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Ira wrote:
>
> Your assumption is basically wrong. If you knew which were the bad trades why
> enter them to begin with. In cards and other games of chance the odds are always
> the same. So you can vary your bet size only if you can change the probability of
> success. This can be done in all games of chance and the markets. You can never
> change the odds.
>
How about Bayes Theorem? You can improve the odds after a wrong decision
by discarding your second choice. Regards.
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