A trader can have a profitable strategy and still destroy its edge by paying too much to trade it.
Late entries.
Wide bid/ask spreads.
Slippage.
Commissions.
Poor fills.
Excessive turnover.
A small statistical edge has very little room for unnecessary friction.
Gross edge is what the strategy finds. Net edge is what you keep.
$VANA $G $ONE
Late entries.
Wide bid/ask spreads.
Slippage.
Commissions.
Poor fills.
Excessive turnover.
A small statistical edge has very little room for unnecessary friction.
Gross edge is what the strategy finds. Net edge is what you keep.
$VANA $G $ONE