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

To: TraderAlan who wrote (10109)	9/4/2000 10:02:44 AM
From: dpl	Read Replies (1) \| Respond to of 18137

Yes but we are forgetting one thing.Every trader has to trade their "game".What they are good at. It I traded like you or Oz I would probably lose all my money. David

To: TraderAlan who wrote (10109)	9/4/2000 11:58:06 AM
From: dli	Respond to of 18137

I think the proper term to use here is expectancy, which needs to be positive in order to consistently profit in the market. The expectancy of a trading system is calculated from two components: Reliability, the ratio of the number of winning to losing trades (what dpl referred to as "odds") and risk/reward expressed as the ratio of the average win to the average loss. Expectancy basically tells you how much you can expect to make on average for each dollar risked with a specific trading method. Dave