Playmate of the year is a successfull daytrader, see how easy it is?

elliots11 said:
"All I do is cut my losses short and let my profits ride."
You make that sound easy in reality I find that difficult to do.
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This is what trading is all about. This the only true edge in trading. Kramer frutes will usually dispute this.
 
Thx for trying to clarify what im saying, I dont understand why loyek is struggling so hard with this concept. Its pretty basic to anyone who knows probabilities.

i am nobody said:
If everything is 50/50 it would mean that in the long run:
  • number of profitable trades should be equal to number of losing trades
  • profits will be wiped out by losses resulting in zero result
  • random chance will have no impact on the final result because random chance would neutralize itself

So you trade your whole life for making no profits? If you make profits it means everything is not 50/50. And even if you have good luck, bad luck will take your profits away again, that's inherent to random chances.

If Max can maintain a 70% win rate it means that things are not random.
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i am nobody said:
This is a perfect example of your nonsense. Never take profit and violate the rule 3 times a day.

What's the use of a rule if it is never applied? Try to impress people with weird statements?

I heard already many weird statements from trading advisors, most of them end up in jail.
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imagine a computer that only takes losses. There is only one rule it always obeys and that is "Never take a profit." My job as a human is to intervene and pay the bills.
 
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