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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?

To: chris- who wrote (559)	5/9/2001 12:12:48 AM
From: Threei	Respond to of 867

Chris, good piece, thank you :) There is one more very important detail in what Alex said: random distribution of losing and winning trades for any setup. It means that any given trade may turn out a loser (I prefer word stop since stop and loser are different thing; loser to me is a trade where control is lost), no matter how great setup looked. Accepting of this possibility leads to what you worded in one of old posts as "assuming the risk". That's when it becomes easy to take the stop with no hesitation because the chances of this to happen are already accepted when trade is initiated. Statistics is what trader goes with to win: proven setups put the probabilities on his side. Vadym