average down - lyc, can it work?, page-62

ausheds... hindsight is wondrous.

before the elelection - there was so much well founded fear that BN might lose. the corruption allegations were so rampant. lets face it, half of LYC forum stayed up late. it was a nervous time. Most had it at 50-50.

I really honestly thought BN would lose.

so if BN lost, your post today would have read

"CFD's shorting LYC on a tight stop pre election, no brainer. Greetings from sunny, laid back Key West."

yes stop losses is powerful if you are sure of your risk/reward ratio. to me, BN winning was not so certain.

if the risk/reward ratio is uncertain, stop losses are counter productive.

say CBA at 0.73. it's a no brainer to short CBA with a tight stop loss. looking back it made sense. but at that time when CBA hit 0.73, was anyone so certain of the risk/reward ratio ??