What's an edge?

vital-statistix · Jul 28, 2006

the old saying is: when you sit down at a poker table and if you do not know within 5 minutes who is the sucker then it is you.

you'll know when you have an edge and if you have to ask then you have not got one.

vital statistics

dnaj65000 · Jul 28, 2006

Quote from RsX:

The Edge?

It's not something that you alone would have e.g. the Holy Grail. It's simply something that most traders do not have, because they mostly lack patience or confidence to reach it. The edge is more about psychological and mental strength, consistency and strategy rather than some undiscovered secrets or miracles or UFOs or such. In my view, it's actually nothing more than:

methodology+discipline+experience+tools

prefix all those words with "decent trading", if you like. Most traders cannot achieve or simply believe in their edge even if they come close to it - the reason may be lack of patience, confidence or whatever. So the edge is simply the level of understanding the markets and knowing how to benefit from it. This is reached through solid experience only, be it good or bad. It's how you can handle the bad times, that will eventually either bring you the edge or then not. I mean, you might also think of the edge as really fast and accurate market data stream or really good insider information, but without training, experience and discipline you're still doomed.

The edge is to be found within.

Good trading.
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As this user's first post, it is filled with wisdom. These words are the words of a trader who's seen a lot and knows what's the truth and what's just fluff. Great post! If you do not identify with what he has to say, then you haven't been in the market long enough.

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What's an edge?

vital-statistix

dnaj65000