What defines an "Edge".

[SunTrader]

What trades in a pit anymore???

 

[algofy]

What trades in a pit anymore???

Very little.

 

[Spectre2007]

Methodology from the pit can be coded into algo..

 

[SunTrader]

I think I will follow what the pit traders did when the pits closed. Adjust/adapt to what is happening on the screen.

 

[Alpha Trader]

I think I will follow what the pit traders did when the pits closed. Adjust/adapt to what is happening on the screen.

@SunTrader pit traders tried to adapt to the screens as this was the only business they knew. Most tried very hard and most failed. It's just because the nature of the "game" changed so much, that adoption required a whole new skill set and a very different psychology to accompany that, and that was not conducive with most. A few survived; the rest dropped off.

The below documentary is an interesting one regarding the emergence of electronic trading.

 

[SunTrader]

... Most tried very hard and most failed.

Source?

 

[Trading Education Buyer]

You have zero edge , unless you have a mental edge .All your illusionary edges are worth zero , if you can't execute your edge.

 

[SunTrader]

Baaaaarilliant.

Having an edge is ... executing it. Otherwise you don't have one.

 

[Trading Education Buyer]