Is it important to define your edge mathematically? If so, how do you go about finding one?

[Frederick Foresight]

1. No. Let's say my edge is insider trading. You can't put a number on that...

Well, maybe a phone number.

 

[deaddog]

Or the number of years you spend in jail.

 

[SunTrader]

Majority of traders lose because they focus so much ..... on how much they can win, not lose.

 

[Sprout]

View attachment 316026

Or the number of years you spend in jail.

Fun facts:
1) “Smart Money” was coined/derived from traders having “inside information” in horse racing / other betting venues.
2) Not illegal in commodities due to the fact that participants in industrial production have material knowledge advantage.

 

[SimpleMeLike]

View attachment 316026

Or the number of years you spend in jail.

Hello deaddog,

That is the cost of Guaranteed Trading Edge.