How to Develop Winning Trading Strategies (with real-world edge)

[@smbcapital]

SMB's Trading Workshop: bit.ly/3V0WOV5 Lance on Twitter: twitter.com/TheOneLanceB

[@nc1975]

Yes. Teach us an edge that we can mimic.

[@nc1975]

Dude, give us some strategies that have Edge!

[@NonAstrologer1]

Yes, please go more into the details about strategy development, particularly hypotheses and reverse engineering. It would be awesome to see more examples.

[@jeffxtrades]

I agree. This kind of analysis is insanely helpful

[@stevenheidenreich8829]

Also agree...really great video and I would love to hear more!

[@werlefineart]

Yes! A 'Developing Your Edge' series would be highly appreciated. Thank you for all the amazing content.

[@CSaenz44]

YES! please make a in depth series, it’s hard to isolate certain variables for trading setups there is so much to analyze but what actually matters is what’s most important. Thank you guys

[@schanz0]

I'm a month late but your wisdom is so greatly appreciated by so many people Lance that a 102, 103, 104, ect..on this topic would be nothing but more if your amazing work. Thank you and SMB for all you do!!!

[@markelson4300]

I am thankful for y’all for making this video! This is single-handedly one of the most helpful videos I have ever watched in regards to where I am at on my journey right now. My hand still hurts from all the notes I just wrote. I have been asking myself ever since your original tweet, “how can I really develop an edge” and I would be even more grateful for this to be made into a multi-part series. Once you take an honest look at yourself and open your mind, this kind of information is gold!

[@dacoup5955]

Hey thank you so much everyone at SMB and Lance for taking the time to go over some core concepts that will develop great habits, with all the fluff out there its great to be able to come back to this channel to enjoy some hard introspective input on the subject ... I would absolutely love to come back to a video with a complete deep dive surrounding edge and strategy building, this is already a great template that will help me allocate my time efficiently.

[@jonasart1522]

yes for sure, a series about building an edge would be appriciated

[@gabrielgamboa3201]

I would absolutely love more detailed videos diving deeper into strategy development. Also I'd like to thank you Lance, Bella, and everyone at SMB for making such helpful videos and showing us what it really takes to become profitable.

[@rcbturbine9]

Mark Douglas entire book, Trading in the Zone, the best book on trader's mindset - assumes an edge. Lance is 100% right on.

[@ethanc-cs3yg]

Lance, just AWESOME! I’m understanding options trading thanks to you, SMB other resources but looking for strategies with edge is what I need. In all my education over 8 different careers, I need to 1. Know where we need to go (big picture), 2. All the ways to get there (setups), 3. How to avoid dying when it begins to go South. I’ve learned in my life sucking at school that girls start with 2 then go to 1. And, so they do better in school cuz most early teachers were girls. Bring it in Brother!

[@mikemorgan8565]

Great video lance. Would love to see further videos on this topic. Really appreciate everything you do giving back to the trading community .

[@j_rodphysique1532]

I rarely comment on youtube videos, this is absolutely a topic worthy of making it into a multi-part series. Thanks Lance!

[@RikimaruNobunaga]

This is priceless, everything else is noise. This is how you learn how to trade for real. Most valuable video from Lance and SMB so far for me

[@illyx6559]

This kind of content really resonates with because I’m just starting out and developing an edge is the single factor you could work to improve your chances in succeeding as a trader. Would love to see similar content delving further on the topic.

[@ramans1ngh]

You know when you feel the content is boring, it means you are at right place and you are actually taking trading as business not like playing in casino. FURU's just show you nothing. This is what it takes to actually becomes an profitable trader. Thanks for sharing these quality educational videos and even showing us that we are competing with Pro-Athletes of this game. I feel this game is difficult because first I have to work on myself to find working strategy then second to compete with all different types of player. In other sports, we have fixed number of players in a team and the opponent teams is also at same level. But in trading, all level of players are playing at same time. If I want to do good in trading I have to work. Can't complain. Thanks again for the education. I learn so much from your videos.

[@Pedro-vs1ex]

Yes, please! Great content Lance, it is a struggle to find edge but what you teach makes a lot of sense. Thanks for sharing your knowledge.

