Glenn Neely’s three reasons:

• First, even if you are good at forecasting, you probably won’t be right more than about 50% of the time.
• Second, even if you are right about the direction of the market, your entry price may be too high or too low, preventing the trade or reducing future profit potential.
• Third, even if your entry was great, your stop placement may be too close or your exit too early.

If you give each step of this process a 50% rate of success (probably too high), by the time you reach the end you will achieve (at best) a 12.5% success rate.

Think about it!

Über den Autor

Philipp

Quote: "you know less than you think you do" // Location: "Where the money is!"

Kommentare (2):

1. 

   Weckernagel said:
   07/05/2009 um 11:22

   Geht der Blog jetzt auf englisch weiter? Ist das die große Neuerung?

   Finde ich scheiße.
2. 

   Philipp said:
   07/05/2009 um 17:08

   Für Weckernagel:

   What are you thinking about?