Edge is something we can easily start to take for granted after even a ton of experience. All of our trading practices evolve and develop so it can be easy to stray off this essential requirement. systems can become more sophisticated or become really basic, but either way its easy to become blind to the longer-term implications.
What is your edge?
My aim is to use strict rules to confirm a trend, and then follow it. The tendency of price in a trend to continue in the direction of the trend gives me what I would say is a true edge.
A false edge I'm going to say would be an approach that says something like, "I'll know the long entry set-up on the chart when I see it".
Another might be, "I look for charts that are over-bought and go short at the top". That's not an edge.
Do you want to share your edge? Can you show its a true edge?
What is your edge?
My aim is to use strict rules to confirm a trend, and then follow it. The tendency of price in a trend to continue in the direction of the trend gives me what I would say is a true edge.
A false edge I'm going to say would be an approach that says something like, "I'll know the long entry set-up on the chart when I see it".
Another might be, "I look for charts that are over-bought and go short at the top". That's not an edge.
Do you want to share your edge? Can you show its a true edge?
What is your edge?
