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>>trading opportunities. While you watch a loser and hope it turns back in
your
>>favour, you could have been taking the other side of that very same losing
>
>One of my rules is that whenever I find myself "Hoping" that a trade will
>work I exit the position no matter what. Hope to me is a very nasty four
>letter word>
If you trade against the trend like most of my programs do, you can document
that if you apply not only good money management but a reversal : you will
recover the loss you just incurred. The trick is to know your market and
understand the probability of the reversal working, only a computer can do
this. A human can not with great dependability feel the velocity and
acceleration of market movement. A computer can keep track of all of these
factors with great accuracy.
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