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So are you saying that your trading strategy is akin to that of a gambler, then?
May as well flip a coin, because your entry doesn't matter, only your exit strategy - is that the gist of this? |
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No, that was not the point at all...
OK, let's start again...
The point is that whether trading, playing cards, etc. you should have a set of rules that you follow each and every time if you expect to make money. You cannot randomly guess or flip a coin and expect to make money.
In other words, you cannot take a trade based on setup XYZ and then pass on that exact same XYZ setup when it appears again b/c more often than not, you will be wrong twice.
The blackjack analogy was just that - an analogy. You could substitute blackjack with horseshoes, solitaire, rummy, whatever suits your taste.