Quote:
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In the simplest case where the market is a random walk and that the ratio of winning and losing is 50:50 you can still make money if you limit losses and let profit runs. One cannot control let alone predict the market. The only variable one can control is YOURSELF.
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That logic is flawed. You will get stopped out more often than not (with tight stops) and thus your win ratio will
not be 50-50%