I'm sorry. As much as I enjoy this thread (it has been a good read for about 6 months) I have to call BS on anyone claiming that risk is impossible.
Yes, you can preserve capital by using smaller lot sizes (position sizes) after each loss. But a loss is a loss. Holding on to losers can wipe you out, while cutting losses early still nickle and dimes you.
I want to say that I thoroughly enjoy Bill's intellectual descriptions of what he does. The metaphores and analogies are refreshing, and do a nice job of conveying concepts.
Quote:
Originally Posted by Muddyguy
The upside could be very, very good, the downside is eliminated
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