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Old 19-02-2007, 13:01   #44
MickMason
Fibonacci KISS trader!
 
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Re: The learning cycle for a newbie trader - PART 2

Quote:
Originally Posted by Soul-Trader2004
well, if you are happy with 50% then i presume a good old coin toss is your strongest weapon - and it's very consistent. what a ridiculous statement for someone who says he's an experienced trader.


There, right there, that's what gives me a clue that in truth you have very little idea of what you're doing and this market doesn't suffer fools gladly. That in turn makes me justifiably question your claims (not to mention the fact that all your published 'systems' lost money, some at an alarming rate!). It's easy to say 'I made money, and lots of it', actually doing it is another matter.

If you think a random 1:1 coin toss is comparable to a 50% win:lose based on probability and an unknown risk:reward ratio then you are most definitely in the wrong business!

Yup, you're absolutely right, it certainly is ridiculous!
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