Is it important to define your edge mathematically? If so, how do you go about finding one?

Well, maybe a phone number.

 

Or the number of years you spend in jail.

 

Majority of traders lose because they focus so much ..... on how much they can win, not lose.

 

Fun facts:
1) “Smart Money” was coined/derived from traders having “inside information” in horse racing / other betting venues.
2) Not illegal in commodities due to the fact that participants in industrial production have material knowledge advantage.

 

Hello deaddog,

That is the cost of Guaranteed Trading Edge.