You have an edge if the trades you take over a statistically relevant period of time have a net positive expectancy. In other words… How you trade needs to make money over weeks, months and years. Your indicator diarrhea based, extensively back-tested blah-blah-blah is of no use if the execution is appalling. Does how you execute, manage and evolve as a trader net you profit over time?
Hand wringing about how you detail or characterise your ‘edge’ is pretty much a waste of time because all you need to know is whether you have one or not. To do this all you can do is look at your results.
If you make money then you have an edge. It is likely that this is the result of a ridiculous amount of study, losses, perseverance, pain, irritation, despair etc. then at some point this becomes familiarity, belief, success, euphoria, process orientation and ultimately boredom.You should then be able to show/teach another person how you trade. You really know how to do something when you can teach it to someone else so clearly they can pass it on successfully to a third party you’ve never met.At this point the student/teacher process breaks partly due to issues around risk but mainly because of the third leg of the stool…
Last Close : 8121 level.
Above is Daily Chart of Nifty Future
From Last 3 Days ,We are writing :
8101 & 8162 are Hurdles
Now Crossover and close above 8162 ,Next Target : 8250—8280 is possible in this month.
7750—————7680 as Major Support or ROCK SUPPORT !
Triangle Target :8238 level.
Inverse Head & Shoulder Target : 8190 level.
From this level of 8121………………Rally of Another 70 to 120 point is left
12th Session -Will see Unexpected level.
Today’s Hurdle & Target ………………….8155-8163 level.
Once crosses 8163 level with volumes and stays above for 15-20 minutes ,Nonstop Rally upto 8193 is possible.
101% More Details to our Subscribers.
Indicating……………Be Cautious at Higher levels (Short Term Top and Sharp Intraday Fall +2 to 3 Days sharp correction will happen )
Intraday Reversal Point and Support levels ………….to our Subscribers
Last Thursday ,We told our Subscribers :Buy 8100——-8200———-8300 call & RELAX
Buy 7600 Put.
Now From Last 2 sessions ,We are buying 8000 PUT -Bought at 78-71-59…..Will add more in panic upto 8200-8240 level too.
More Details to our Subscribers ,Updated at 8:28/03rd Sept/Baroda/India