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Wayne wrote:
If you don't have a higher than 0.5 probability of success trading,
why trade at all?
>From my developement in trading I can say that my looser/winner ratio
worsened pretty much over time. But not because I started loosing money,
just because I learned to liquidate loosers early. Surely the one and
other trade would have turned into a winner later on, but the game is
not to make money its not to loose money. So loosing a couple of hunderd
bucks with each looser is fine with me, even with 80% loosers on the
book, as long as my winners return ten times the loosers amount.
And since I have no way of influencing how far the market will carry me,
all I can do is taking care that I donīt get hammered on the other ones.
Regards - Ulrich
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