90% for Short Skirt Setup?

[SProbability]

Originally posted by Trend Fader


Cute, nice point.. I agree.

But, a 90% probablility of right to wrong.. has huge psychological benefits, although they have similar R results. Trading is not only about math and numbers.


--MIKE

Fair point, as well. I would, personally, prefer the 90% setup.

 

[daniel_m]

Originally posted by SProbability




Would you be so sceptical of a chat room that claimed a 45% hit rate with a 1:3 risk/reward ratio?

Why do I ask? Well, both chat rooms will have the same expectancy of 0.8R.

well when it's 90% AND a 1:1 reward to risk, yeah, that is DAMN suspicious

and to answer your question, yes i'd be suspicious of 3:1 and 45%, but then again i'd be suspicious of ANY and ALL chatroom operators

at the end of the day, i couldn't really give a hoot about chatrooms at all. only reason i checked out LBR's was to see what tampa's short skirts were all about. so anyone wanting to use chatrooms, keep your bs detectors on defcon 1 and good luck to you