Skill, Edge, or Luck: What’s Most Important for Traders?

[Image] Skill, Edge, or Luck: What’s Most Important for Traders? You need to hear this… Throughout your journey in the stock market, a lot of people are going to doubt your ability to make it as a professional trader. Be it your family, your friends, or your peers — you’ll probably be warned that trading is no different than gambling. If you haven’t heard this yet, you will soon. And to be frank, they’re not crazy for cautioning you. The odds are stacked against you in the market. 90% of traders lose money. But these skeptics are confusing “most traders fail” with “every trader fails.” And I’m living proof that the latter is nonsense. I want you to believe that you can win. Today, I’m gonna dispel some rumors about skill, edge, and luck in the stock market. Which trait is most important? Keep reading to find out… Trading vs. Gambling When people say you can't make money trading — you need to tell yourself the opposite… Yes, you can. The market is not efficient and it’s our job to exploit it. Do you know what I say to people who tell me that trading is no different than gambling? “You can't make money trading because you have a loser mentality.” I make money gambling and trading … all the time. The key is to flip the script on conventional wisdom. You have to start believing that you can do it. And the first step is to make informed bets… Let me tell you a story… When I was a kid, my dad would take me to the track to bet on horse races. This was straight-up gambling. When betting on horses, you have no idea what the condition of the horse or jockey is. Anything can happen on the day. You’re essentially playing ‘equine roulette.’ Now, imagine you could go into the stables before the opening shot and have a veterinarian do a thorough examination of every single horse… If you find that one horse is particularly well-fit for the track, and you bet on that pony, you’re not purely gambling anymore… You’re making an informed bet — with a unique edge — based on proprietary data you’ve accumulated. And this is exactly how I want you to approach the options market… What’s more, as traders, we can do one better than the pony speculator who gets an early glance at the stable — we can absorb every possible piece of data about the stocks we’re trading. And speaking of data… Turning Skill Into Edge If you still don’t see the differences between disciplined trading and straight-up gambling, let’s talk about the information you have before making your bets. Let’s say you’re playing blackjack. In that game, you’re forced to bet before you have any information whatsoever. Once the cards are dealt, you can’t add or subtract from your initial position (except for some unique situations, like splitting hands). If you get dealt a 16 when the dealer is showing a face card, you’ll probably wish you could reduce your initial bet. But you can’t. This is a major difference between trading and gambling. You can always adjust your position sizes in the market. Additionally, trading isn’t a game of zero information, it’s a game of incomplete information. In this analogy, trading isn’t roulette or blackjack — it’s poker, primarily a game of skill (with a bit of chance and luck mixed in). This is why the same few guys are often final-tabling major poker tournaments. If the game was mostly about luck, that wouldn’t happen. (This is also why there aren’t professional blackjack tournaments.) Make no mistake — this is the same reason some traders consistently win, year after year. They have true skill (which naturally leads to edge). Have you ever heard the saying, “It’s better to be lucky than good?” This isn’t true in the stock market. You need to be good — and really good — above all else. Sure, even the most skilled trader can be blindsided by randomness (chance), but the overall positive results of their performance are due to their strategy (skill). This is how I’ve not only survived — but thrived — throughout my 25 years as a professional trader… By sharpening my skills into an undeniable edge (and not listening to those who doubted me). Was it easy? No. It took me years to learn how to trade confidently and consistently, with discipline and risk management. But remember: any tough skill worth mastering is difficult. If it wasn’t, everyone and their grandma would be a multi-millionaire options trader. That said, it’s not impossible. Most traders fail, but not all of them. Stick with me, and I’ll show you how to develop your skills (and eventually find your edge). Speaking of edge… My Biggest Edge in the Market Here’s the truth: If I had to start back on day one, trading a few thousand bucks for my family’s livelihood… I would exclusively trade my Burn Notice strategy. I’m that confident in it. If you aren’t signed up for my alerts, what are you waiting for?! Burn Notice Members already have my latest play. But I think the biggest trade is right around the corner… [SEE MY NEXT TRADE IDEA RIGHT HERE!]( Stay Street Smart, Jeff Zananiri   66 West Flagler Street STE 900 Miami, Florida 33130 United States [Facebook]( [Twitter]( [Instagram]( [YouTube]( [Click Here to Unsubscribe]( **Our gurus teach skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. 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