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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: dpl who wrote (10107)	9/4/2000 12:23:04 AM
From: OZ	Read Replies (2) \| Respond to of 18137

The only thing that separates trading(speculating) from pure gambling is that in trading you place a "bet" when the odds are over 50% Oh darn, I guess that makes me a gambler because my best weeks are usually those where my winners account for less than 50% of my picks. IOW I think Risk/Reward is at least as and probably more important than being right more than half the time. Traders that I know that have accuracy over 60% are not making near the money as those I know that are at or below 50%. The need to be right all the time shortens their holding period and reduces overall profits. Oz