There are some very sharp minds on this site(real intellectual heavyweights) and i have had the good fortune to read their profound discourses on what constitutes an edge. How without an edge one is trading with negative expectancy, etc.etc.
Assuming level playing fields (no insider information),IMHO an edge is nothing more than the ability to recognise recurring patterns in the market. I believe sound money management and pattern recognition are as good an edge as one could hope for.
I am starting this journal for my live trades with what i believe is my edge.
I will be trading Cable on intraday basis. I will be risking 2% or less per trade.
I use no indicators to enter or exit my trades. I do use Pitchforks and Fib Retracements to analyse the market.
Starting sum $150K
Please note the purpose of this thread is not to argue the relative merits of my beliefs.
Z
Assuming level playing fields (no insider information),IMHO an edge is nothing more than the ability to recognise recurring patterns in the market. I believe sound money management and pattern recognition are as good an edge as one could hope for.
I am starting this journal for my live trades with what i believe is my edge.
I will be trading Cable on intraday basis. I will be risking 2% or less per trade.
I use no indicators to enter or exit my trades. I do use Pitchforks and Fib Retracements to analyse the market.
Starting sum $150K
Please note the purpose of this thread is not to argue the relative merits of my beliefs.
Z