To me, given uncertainty, the real edge is the risk-reward framework.
Take a fair coin:
H -win $30
T -lose $10
Keep tossing and long term you'll make more $ than you lose.
You can approach trading in pretty much the same way.
Take a fair coin:
H -win $30
T -lose $10
Keep tossing and long term you'll make more $ than you lose.
You can approach trading in pretty much the same way.