In one sentence, what is your edge for 2019?

Having an edge means you are better / earlier / superior than
your competitors / other traders because
you know something , some info , some tricks they don't know.

You don't need an edge.

You just need to be better then your previous self.
 
SimpleMeLike said:
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.
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Coolest thing from Trading in the Zone (I think) was the exercise where you are to make random entries and money manage your way to a profit.
 
themickey said:
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?
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I have spent last eight years studying, back testing hedging and other ideas of trading, hedging can be done using futures like Indexes if hedging stocks, or options. Without going in depth responses cause I simply don't want to share what I have learned, there is much to doing it in different ways, plus keeping drawdowns very low. Whereas not hedging, you will encounter drawdowns that will have to be made up to just get to even on your account. If you have 15 losing trades in a row and use 2% risk, you are going to have to make approx. 30% to bring account back to 0% on the year. Whereas with hedging, doing exact same trades, can be positive for the year, take loss on the underlying and keeping the long Puts longer till entire loss recovered and then some. So instead of having 30% drawdown, with hedges much less and therefore can beat the "averages" with smaller gains than the not hedged 30% drawdown. Much depends on profitable percentages and R to R.
 
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