Trading Edge

[@RedCandles_]

It’s great to know there are other people that talk about the stuff I think about all day. Other traders are few and far between in the real world.

[@chrisk4119]

Your not the only one, I'm obsessed!

[@CSaenz44]

Crazy how this is still important today

[@kennethkmy]

Insanely informative content and SMB Capital really put it out here on KZbin for all to access for free..... man... RESPECT!! Thank you for the knowledge, you won't find too many contents like this, thank you Mr. Mike Bellafiore and SMB Team in providing this public service for all to benefit and win!!

[@coolteethbro]

Never knew what an edge was until watching this. Thank you!!! Subscribed!!

[@smbcapital]

Thanks for the sub!

[@georgemcduffey2622]

I mentioned on Mike's Twitter a couple days ago one of my problems is trying to learn too much at once. When constructing a pyramid the biggest part is the base. March 1 starts tomorrow and I intend on narrowly focusing on my two best setups this month. Fine tuning the plays, more select in my stock selection (been taking webinars about scripts in ToS), and using alerts to keep up with my ideas that take too long to come to fruition.

[@simonstrassberg709]

Hoping to get an internship after I graduate!!! Will work hard to get a desk one day

[@awareness4937]

Very grateful! thank you

[@AjayKumar-id7mb]

Thanks

[@lightkirsche]

So true.

[@sonnyg5358]

Always curious to know, with volatility getting lower and lower each year, why would somebody want to daytrade? The edge is lower and lower each year

[@sommi888]

-- Yeah this is a natural occurrence in markets/the trading environment. You dont have bursts of activity all the time. But theres always chances to make money. You just make much less, with shitty risk/return plays. -- The VIX just spiked last night as well

[@prelude12341]

There are still ebbs and flows in every stock in which to make money on.

[@Savage-do3vz]

you don't need to trade equities that are directly proportional to the market. ex. small caps. - hotter than ever right now

[@martinaasen8440]

just wait for good oppertunities

[@AmandeepSingh-ss9ns]

I❤SMB

[@columbiau100]

Mike, good job

[@dotbasing]

So is edge same as a setup (one that works best for someone)? If yes, then why not simply call it a your-most-successful-set-up? Or is edge something else? Thanks

[@roboanalytics1678]

edge is simply a setup/repetitive pattern based on price action or indicator based and you have to know which type of markets it works best.

[@swright2134]

Great video! Thanks

[@dkord1000]

what specific metrics are important for a retail trader that doesn't have tracking software?

[@edgenavigator]

great insight

[@tuckebarry]

great video, god bless.

[@prelude12341]

Is it ok to have just one edge/setup that you trade solely if it's profitable?

[@smbcapital]

yes. but we teach our traders to develop many "arrows for their quiver" as this makes them more scalable and also gives them the ability to make money in many different types of markets.

[@prelude12341]

SMB Capital makes sense, thanks...

[@ssunkite1]

There are many ways to skin the cat.

[@emrahkucuk8426]

It’s all tolk 🙈🙈🙈

[@absoluttchamp]

My edge is losing money by "thousand papercuts"

[@esjay3562]

It seems that you guys at SMB have great technology but retail traders usually do not. Yes, there are filters, scanners, scripts, etc in many trading platforms. But in the retail space these tools are so limited. In my experience, this is the most limiting factor to my success. Finding the setups I am good in takes way too much time. So, there are only a few good occasions per month that fit my edge. I appreciate the ideas you are sharing here but without the proper technology it does not help so much...

[@sirshortsalot117]

Get more edge then. I used to have the exact same problem but learned a few new setups using momo and vwap and now my edge shows up about 3 times a day and those are 3 great setups a day not forcing plays.

[@esjay3562]

I know my setups that work. But without very customizable scanners I, as a part-time trader, only find some good occasions a week. That's not enough for a good income. Getting more edge is always good but it does not solve this problem.

[@sirshortsalot117]

@@esjay3562 How customizable do you need to be? pretty much any broker is going to allow you to setup a scanner with quite an extensive list of metrics and alerts to use for stock scanning. What metrics dont you have access to? Unless you look through too many stocks cause if thats the problem then maybe check out some more SMB videos where they talk about picking the "stocks in play" there are usually only several of these per day and not too damn hard to find

[@nattaphonj956]

If you want to have an edge. Create broker company. Don’t trade. Otherwise, one day you will fuck up :)

[@Sahilshetty77]

You are a loser i guess 😂

[@markmcgwiresbackne5705]

Scripts, custom filters, the coding. It's so cruel. Why have we not come up with a SIRI for this. She is so smart and such a good listener, just missing the interpreter thing.