Can a Simple strategy explianed in one sentence really work long term?

[gazuty]

My actual strategy in one sentence, sure.

My lessons (as distinct from strategy) I will share and are spread over several sentences:

• don't pick up pennies in front of the steamroller - for me I wouldn't pick up 1 tick moves or scalp and then let my loss be open ended and my position drift off into a massive loss because I didn't get that one tick, quickly hack off your arm before your entire body is crushed

• accept losses (even the occasional big loss and don't try to win it back, just go back to doing what works and put the loss down to a learning exercise)

• keep records of days, carnivals, individual races from year to year and go back over those records when you approach the same day, carnival, race the next year

• write down what you learn and go back and re-write those notes

• watch this https://www.youtube.com/watch?v=ktlTxC4QG8g

[Euler]

I was thinking a bit deeper about this today and thought: -

"Sell volatility"

[ruthlessimon]

If that counts ; then: -

"Steams have volume"

[ShaunWhite]

I was thinking a bit deeper about this today and thought: -

"Sell volatility"

Depending on your available time ....

Short version : How would you define that in a glossary?

Long version: You've used this phrase several times before and I wonder if you could expand on what you're meaning by that? I've only ever come across the term from the derivative trading playbook, specifically options. I can see how sports markets might be analogous to futures as they have an exercise price which approaches the underlying asset value (ie bsp) but I'm struggling to take the similarity any further, certainly not as far as options. Last time I looked I couldn't lapse a bet, only trade out of it, or exercise it (ie let it run). And where's the asset to hedge against, or intrinsic value?

Do you perhaps mean it's movement your looking for and as backs are easier to get out of, that side first is preferable. Or is the answer is maybe between the two ?

Sorry to sound so baffled but if I'm struggling to understand (and that's having designed derivative strading systems for years ), then I wonder how everyone else has read that and understood it. No disprespect to anyone else intended, there's plenty of bright guys on here who probably did, but I don't mind admitting I'm going to need a litle more info to understand what you mean. Maybe someone who did understand it can reply and you can just chip in if it's not what you meant?

[elecotop]

I was thinking a bit deeper about this today and thought: -

"Sell volatility"

Got me thinking too

"Imbalances"
&
"Imbalance Traps"

[Kai]

I trade pre-off order flow profitable, my strategy is so so simple, I could explain it in one sentence it's that simple

Is this really enough tho for an edge and long term profits

How simple is your strategy?

Philosophy aside, if you can precisely and easily explain your edge then you should be moving in the right direction if you ask me. I have found that edges and concepts are usually very simple, it's the (proper) execution that is the complicated part.