Quote from efficiency:
5% isn't big money.
IF it is, then you have an inordinately large position size. A reflection of greed rather than acumen.
There's a distinction between a one trick pony and replicating the 5% result over and over and over again.
Repetition breeds confidence. A loose analogy is driving a car.
Money is made on exits. So's the tax liability (or benefit as the case may be)
What's the ratio of advances to declines today? New highs to new lows?
A rising tide lifts "all" boats.
