What defines an "Edge".

dbphoenix · Mar 30, 2015

zdreg said:
it is unimportant whether the edges are permanent or not. you keep looking for new ones or even look at old ones which may reappear.
your post is noteworthy because it dispels the notion that that an edge means being a market predictor.

Depends on the edge.

trickshot · Mar 30, 2015

zdreg said:
the important part of your post is the 1st sentence which includes that an edge does not mean being a market predictor.

Yea that was the whole point of my post actually.

zdreg · Mar 30, 2015

dbphoenix said:
That's what I meant And you are correct to be so, given the turn this thread has already taken.

this an excellent thread ex-your trash talk. there is more to be gain from an open forum because insights can come from anywhere. learn the art of skimming

dbphoenix · Mar 30, 2015

zdreg said:
this an excellent thread ex-your trash talk. there is more to be gain from an open forum because insights can come from anywhere. learn the art of skimming

Marketsurfer makes me feel trashy.

Gringo · Mar 30, 2015

My good looks are an edge. This edge helped me find a life partner who can easily support me and the family. I maximized the profit potential of this edge by using it while the odds were most favorable and before the edge faded away.

eurusdzn · Mar 30, 2015

I did not know the government cared how one looks.
Sorry, but.....

marketsurfer · Mar 30, 2015

Nitro summed this up way back in 2002 when asked what an edge is--- this is absolute brilliance---

It is glaringly obvious when you have it, and you get REAL worried everyday that it might be "taken away"...

nitro

http://www.elitetrader.com/et/index.php?threads/what-is-an-edge.10470/

fortydraws · Mar 30, 2015

marketsurfer said:
--- this is absolute brilliance---

It is glaringly obvious when you have it, and you get REAL worried everyday that it might be "taken away"...

Is it any wonder so many fail at this endeavor when the instinct of the many seems to be to ignore shared language and the meaning of words (acting as though words have no meaning other than what any individual chooses to attribute to them) and then furthermore to ignore the existence of the branch of mathematics known as probability and statistics?

If one knows the definition of "edge," then one should be able to identify whether he or she has an approach or method that provides an edge. If, on the other hand, one simply wanders around wondering "is this an edge? Is that an edge?" then one will ... simply continue to wander and wonder.

marketsurfer · Mar 30, 2015

fortydraws said:
Is it any wonder so many fail at this endeavor when the instinct of the many seems to be to ignore shared language and the meaning of words (acting as though words have no meaning other than what any individual chooses to attribute to them) and then furthermore to ignore the existence of the branch of mathematics known as probability and statistics?

If one knows the definition of "edge," then one should be able to identify whether he or she has an approach or method that provides an edge. If, on the other hand, one simply wanders around wondering "is this an edge? Is that an edge?" then one will ... simply continue to wander and wonder.

DB Phoenix likes this post? He likes the very things that destroy his claims and total market philosophy? Bizzare.

The price action folks use the terms "probability and statistics" but fail to post any proof other than repeating the terms to appear learned. When real statisticians apply the science to TA or price action-- the results indicate no edge. You just can't use these terms without backing up your words with the tests that prove them.

Here comes the meaningless anecdotal evidence, personal attacks, and ridiculous claims. Get ready!

dbphoenix · Mar 30, 2015

marketsurfer said:
DB Phoenix likes this post? He likes the very things that destroy his claims and total market philosophy? Bizzare.

Hardly.

Again:

The edge begins with the knowledge one gains through his research and testing that a particular market behavior offers a level of predictability that provides a consistently profitable outcome over time (from Douglas).