What Marketsurfer Believes

Source? When?

 

# 17

What defines an edge? I define an edge as a novel and profitable approach to the markets. It can't be the same old thing everyone else is doing by definition. An edge can not last for long. If the market doesn't evolve it out of existence, the regulators will ban it. Otherwise it is not a true edge. Just because when earns a profit trading does not mean he/she has an edge. surf

 

Can good $ management in absence of your 'edge' overcome randomness produce profit, in your opinion?

 

Yes

 

true edge is fleeting? good $ management persistent?

which do you choose to pursue?

 

Edge because with money management you will only squeak out profits--- I am in this game to win big, not churn out a poor man's salary. surf

 

ONLY squeak out profit? SIGN ME UP!

i prefer 'grinding' profit than betting lottery ticket windfall

 

That's cool. Its just not for me. surf

 

you gambler, want go all in, or not trade at all?

i'll take all other bets

have nice day

 

Absolutely not. You are not understanding at all. The central tenant to all financial markets is that risk equals reward. One needs to take risk to get reward, there is no way around this.

Making income is for a job or your business, the market is to make money. When the time is right, you need to take risk to earn outsized gains===It's not all in gambling as position sizing and using information to tilt the odds are used but you still can lose obviously. surf