Derek Jeter, of the New York Yankees, does a commercial for Ford. In it he says that you need an edge in order to get ahead in life. Well, I don’t think I need a Ford Edge, but it does bring to mind that I need a trading edge. Without a trading edge one can never succeed.
An edge is not only the win-loss percentage of a system, but its expectation. Successful trading requires positive expectancy. That is where the edge lies--and how you can get ahead in life.