The Meaning of A Trading Edge

[Wide Tailz]

Quote from oilfxpro:

Buying a trend trading course from a vendor can give you an edge?

We're you back testing anything else besides the system?

Do you think I "buy" trend trading courses?

 

[bwolinsky]

Quote from Wide Tailz:

Do you think I "buy" trend trading courses?

No, you just misinterpret the definition of trend and delay entries for far too long. You have a conceptual disadvantage in the screenshots from code I saw in your pms.

 

[mastertrader456]

If you can not identify your 'edge' in a trade then there is no trade to be made. What factor is it that gives you the conviction to make the trade. The bigger the edge, the greater the conviction. It is entirely how I size my trades.

 

[Wide Tailz]

Quote from bwolinsky:

No, you just misinterpret the definition of trend and delay entries for far too long. You have a conceptual disadvantage in the screenshots from code I saw in your pms.

I'm not ashamed of underperforming your superior system.

 

[oilfxpro]

Quote from Wide Tailz:

Do you think I "buy" trend trading courses?

No , maybe some scammers think you can give an edge with a trend trading course.An edge may not be identifiable.

 

[ammo]

Quote from tradingjournals:

You mean place/state/condition that leads to dollars being dropped on the street, but which cannot be seen by everyone?

What is long enough, and how to make sure it is still long enough?

as long as you want,as long as it holds, the simplest edge is to identify support or resistance and trade towards it as we approach and away from it as we repel,minimizing losses when it breaks and maximizing profits when they hold

 

[flipside21]

Quote from tradingjournals:

The Meaning of A Trading Edge: Please describe what it means to you. I asking for it because it is my belief that a trader is part of the loop to which the edge is attached/related.

Try to be crisp/succinct in your description, but you can think out loud if you desire/require.

Any aspect of market behavior a trader uses to generate consistent profitability.

For Marty Schwartz, he likes the 20 day MA and other TA tools. Richard Donchian trend followers used MA crossovers. Jim Rogers relies principally on fundamental analysis. Paul Tudor Jones likes Elliott Wave Analysis. Jim Simmons has computer programmers that crunch data to find non-random behavior. Each of these individuals are successful, but all generate that profitability from different methodologies.

Also, edges constantly change. What worked very well last year may not work as well today. You always have to adapt to changing market conditions. Even supertrader Jesse Livermore couldn't make money some years. Commodity whiz Peter Brandt had a string of several consecutive years of flat returns. Good traders can recognize subtle changes in the market environment and alter his trading in order that he continues to have an edge that allows him to make money.

 

[spider348]

There are no edges because there are too many others out there who are smarter, richer and have more power than I who also see everything.
I prefer to use the term "my trade" which is simply my technique that I find profitable and easy to use.