moonchild
VIP Contributor
In trading, you are facing a lot of competitions from brokers, other retail traders and also market makers, it is very ideal to have an edge to win, you need to have an advantage, like what sets you apart, for me, my number one edge in the market is my ability to sit out trades and wait for the right opportunity to execute my trades, asa beginner or an intermediate this is really something you need to pay great attention to, it is very simple just ask yourself about what comes to you naturally without trying, you can do this by introspecting.
Some people edge is having enough capital to withstand a drawdown, so, it just do not bother them, they just go in any ways, other set of trader's edge is, candlestick patterns because they know them like the back of their hand and they back tested it for a very long time.
So, as you can see it is not a one size fits all, you just need to perfect your edge, if you do not have any at the moment, there is no need to worry just ask yourself what is it that you know how to do very well in trading and how can you use it to your advantage.
Some people edge is having enough capital to withstand a drawdown, so, it just do not bother them, they just go in any ways, other set of trader's edge is, candlestick patterns because they know them like the back of their hand and they back tested it for a very long time.
So, as you can see it is not a one size fits all, you just need to perfect your edge, if you do not have any at the moment, there is no need to worry just ask yourself what is it that you know how to do very well in trading and how can you use it to your advantage.