Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Eric P who wrote (130)	1/8/1998 9:26:00 PM
From: dpl	Read Replies (1) of 2120

Eric,the problem with all this is you are asuming that trading is just "chance". You are asuming that a trader is making 3/8 when right and 3/8 when wrong.A trader might for instance lose 1/8 when wrong or have a system that has a very high success rate BECAUSE he is ONLY trying for 3/8. For instance my trading is very good at picking ST bottoms and tops for stocks but very bad at telling me when to get out.Therefore taking "small" gains for me is accually defensive.It keeps the loses down. If I were flipping a coin or for that matter something similar that is 70% instead of 50% like a coin then you are right. David

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