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Originally Posted by astro
The main problem with learning from books is that... YOU ARE LEARNING FROM BOOKS!
Did you try to think what would have happened should you have tried to learn to drive from a book?
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Part of the learning process does come from books. YOu only move to actual trading when you have learned enough theory to allow you to have a potentialy viable trading system/method.
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Originally Posted by astro
True, they will always show you the winning trades in their examples. However, you must understand that trading is merely getting more winning trades than losing trades, which means that in some cases the system will work but in others it won't.
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Rubbish, trading is about making profits. You can make profits with an approach that has fewer winners and losers, its the size of the wins relative to the losers that count.
eg, if your winners are three times larger on average than your losers, then a strike rate of 40% will provide a very nice income.