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Re: stocktrademan post# 48594

Thursday, 10/14/2021 4:43:30 AM

Thursday, October 14, 2021 4:43:30 AM

Post# of 49062
Savable post right there. Happy Hour Today!



Using the purchase price and the end of day stop gives a risk profile. We buy above 0.003100 as near as possible, and sell as near as possible at 0.001800. This risk of loss is 0.003100 - 0.001800 = 0.001300. This is important for advanced mathematics called statistics and betting expectancy. The things that get you kicked out of state supported casinos.

Nobody can however remove the concept of expectancy from individual actions. Even in the stock market place. Here is a crash course in expectancy. Let's say you make lets ten random bets not even knowing what you are reading here like someone dumb.

The whole key to succeeding and making money even at random is to size your risk and then make your sell target at least three times the risk amount. If you are wrong on 75% of your trades and get stopped out randomly, then 25% will also randomly make three times what you bought.


"The Price of Lies is the Consequence of Them Compounded with The Possibilities Limited by the Outcome of Said Lies. But Then There's Truth."