Pump and Dump or Real Recovery., page-43

Problem with that strategy is that one ends up holding loss making trades and walking away wtih profit making trades
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Problem with that is one's loss making trades are far bigger in size than profit making trades, hence a net loss.
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That's why 92% people loose money in market all the time.
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I have been through quick profit taking strategy only regretting it badly later.
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Now I stick to 2 to 5 years time frame strategy