Your Dogginess,
>>> Six profitable trades, zero realized losers, in two days <<<
You are now learning how to play the short game.
You drive for show, you putt for dough.
There are those who love to talk about the big score. The double or triple bagger. What we don't see is what sort of losses they incurred elsewhere. Maybe they showed an overall profit, may be they didn't. One things for sure, if one needs a double or triple bagger to pull a profit, one is not outperforming the market on a consistent basis.
In the game of Blackjack, the only edge the dealer needs to be consistently profitable, is letting you go first and ties go to the dealer. That slight edge is what puts the odds of success in the dealer's favor.
In the book making game, the book maker never goes for the big score, not ever. To be "consistently profitable," the book maker makes their profit on the vig or juice. He takes a small amount of your winnings and compounds that again and again and again.
The professional trader goes for accuracy.
If one out of ten trades were to make $10 per share, or 4 out of 10 trades were to make $4 per share, or 9 out of 10 trades were to make 75 cents per share, the professional trader will take the 9 out of 10 strategy every time.
Why?
Because you don't know what kind of losses are attributed to the losing trades. You don't know who may have gapped down $10 per share in premarket.
The casino, the book maker and the professional trader all have one thing in common. They don't go for the big score, they manage risk.
By taking the accuracy over the big score, all you have to do to be highly successful, is to pick up the size of the trade and the frequency of the activity.
That's why buy and sell strategies are so important. Over time, we will work on developing the accuracy of our trades, very similar to what you have already experienced.
And it's a wonderful feeling, isn't it? <g>
Great job!
dabum |
