In the video I posted, he briefly mentioned an intraday-day options strategy that was based on some volatility research. Once that research was made public/accessible, he knew it would no longer be working.
Though it seems obvious,he nailed it that to find edge,you would be best off looking in "uncompetitive" places..Easier said than done,but it does exist,be it for a day or 2 years. behold, humanity.[/QUOTE]
Edges that persist we call "risk premia," or sometimes "smart beta." Equity risk premium, VRP, carry, momentum... there are actually quite a few of them.
he trades options that I can tell, I don't. I won't. you lose. go hound someone who finds you to be a worthy adversary, because I don't.
I'm not sure how to compute a risk adjusted return. (you don't have to explain it, it'll be way over my head). I use return over max drawdown. It is said if you can't define your edge you don't have one. If someone ask me what my edge is I tell them, I buy stocks that are going up and hold them until they change trend, and I don't hold losers in my account
Is trading stocks with the trend enough of an edge? It might not be enough if your winners are not big enough to pay for the losers. You didn't include what your definition of a trend change is, which is probably important.