Rodney King: I take your point and in fact it is self-evident. It's possible that you're missing my point, however. By design, I do not try to time the market or pick tops and bottoms. My personal preference is to give up some trading range (profit target potential) in exchange for more decisive signal confirmation. I make that compromise because for me and my clients the strategy most certainly reduces risk. It's a backtested and thoroughly confirmed fact for us. I'm not saying it's a universal dictum, but for us and the way we trade it is an absolute.
No such thing as 'risk-free' profits. Anywhere in life. But we can make a series of calculated decisions (and compromises) to increase the risk/reward skew.
No such thing as 'risk-free' profits. Anywhere in life. But we can make a series of calculated decisions (and compromises) to increase the risk/reward skew.