Quote from RsX:
The Edge?
It's not something that you alone would have e.g. the Holy Grail. It's simply something that most traders do not have, because they mostly lack patience or confidence to reach it. The edge is more about psychological and mental strength, consistency and strategy rather than some undiscovered secrets or miracles or UFOs or such. In my view, it's actually nothing more than:
methodology+discipline+experience+tools
prefix all those words with "decent trading", if you like. Most traders cannot achieve or simply believe in their edge even if they come close to it - the reason may be lack of patience, confidence or whatever. So the edge is simply the level of understanding the markets and knowing how to benefit from it. This is reached through solid experience only, be it good or bad. It's how you can handle the bad times, that will eventually either bring you the edge or then not. I mean, you might also think of the edge as really fast and accurate market data stream or really good insider information, but without training, experience and discipline you're still doomed.
The edge is to be found within.
Good trading.
