Disliked{quote} Well what amazes me the most isn't the 70% or 95% or whatever % losers but that 59% (so more than the half) of 8 millions trades were taken in the direction of the trend and the overall result is negative. With several millions trades the law of large number should apply. This hints me that, like ferru said, the trade management is more important than the entry. Now the pdf shows in a very general way --trying to be (or pretending to be) market and strategy agnostic-- that it's not by playing around with the stop or scaling in/out... It's...Ignored
This is why most traders fail. Firstly, most traders have no edge. Secondly, even if the trader found an edge, there is a good chance he puts too much money at risk and at the end loses them all too.