All too many times I hear of the need to have an "edge" in your trading plan.
Something that gives you the upper hand on the next guy so you can take his money before he takes yours! I've heard this time and time again, and well..... I guess Im trying to figure out what my edge is?? Do I even have an edge?? How can I gain an edge on my competition?? Are Banks, Hedge funds, MM's the only people that truly have an edge in that they are the ones with enough money to really move the markets? Is the notion that a small retail trader like myself can compete and have an edge over these guys just an illusion?? Id like to hear from others on what their thoughts may be on this subject....
Do you have an edge?? If so, how did you find it? How do you define what your edge may be? How do you know when your "edge" is working, and when it is not working?
Is there ever a time where your edge stops working and needs some adjustments?
No, Im not trying to "steal" your edge, However, I would like to know how I can define my "Edge" . My trading plan is incomplete until I can truly find out what my Edge may be??
Im looking forward to some feedback!
Good day..
Something that gives you the upper hand on the next guy so you can take his money before he takes yours! I've heard this time and time again, and well..... I guess Im trying to figure out what my edge is?? Do I even have an edge?? How can I gain an edge on my competition?? Are Banks, Hedge funds, MM's the only people that truly have an edge in that they are the ones with enough money to really move the markets? Is the notion that a small retail trader like myself can compete and have an edge over these guys just an illusion?? Id like to hear from others on what their thoughts may be on this subject....
Do you have an edge?? If so, how did you find it? How do you define what your edge may be? How do you know when your "edge" is working, and when it is not working?
Is there ever a time where your edge stops working and needs some adjustments?
No, Im not trying to "steal" your edge, However, I would like to know how I can define my "Edge" . My trading plan is incomplete until I can truly find out what my Edge may be??
Im looking forward to some feedback!
Good day..
Things can get Real ugly, Real quick!!!