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The 50/50 reality?
The trading club that I belong to has guests from time to time. We had a mathematician and professional trader who was speaking extensively about backtesting systems. After speaking for an hour he finally admitted that technical systems really only have a 50/50 win/loss ratio on an average. This leads me to definetely take faith in the idea of money management and RRR. I really enjoyed Walters way post which brought me to the same conclusion as our guest speaker. How do other successfull traders here feel about the 50/50 ratio?
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