Transcript excerpt from a YouTube video discussing how to become a profitable trader by identifying an 'edge' (a high-probability trading approach) and protecting that edge through risk management. Speakers emphasize that a probabilistic edge does not guarantee being correct on every trade and that proper risk management is necessary to handle inevitable losses.
We want to identify what is an edge, what represents a.
High probability, what.
Is our trading style, what game are we playing? Essentially right and based of every single trade, every single marketplace, we want to.
Have that aspect.
Of edge, we want to have that aspect of probability with the understanding.
That a probability.
Allows us to still be wrong.
A high probability.
Does not mean we're always going to be right. There are going to be times you are wrong 100%. But now the way we protect that.
Is by having.
The risk management, as mentioned earlier.