[@smithright]

6 star video, Lance and Bella. Thank you. This perspective aligns highly with my worldview, and I gained some valuable insights. The superabundance of junk food finance content in the world is very confusing to me. It seems to me that beginners need principles and not news. Associates need case logic and practice. Potential leaders need refinement. I think it could be useful to preface this for your audience in almost every video. Say who the video is for upfront. Elite traders need to optimize their sleep. Pre-beginners need to understand principles of valuation - and maybe how to sell options at low risk before they try to trade the news and discover unpublished edges. Almost no one is preaching principles of expected value and how to understand catalysts for mean reversion on KZbin. It seems to me that the only evergreen strategy is principled valuation, and all other trading patterns attenuate their edge over time. Even discovered patterns like gun sale report trade volumes can be described in the context of principled demand prediction as a subset of value theory. I think it should be taught that diversification across tested trading patterns with edge is the way to avoid outsized losses when edges attenuate... and that principled valuation and understanding of the sources and profiles of support and resistance is the source and method for naming new trading patterns with an edge.

[@anyfoolcanknow]

Futures trader here. Edge I'm currently developing: mean reversion trade in CL and NG. Characteristics. Parabolic move

[@nuxarbor2350]

Yes, I would appreciate it very much! Especially the hypothesis method would help me the most personally to find a stock in play, where the technicals finally play out. Being on my own with commonly available sources I relied very much on technicals. I see potential technical edge with a good hit rate but can´t really match it to the fundamental environment. Too often I found myself in trades, which showed clear rule complying technicals in foresight, but in result sideways or failing movement. The analysis of fundamental/news based catalysts always kind of intimidated me, because I´m not a financial expert and because of that in some news I can´t really process if there is a positive or negative reaction to anticipate in all of these types of news or numbers. Thank you for all your content and especially this one, because it added further clearity on what I was doing in my personal process.

[@cu8350]

I mean how can you create a better educational video than this? Obviously we have to be at a decent level to even comprehend the ideas here, but Lance, Steve, Mike, with volatility lowering here -I understand it's of the utmost importance to figure out edge. Was thinking about slim pickings earlier this week, but just representative of this new environment. Appreciate as always.

[@dan6831]

Lance, go for it and my gratitude for your good will. SMB 3 years.

[@user-tk3pp9eq7i]

This is the most valuable video I personally found SMB has ever made. Great work, Great resource.

[@Darius4640]

I would love to see a continuation into this topic ! I am already practicing some of the methods Lance described but I would like to GET BETTER, learn new things and bits by bits improve my ressearch on how to develop+Increase my edge !

[@Czechuser]

this theme is so needed. No BS and so professional

[@phoenixtrader1279]

Everything you post is so UNIQUE... thank you kindly SMB has turn the page since you have started to post on YTC... thank you again...

[@michaelbe797]

Yes, do this series please! Thank you for this video. I've been doing what you're saying in this video for a year now and I am still missing something. I have a feeling that I am to slow to utilize an idea. Whenever I find a trade 2-3 weeks later market is changing and the probability is collapsing significantly. Also big thanks for your content and what your doing for the trading community.

[@joefeinstein6804]

I think this is very true. I've noticed on the SMB videos how clean the charts are - they're choosing strongly trending stocks and selecting intelligent entry and exit points. I find myself thinking "of course it's an easy trade if the chart is trending that cleanly," then I realize that's a huge part of their edge - selecting the right stocks to begin with.

[@charlesz31415]

This is by far the most important, and frustrating, aspect for me, so please continue as a series!

[@georgekatcharava6087]

Lance is the only guy at SMB worth listening!

[@PhilipHochrun]

Lance what a fantastic video! I would very much like to see multiple videos based on Developing Winning Trading Strategies.... can't wait to see, watch part 2, 3, 4, 5, 6, 7 etc.... lets rock this!

[@RooIgle]

This series has great potential. The internet would be a much better place with it than without it.

[@lucrativetea]

Lance That was a great tweet bro, a historical data proven Edge is critical. Once you have your edge everything falls into place in time.

[@Ash_Green]

Yes!! The series would be much appreciated, Lance. Thank you so much for your time and consideration!

