How I Make Decisions

Dumbo, this is his way of explaining to the masses of asses that he's willing to live with a very small edge which, in the long run is enough to earn him a profit. Much like a casino. He's not giving you the mechanics of how/what he trades.



Quote from kut2k2:

LOL! Exactly.

"My goal is to make money 52% of the time."

Funny, I thought the goal of a successful trader was to maximize gains, not the number of times you are "right".

You can be "right" 70% of the time in calling market direction and still wind up a loser. That guy needs a reality check.
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Quote from risktaker:

Dumbo, this is his way of explaining to the masses of asses that he's willing to live with a very small edge which, in the long run is enough to earn him a profit. Much like a casino. He's not giving you the mechanics of how/what he trades.
More...
Assclown, all that matters is the bottom line. Read Van Tharp's book re reliability versus expectancy, before putting your ignorance on display again.
 
I think what he's trying to say is that within his system, if he makes money 52% of the time, that will lead to a nice bottom line. Some styles/systems will work well with 52% winners, some will not.
 
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