anything that gives you a competitive advantage in the market. In this case, discipline is an edge.

Others would say that edge refers specifically to informational advantage. In this view, it is your trading system that contains the edge. Discipline alone is not a trading system.

Your latter definition is more formally known as alpha. That's the ability to outperform an index on a risk-adjusted basis. Discipline is a good trait, but you can be disciplined in following the worst trading system ever. Discipline alone will never make anyone profitable.
Alpha in Investing: Definition, Formula, Uses (businessinsider.com)

 

[JackMorgan]

A rare stonk pimp by me a week ago . And pimped multiple times on the way up

its $290 now . Yes. 290 . Thats edge, aint it ? Help me out here, genyi


fact: no one on this board in 20 years has come even close. except Jack Hershey, my mentor

ps, edit $300 print , I sold it all there

 

[mikeriley]

This is absolutely the best post I've ever read on this Forum.
You need a so-called edge to make money in the markets
like you need to be an auto mechanic to drive a car.

 

[JackMorgan]

335 , sold too soon as expected. congrats to all zero of you who bought

dont want to be there for the rugger

 

[hilmy83]

Serious post. I have been killing it for many years in a row. Someone on reddit asked very nicely what my edge was. I actually have no clue. I have none whatsoever in the classical or statistical sense.
As I thought very hard about this question (and not wanting to sound like an obnoxious pompous prick) I replied that I thought my edge was simply being very disciplined.

I then mentioned a near monopoly asset with a 2-5x run-rate FCF and 30%+ ROIC that I have just bought.

Waiting very patiently for the right opportunity to arise where the odds of winning outweigh loss by a very big factor.

Does discipline count as an edge?

discipline is not an edge since you can automate a strategy. unless you trade some subjective approach that depends on random interpretation of data, then ......in that case you're just lucky lol

 

[JackMorgan]

335 , sold too soon as expected. congrats to all zero of you who bought

dont want to be there for the rugger

370 now. yes 370 . Now I feel badly, wiping my tears away with the 100 bills

 

[JackMorgan]

ps, I knew about this one yesterday at 15

hard work pays off

is this edge. 19% for the year ? how about 50% for the day on the bankroll

 

[JackMorgan]

god help us

 

[JackMorgan]

Downside halt now at 313

I have a long history of being just a little ahead of the move . I see it coming. Just like you . lolololololoolol

 

[ElCubano]

SOES was an edge back in the day.