[@holajessie1049]

Of course start with multi-part series please. It was so helpful to start with. Thanks Lance and to the SMB team

[@Diedrikdejonge]

Definitely wants more of this. Haven’t seen any other video taking this perspective Looking forward to seeing more thanks 1 million times again

[@arianfusha1853]

Yes Lance! Please more videos on finding and developing edge. It's the most important part of trading imo. We need you man! lol

[@ayoutubewatcher7009]

what really hit home for me in the couple videos I've watched (now binge watching), is I have no edge and what I thought was a good strategy is not, it also made me question everything I'm doing, am I being to heavy on the risk management because the market we are in? are my setups working in this environment? am I utilizing my time efficiently? am I emotional, am I a robot, am I prepared enough when I put in screen time? currently, I am using this self evaluation and trying to figure out the SPECFIC problem and how to correct it.

[@vladbykovsky4300]

Thank you Lance! Please continue going deeper into the topic, this is very helpful.

[@dankarlo2096]

Thank you! Would love to see this become a multi-part series

[@buzzkeeto60]

Good stuff. I began this year to do detail digging to develop edge. It ain't easy, but it is productive. Do More.

[@TideV2]

Edge simply means positive EV as you said. There is no shortage of strategies with positive EV but there are very very very few traders with the discipline and psychology to execute them properly. This is why most traders fail. Meanwhile they run around chasing the silver bullet for trading hoping to find a way to guarantee winning trades. It doesnt exist. No matter what anyone tells you there is no such thing as a guarantee in the market. Every single trade has an uncertain outcome and as long as you have a positive EV it doesnt matter whether any trade is a winner or a loser, what matters is what you do with it. Your edge is you.

[@MitchMed]

This is really valuable content, creating systems for analyzing and dissecting events and testing hypotheses. Thanks for doing this and would love to see more!

[@chr971]

This is one of the best videos coming out of SMB, thanks Bella and Lance!

[@kartukm3n]

Yes. Please make this topic several more video. Really appreciate what you had tell us and looking foward to more input from smb

[@stephendias8683]

My favourite man.. Lance. Thanks for everything you are doing for the community.

[@anthonyvictor1369]

This would literally be the best video I've come across today

[@mrn0m]

Thank you, this video definitely helps to define a structure to create a strategy with edge.

[@simonhuber6859]

Please do an entire series on that. It’s awesome

[@ianfriesen235]

Yes Yes Yes!!! I would love to see more of this. Thank you Lance for this video, please make more of this content!!! I appreciate you very much !

[@growontap]

I've seen you do a couple of vids like this. A deeper dive into exactly how you're trading these would be super useful.

[@skbeachfun]

Please make more of these videos. Very relevant and helpful! Thank you.

[@tetraanon9742]

Yes, please make more detailed videos on this topic. This one alone was very helpful but a series would be even better.

[@GarryI449]

Fooled by randomness is a must read. Right up there with Rem. Of a Stock Operator, and those books by Bella! 😀 great video Lance and SMB, your content is always just so applicable…

[@MJQL]

Hi Lance, you mentioned something that are extremely important, please dive deeper into all the details, looking forward to the series in the future!!

[@mikeferguson6336]

Lance: You are superb! I am learning so much from your outstanding training. Thank you so much.

[@eddiejimenez9299]

I would like to know more on how to mimic a master even though I do follow several traders and their process. But, I don't mimic them because I felt like a copycat - and because of this presentation I realize like you said that everyone copies someone they learn from - Thanks Lance!!!

[@marliescallebert42]

I would for sure love more videos on this topic since I am still finding and fine tuning my edge!!

[@natanluiza2936]

Miyamoto Musashi is an immortalized example of how you can learn it yourself. But he warns that the journey is mind-warping and nearly impossible; it is not for most. Only the most formidable and intense rugged individualists. I did that. I'm doing very well as a momentum trader. It cost me my health. It took more time than most to be successful as a day trader, but we should know if it is our personality type. We should know if it is "self-worth it."

[@jonathangoldman5987]

YES! Please make this a regular series! And thank you for the content you have already posted.

[@husseinnasser4413]

More details please - this was fantastic - Thank you for putting it out there.

[@cnaccio]

Would absolutely love a series on this topic alone!

[@andrewo-trading8524]

Great video. I'd love to hear more on this topic. Also would like to hear your thoughts on how to determine if a strategy doesn't have edge before you waste time or money on it. Thank you!

[@nharmonickx]

Every video with Lance is gold!

[@Cmw-gr5hk]

please make a series this is valuable information thank you lance

[@hansk_trader]

Finally - somebody quantifies: What-is-meant-by-Edge. Everybody talks about it - Nobody explains it?!?

[@NannieWoods]

Thanks to your video - your steps about a habit of observation will help me manage my Market101 account.

