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> they analyzed 3 different account sizes and that was the KEY to success.
> small account ( <10k or so)...... 95% + loosers
> medium account (>10 <250)...less but still a lot % looser
> BUT: accs over 250had a WINNER ratio of 45%+ !!!
But which is cause and which is effect?
I don't think big accounts make winners. I think winners make big
accounts.
Newbies usually start with a small account, and usually blow it out.
They might come back several times with a new small account before
they finally give up, or figure it out. Then, once they know how to
make it work, they build up their accounts, and probably don't close
them all that often.
IMO all these account studies are flawed in that respect. I don't
care how many *accounts* are losers. I want to know how many TRADERS
are losers -- because there isn't a 1-to-1 relationship between them.
Gary
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