traders without edge are gamblers with money management traders without money management are gamblers, not traders. edge is exploiting an inefficiency in the marketplace or acting on information such as order flow, rumor from trusted sources, et al.
the version of the law of large numbers applied wherein multiple positions are taken then weeded out of the non performers--- how the real trend followers make money when they don't have real edge--- this tactic has a smaller element of luck but it still applies or should i say LUCK is easier to access when this concept is applied??
Yes, you can depend on luck, if your willing to expose yourself to enough randomness to allow it to happen.
surf
