stop losses??, page-10

wrong geffa, when dealing with an uncertain future.
Your stoploss is just as unquantifiable.

Or do you mean to say that you can predict the future ?

" One such statistic shows that a negative break thru a 5% stop will continue downwards 84% of the time so gambling on the 1:5 is a sure bet to the poor house"

Is this a prediction of the future or a snapshot of history.
The expectation can be worked out just as mathematically .I am not talking about hope but mathematics.

How about I give you a die if you throw 1,2,3,4 or 5
you win $1 if you throw a six you pay Me $10.
Want to play ? The probability is you will have many more winning numbers than I. But the expectation is that I will win All the Money.

Hope as nothing to do with it.
such games are played in the Mkt all the time.

All I said was that you could not base a strategy based on the quote alone. Just like you would not bet in My game just based on probability.

Does not mean money and risk management is not
paramount. Hope will get you no where