Are you predicting or not?
Traders often say "I don't predict anything; I just follow my system." I've always found this a little bit curious because when you trade you are making a prediction, based…
Writing prompts: what is an edge in trading?
I received an interesting email from a friend who is doing a survey. In that email, he asked a few questions about trading. As I thought about these, I decided…
Evaluating a trade edge: is it good or not?
This will be the last post in a short series in which we have looked at ways to quantify and to understand a trading edge. This series was motivated by…