30 Day Challenge - The Psychology of Trading - Part 2

[strobe9]

an edge is a positive advantage that is exploited to achieve alpha through opportunities. the opportunities themselves are not an edge. just because you play does not mean you win. however, opportunity is required to realize an edge. you have to play to win. mindset , money / risk management, and a proven technical / fundamental methodology, in that order, that is in tune with an individual's trading personality and preferably unique to that individual IS the edge.

[accendotraders]

@strobe9 Great Comment - the problem is most people do not have any rules for trading and thus have not put the probabilities of the trade working in their favor. Marcel Link said anybody can place a trade, but making money is a whole different deal.