This article is an outcome of bored frustrated and disgruntled trader.
Regards
Did you have a mostly winning experience in your demo account days?
I feel you.
Probabilities
Lets say i have a coin.
We play against each other.
Heads i win,tails you win.
I will toss it 100 times.
Our chances are equal at 50%.
Is there a way for you to know which tosses are going to be the losing ones ?
No,you just have an indication of what your average gain is going to be from this set of 100 tosses.
Stop Loss - Take Profit
Same coin, same tosses , 50/50.
BUT .
If i win i get 30 <-Losser left running
if you win you get 7 <-winner cut short
Technical Analysis,Fundamental Analysis ,Indicators (Your , or , a strategy)
Same coin,same tosses, but you now rigged the coin to be 70/30 in your favor.
You still dont know which tosses are going to be the lossers.
You still cant afford to cut your winners short , and let your losers run.
For More Info Watch Mark Douglas Material.
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