The AlphaMind Podcast

#85 Sources of Trading Edge

February 20, 2022 Steven Goldstein & Mark Randall Season 3 Episode 4
The AlphaMind Podcast
#85 Sources of Trading Edge
Show Notes Chapter Markers

When it comes to trading, finding your trading edge and learning how to sharpen your trading edge, are what ultimately define whether you succeed or fail. 

 We believe there are 3 main sources of edge for traders, and that these 3 edges support each other to make each edge more potent and powerful. Developing trading mastery however requires the combining of the edges into one singular sustainable practice that is unique to the trader and which powers their success in the complex, uncertain and challenging situations they face.

In this episode, AlphaMind podcast hosts Steve and Mark discuss this topic and illuminate for listeners how these 3 sources of edge are so vital to success and survival in financial markets.

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The Conversation Starts
System or Method are not the defining edge
Edge is deep and not fixed
Trading is a Performance Activity
There are 3 keys edges
The 2nd Edge is Risk Process
Luck happens in trading, accepting that is an edge
The zero to one multiplier of the Self Edge
Tilt State
Ego: The Disease of Me
Mood in trading: Negative Neural overload
The 3rd Edge – The Self Edge and the ability to be present
Day Trading – Overdoing it and losing the focus
Self-Awareness and Trading
Courage is the Antidote to fear
Revisiting the 3 main sources of edge
You have to constantly work on it