Edge

Discussion in 'Trading' started by white, Mar 14, 2002.

  1. Experience.
     
    #11     Mar 15, 2002
  2. EdBartako

    EdBartako

    As a brand spanking new, full time position trader (finishing my fourth week) my edge is:

    preserving my initial capital

    knowing how much risk I am taking ($ and %)

    understanding what my risk really is

    what my objectives are

    following my written trading plan

    written business plan (almost finished)

    patience

    realizing being out of a market IS a position

    knowing I'm in for the long haul

    daily journal

    making mistakes (so far small ones) and learning from them

    assuming I am wrong and waiting to be proven right, instead of the other way around

    double and triple checking my orders (think I'm a closet dyslexic) before sending 'em in

    being able to put my losses behind me

    keeping a sense of humor

    knowing there is no spoon and it's all a game

    and having a fully supportive wife and family (they all love Cocoa)
     
    #12     Mar 15, 2002
  3. My biggest edge is having a fully supportive wife. Both emotionally and financially. She has been a tower of strength during this long, long learning curve. I couldn't be doing this without her.
     
    #13     Mar 15, 2002
  4. CNBC and RealMoney.com


    NOT
    :D
     
    #14     Mar 16, 2002