[@920BLai]

Your video are invaluable and I’ve learned so much. Please do a series and continue the good works!

[@abdallahchoukair4676]

Please go into details! I would love a multi-part series that deep dives into edge would be amazing! PLEAASE

[@famrodriguez8109]

I hope that this will make another sequel Sir Lance, Thanks!

[@henrybecker9708]

Great Video it makes you think. I believe that I have an edge and have put that into an actual code that talks, prints and executes. Yet, do not know how to back test it to be sure my theory is correct. Can you comment on how to break down or get the source information to test an edge? Other than the book you mentioned. How can one write code to backtest theory? So interesting. Thanks for that mind blowing video. Warm regards.

[@options-trading-tools]

Yes, please go more into the details about strategy development, and a great thanks to SMB for all the excellent videos you provide. It so rare!!

[@dklox]

I'd suggest exploring how betting strategies can constitute the sole edge of a system and how they improve the setups that already have edge. Thanks for the quality content!

[@bartb4208]

Who wouldn't want real edge?... Yes Lance, please go for it!

[@wesleywhitaker6401]

Yes I would appreciate more detail on this topic.. thanks for the great info You guys at SMB always give great depth and detail. Thanks

[@sinvermerlas5331]

thank you Lance & SMB Capital for this. this single video lead through a breakthrough on my plateau in trading. truly valuable. can't thank you all enough. and I hope there are still more examples and the details on this, Lance. :)

[@ChopsticksBug88]

Yes, please dive deep and detail each area as much as you can 🙏

[@AresHeroSC]

Absolutely do more of these! This is the main piece I know I'm missing but I'm not entirely sure how to fix.

[@Shane-zk2pn]

YES! Please dive deeper, this is great stuff Lance! Thank you!

[@shivamdesai3377]

Happy Thanksgiving to everyone at SMB capital. Lance, this is a very important topic to learn for me and I beilieve for everyone in the trading community. Please make this a multi part series. Thank you.

[@marthalewis2952]

Love the content SMB produces - clear, concise and useful for someone starting out. Many thanks!

[@vallong6338]

Thank you for this very useful info Lance and SMB. Well organized, told and presented!

[@jameswdonoghue]

Great job Lance, do the series. This is your best video IMO.

[@omphilemataboge7746]

Very interesting information, I learn each time I listen to your videos. The first one was how you started off with routine and discipline. I would like to know more about this info from this video. Best regards 👽

[@chandlerhorsley1264]

Yes please! I would love to learn more about your perspective on developing edge. Thank you for your willingness to share!

[@davidjuvenal8233]

YES LANCE/SMB PLEASE can you go into deeper how you go about tracking data, also can you use those data on different instrument like future? thank you for this great insight I like the information you are sharing for free also the explanation bless up

[@stevenmorgan9549]

Thanks for this Lance. It would be awesome if you did a deep dive into developing trading strategies

[@MelonCapital]

Great video would love an in-depth step by step process.

[@John-hq2qn]

Thanks Lance & SMB Cap. Awesome content, would love you to dive deeper into "edge" strategy. Cheers

[@therealTOTOfan]

THIS! Yes I think we would all appreciate more of your knowledge and your way of presenting them is great!

[@anisnasr]

Yes please, definitely go into more detail. I'd be interesting into the testing of an idea. How do you go about getting enough samples? Do you backtest using software or is it just visually on charts? Thanks Lance. Amazing content!

[@in4finity]

Please do the 201- if you can find the time- we really appreciate you Lance! as well as the great contributions of SMB as a whole!

[@mattsnameis]

Yes, I'd appreciate you making an in depth series.

[@eljuanramon]

Yes please, do the multi part series!!🐐🐐🐐🧠🧠🧠💪💪💪

[@michaeldarken5948]

Lance, very informative. Please continue this type of series! This is very difficult to find information on. Thank you.

[@Leytonstone09]

Would love to see more on this subject Lance. I can always improve on this. Thanks for all the work you put in

[@HitAndMissLab]

Oh yes, please dive in deeper. I definitely want to learn how you think.

[@trefethentyler]

Thanks Lance - looking forward to more installments of this series!

[@Bantaah]

Great video, what you said at the start makes so much sense. Definitely notice this within my trades, mistaken a few lucky trades for edge, journaling has helped recognise them though

[@Bohdan_Derevianko]

Great video Lance. The series would be much appreciated