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The question of an edge

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Bridgeport, Ct
Trading Experience: Intermediate
Platform: Sierra
Broker/Data: IB/Sierra
Favorite Futures: Oil, Nat Gas, ES
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Posts: 475 since Jun 2012
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Grantx View Post
Positive expectancy is the sum of the parts and fluctuates along in direct response to the input. Its a representation of how disciplined you are with all the points listed (and others).

Firstly, to ask the question 'what do you think of this or that strategy' is a silly thing to ask in the first place. But equally baffling is to ask whats your edge or do you have a positive expectancy? Edge and expectancy is only relevant right now, because these metrics can change. You cant rely on your expectancy for anything. Or can you? What do you do with it?

I'm sorry, but you're wrong. You can't conjure profit through positive thoughts, writing in a journal, screen time or discipline in financial markets. If what you are doing is mathematically unsound you will lose. Those things you listed are prerequisite to success and may help you adjust yourself to attaining an edge. By themselves they do not equal one. You must have a positive mathematical expectancy. Everything else is secondary.

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