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What Marketsurfer Believes
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# 17
What defines an edge? I define an edge as a novel and profitable approach to the markets. It can't be the same old thing everyone else is doing by definition. An edge can not last for long. If the market doesn't evolve it out of existence, the regulators will ban it. Otherwise it is not a true edge. Just because when earns a profit trading does not mean he/she has an edge. surf
What defines an edge? I define an edge as a novel and profitable approach to the markets. It can't be the same old thing everyone else is doing by definition. An edge can not last for long. If the market doesn't evolve it out of existence, the regulators will ban it. Otherwise it is not a true edge. Just because when earns a profit trading does not mean he/she has an edge. surf
Can good $ management in absence of your 'edge' overcome randomness produce profit, in your opinion?
true edge is fleeting? good $ management persistent?
which do you choose to pursue?
Edge because with money management you will only squeak out profits--- I am in this game to win big, not churn out a poor man's salary. surf
ONLY squeak out profit? SIGN ME UP!
i prefer 'grinding' profit than betting lottery ticket windfall
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That's cool. Its just not for me. surf
you gambler, want go all in, or not trade at all?
i'll take all other bets
have nice day
you gambler, want go all in, or not trade at all?
i'll take all other bets
have nice day
Absolutely not. You are not understanding at all. The central tenant to all financial markets is that risk equals reward. One needs to take risk to get reward, there is no way around this.
Making income is for a job or your business, the market is to make money. When the time is right, you need to take risk to earn outsized gains===It's not all in gambling as position sizing and using information to tilt the odds are used but you still can lose obviously. surf
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