Professional traders think differently. They learned that as long as they stick to the proven plan, EVERY trade they take has a +ve E and, therefore, is a winner...even if the single event loses.
It is funny to see how many people cannot read correctly. He is not saying all his trades are winning trades...
The formula is;
E(R) = (PW x AW) – (PL x AL)
where;
E(R): Expectancy/ or Expected Return
PW: Probability of winning
AW: Average win
PL: Probability of losing
AL: Average loss
Notice they also speak about LOSSES.
Being right refers to following his system and not breaking the rules. Unless I did not read correct...
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