Thursday, 22 January 2009

Trade With An Edge

"Trading with an edge is what separates the professionals from the amateurs. Ignore this and you will be eaten by those who don't."
Source: Curtis M. Faith: Way of the Turtle


This applies to investing as well. You have to have some kind of strategy or plan that gives you an advantage to making good decisions in the selection of investments or trades. Without it, you are gambling. Having an "edge" separates winners from losers. The stock market does not create wealth. It is a method of transfer. The majority of losers transfer their wealth to the minority of winners.

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