In one sentence, what is your edge for 2019?

Discussion in 'Trading' started by tonyf, Feb 13, 2019.

  1. Visaria

    Visaria

    Good, once you accept this, you are on your way.
     
    #41     Feb 13, 2019
  2. Visaria

    Visaria

    Yes...the entries are easy....the exits are hard.
     
    #42     Feb 13, 2019
    SimpleMeLike likes this.
  3. Visaria,

    You are 1000% right on that part.
     
    #43     Feb 13, 2019
  4. maxinger

    maxinger

    Having an edge means you are better / earlier / superior than
    your competitors / other traders because
    you know something , some info , some tricks they don't know.

    You don't need an edge.

    You just need to be better then your previous self.
     
    #44     Feb 13, 2019
    SimpleMeLike likes this.
  5. Don't kid yourself. It's all hard.
     
    #45     Feb 13, 2019
    d08 and fan27 like this.
  6. Coolest thing from Trading in the Zone (I think) was the exercise where you are to make random entries and money manage your way to a profit.
     
    #46     Feb 13, 2019
    SimpleMeLike likes this.
  7. heypa

    heypa

    The best edge is improvement.When you stop improving you start losing.
     
    #47     Feb 13, 2019
    SimpleMeLike likes this.
  8. Handle123

    Handle123

    I have spent last eight years studying, back testing hedging and other ideas of trading, hedging can be done using futures like Indexes if hedging stocks, or options. Without going in depth responses cause I simply don't want to share what I have learned, there is much to doing it in different ways, plus keeping drawdowns very low. Whereas not hedging, you will encounter drawdowns that will have to be made up to just get to even on your account. If you have 15 losing trades in a row and use 2% risk, you are going to have to make approx. 30% to bring account back to 0% on the year. Whereas with hedging, doing exact same trades, can be positive for the year, take loss on the underlying and keeping the long Puts longer till entire loss recovered and then some. So instead of having 30% drawdown, with hedges much less and therefore can beat the "averages" with smaller gains than the not hedged 30% drawdown. Much depends on profitable percentages and R to R.
     
    #48     Feb 13, 2019
    billv and Grantx like this.
  9. LanceJ

    LanceJ

    Trade Less
     
    #49     Feb 14, 2019
  10. traider

    traider

    My edge is my hedge.
    Once hedged I look for rising wedge.
    Trial by fire, I earn my badge.
     
    #50     Feb 14, 2019
    maxinger likes this.