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022: Mike Bellafiore – How to be a Better Trader Tomorrow, with the Co-Founder of SMB Capital

Chat With Traders

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The Importance of Having an Edge in a Trade

I think a lot of times just people don't understand their edge, and they don't av edge. And in a look, if you make a trade and there's no edge in the trade, of course you're goingto get upset, because you're going to probably lose money. So i think that edge is hard, and i think people don't even understand how hard it really is. You know, great traders can barely be right more than 50 % of the time and still be legendary traders. I mean, it's been fun. I've learned a lot umadand i'm glad i did it. But i kind of didn't know what i was getting myself into.

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