Here’s the contrarian reality: signals alone don’t create edge. The real issue lies in execution.
If two traders use the same strategy but different brokers, their results will differ. This is not about skill—it’s about execution.
This leads to the Execution Advantage Principle. It states that speed and cost efficiency determine performance.
The result is a trading environment where performance reflects strategy more accurately.
One of the most overlooked factors is transaction expense. Every trade carries a retail trading disadvantages explained cost, and those costs define profitability.
Speed is equally important. Execution delays introduce uncertainty. In fast markets, timing is everything.
This shift in focus changes everything.
In trading, elimination is leverage.