An edge is a system or method that gives you a positive expectancy.
TRO
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DislikedThank you for sharing all your thoughts. To me, there is just so many
different interpretations of what an Edge can be. My main reason for
starting this thread was to get other peoples feedback in hopes of being able
to find out what my trading edge is, then applying it to my trading plan.. I can see I am going to have to tweak my plan tonight and really sit down and define what my edge will be... I guess im confusing my trading plan as my edge and my edge as my trading plan. Maybe they are one in the same???
Thanks again for all your thoughts...Ignored
DislikedAre you saying your opinion is that Forex is not infact Zero sum?
If you beleive It is not Zero-sum then you are saying that more money can be made from trading than is lost(or v.v.), as a whole.
Hey leon --- nice to see ya
I FIRMLY believe that "zero sum" is the deep hidden desire behind someones attitude that does NOTHING else in the world for the common good, except perhaps pay taxes, and we know they will try to hide as much of that as possible. --- my thoughts are below, so no need to go into them again, but to me its simply a silly game played with real money, more akin to 3 dimensional chess than any "warfare" or "beating someone else" principals !
For you to be teaching people how to trade, you need to be suplying all trading info, where to enter, where to TP and more importantly how to place a SL. If you are not teaching others exactly how you turn a profit including all the above variables, then that is an incomplete method and nobody knows If each individual will be profitable.
it is fully understood that I can not expect each and every one of those 44K viewers to go forth and create fortunes in the forex market in the next two days, but i have every reason to believe that i may just help change the drop out rate to below its commonly accepted 95%, IF the peeps pay attention, test the principles of what i teach completely until they understand FULLY and then go forth with CONFIDENCE and KNOWLEDGE.
I DO teach where to enter, where to place your tp's and allow others to advise on sl's as i have NO IDEA of how to use them, except NOT to use them ---- by the very definition of what you consider TEACHING, I have achieved each and every definition, have i not ?
I would have commented on your statements regarding an 'Edge' but It would have been rather pointless, we are wandering in to opinion territory there and nothing can be proven either way.
I agree --- there is more than one way to dress your mistress, and I only have my way !
Take note, this is not an attack, just two questions and a statement. I have no intention of this turning in to some shit slinging.
heck, i wouldnt even think of slinging popcorn --- gets nowhere !Ignored
DislikedAn edge is a system or method that gives you a positive expectancy.Ignored
DislikedIMO...
You need to find an edge first, and then build a trading plan around it, it wont work any other way.Ignored
DislikedOr another way to say it is:
A system or method that gives you a positive expectancy has an edge.
Put that with my previous post:
Edge - Higher probability of one outcome over another.
How about:
An Edge is a system or method that gives a higher probability of one outcome over another with positive expectancy.Ignored
DislikedOr another way to say it is:
A system or method that gives you a positive expectancy has an edge.
Put that with my previous post:
Edge - Higher probability of one outcome over another.
How about:
An Edge is a system or method that gives a higher probability of one outcome over another with positive expectancy.Ignored
DislikedA simple bollinger can be defined as a edge if you know how to use it,
and that comes with EXPIRIENCE!!!Ignored
DislikedOk...WON'T FIND HERE!!!
And yes I agree with you, you can find edge anywhere...Im just looking
at one on the corner of my computer table.Ignored
DislikedA simple bollinger can be defined as a edge if you know how to use it, and that comes with EXPIRIENCE!!!
There is no edge, it is just a another word for profitable trading......either you know how to trade, or youdont
!
THERE IS NO MAGICAL FORMULA THAT WILL MAKE YOU WIN.Ignored
DislikedWhat does a bollinger band have do with what I posted?
You say there is 'no edge' and then say an edge is another word for profitable trading. How can there be an edge and no edge? You just defined what an edge is in the same sentence where you said an edge doesn't exist.
Your statement "knowing how to trade profitably" basically is saying you have an edge. I agree with this statement because if you didn't have an edge you wouldn't be profitable over the long run.Ignored
DislikedLOL....paradox, isnt it!??
When I say using bollinger can be an "edge", I dont mean that anybody can take it, and trade it profitable!!!
I trade BB, but from my experience, I can easily see what is happening
in background, where the price can go, what are sr levels...etc
Expirience is what makes you profitable, not a magical formula!Ignored