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The question of an edge

  #32 (permalink)

Market Wizard
Birmingham UK
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: TST/Rithmic
Favorite Futures: YM/Gold
 
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Posts: 3,650 since Dec 2012
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kevinkdog View Post
Negative expectancy trading method, Poor psychology, money management, discipline : You LOSE
Negative expectancy trading method, Excellent psychology, money management, discipline : You LOSE
Positive expectancy trading method, Poor psychology, money management, discipline : You LOSE
Positive expectancy trading method, Excellent psychology, money management, discipline : You WIN

We all most definitely agree on the two components.

The only difference is that system/professional guys start the sentence with expectancy, and assume that psychology is a given, otherwise they would be in a different job; whereas any of us mere retail traders that have a decent amount of experience start the sentence with psychology, knowing that if we don't crack that we aren't going to find any expectancy anyway.

Anybody else starting out has to discover the hard way that both worlds are inhospitable places to live in.

Cheers

Travel Well
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