A trader who is right only 70 percent of the time will deplete his account in fairly short order
- Chapter 2: How to Be a Wizard
- from Vertical Option Spreads: A Study of the 1.8 Standard Deviation Inflection Point, + Website
- Publisher: John Wiley & Sons
- Released: September 2013
This statement is absurdly inaccurate, as it does not matter how often a trader is "right" or "wrong" without understanding profitability of the trades, percentage of trades that profit is irrelevant.
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