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If your solution to making a trade profitable is to hold it longer, then you don't have the right mentality for trading. What chances are of this (hypothetical,
by dmos62 7y ago
If your solution to making a trade profitable is to hold it longer, then you don't have the right mentality for trading. What chances are of this (hypothetical, I presume) trade turning profitable? If you don't know, or if it's not much better than 50%, you're making a mistake.
When actively trading, profitably is calculated a bit differently, but I presume we're talking about a one off trade.
- chroem- 7y agoMost active traders don't beat the market (any market), as they shouldn't provided that the EMH is true. I'm proposing a strategy of long term investing.