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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (7134)	5/3/1999 7:37:00 PM
From: Dan Duchardt	Read Replies (2) \| Respond to of 12617

set profit targets for your winning trades that are comfortably in excess of your typical loss. By executing this strategy, you can achieve a bottom-line profit even if you lose more than half the time. WOW!! With all due respect to Mr. Schaeffer's knowledge and experience, which I am sure far outdistances my own, I find this statement to be incredible and potentially dangerous. Adopting the point of view that you only have to "win" less that half the time because you can make more on your wins than you will lose on your losses is almost a sure way to turn small winning trades into losing trades. For sure it's a good idea to enter trades only when you think you can make more gain than your typical loss, but if you can't win more than half the time, maybe by settling for less gain than you hoped for, you are bound to lose.