In one sentence, what is your edge for 2019?

[R1234]

To get the ball rolling, here is my edge: Swing trading illiquid stocks with a very high cash reserve.

example ticker please?

 

[vanzandt]

example ticker please?

ISRG

 

[qlai]

example ticker please?

Lol ... plus position and stop.

 

[SimpleMeLike]

Let's get a feel of the main directions participants of this forum are following.

Hello tonyf,

Good forum.

I am discretionary intraday trader.

I keep reading and hearing about this edge, but I honestly don't know if I have one.

I have to say what is my edge. My edge is Me and believing in what I see on the chart and keep journaling my progress and PnL.

I really don't understand this edge stuff. If I take X,XXX trades and that leads to making alot money, I guess I have an edge. I see when I get there.

 

[SimpleMeLike]

A million hours of screen-time, the sting of costly mistakes, and an inextinguishable fire to stay in the game and win everyday.

"Tis a sharp wit matched with too blunt a will;
Whose edge hath power to cut,
....and whose will... still wills".
-Shakespeare

Exactly vanzandt. I would add to this, take notes and track progress.

Staring at the chart and making good decisions.

 

[dealmaker]

Hello tonyf,

Good forum.

I am discretionary intraday trader.

I keep reading and hearing about this edge, but I honestly don't know if I have one.

I have to say what is my edge. My edge is Me and believing in what I see on the chart and keep journaling my progress and PnL.

I really don't understand this edge stuff. If I take X,XXX trades and that leads to making alot money, I guess I have an edge. I see when I get there.

then your edge is your process...

 

[digitalnomad]

Anti-Martingale

 

[themickey]

Studying more ways to Hedge.

I always think along these line...
Hedging is like paying insurance, there's a cost involved.
I prefer to just exit.

 

[themickey]

I always think along these line...
Hedging is like paying insurance, there's a cost involved.
I prefer to just exit.

At some point in time one needs to remove the hedge, so that becomes another trade which is timed according to your wants, so why not forget another hedged trade with its decisions and just jump in and out of the first trade position?

 

[SimpleMeLike]

"Edge" is when you have an advantage over the play... like counting cards in black jack.... or front-running orders*... or insider information. There are NO legal edges in the markets for us retail screen jockeys. (Discipline and smarts are not market edges. They might be advantages over traders more stupid than others, but that's still not edge over the market.)

I agree with this part here. This whole edge stuff to me sounds like someone cheating with a guaranteed way to make money if trader does XYZ everytime. I don't even think about edge stuff.

As a matter of fact, I don't have no damn edge. I stare at the chart and make bets price will go one way or the other based on my own decision making.