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MT wrote:
>Based on the comment above aobut risk not being initial margin, how do >you
>define risk?
and
>Although i understand your point Gitanshu, extrodinary risk is just >that,
>Extrodinary. Must we plan for the worst in all trades since it >will
>only happen once in a great while
A useful definition of risk that has been attributed in some of my reading
to the philosopher/mathemetician Pascal is:
Risk = probability x consequences
Dan
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