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Did anyone ever tell you that 97% of day traders lose money and the other 3%
are liars? I will tell you that for one, I have not seen anyone do as well
as this. Even the exchanges will tell you that good winning percentages are
less then 50%. So how do Traders make money? It's the win loss ratio. When
they win they make enough to offset their losses plus a little. Almost
everything else is hindsight talking.
Brent
>I read the discussion at the web site that Mr. Borasky cited.
>Uhhhhhhh.........Truthfully, I'm lost. It would seem that the aspects
>of practical importance regarding the link between chaos and
>short term market movements is that they (the noise in short term
>market fluctuations) are random. HOWEVER, if that is the case,
>and market lore has long suggested this is the case, it does not
>explain how and why some day traders and short term traders
>maintain a 70% win percentage. I cited LBR in a previous post.
>Marty Schwartz says he likes to be right 7 or 8 times out of 10.
>Most of you have also probably read about one trader in "Market
>Wizards" (Weinstein?) who says he is right on--was it 80 to 90
>percent of his trades? Again, I'm not sure I understand what I
>read but when the words like 'noise' and 'random' appeared I can
>relate that to intra-day market price fluctuations. Comments?
>
>Charles
>
>
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