The public believes successful traders make money every day–that 9 out of
10 of their trades are winners, Nothing could be further from the truth. The
reality is that in any given month most successful traders takes small losses
or gains on the majority of their trades, while their real money comes from a
few trades that turn out to be big winners.
—from
The TradingMarkets.com Guide to Conquering the Markets (1999 M.
Gordon Publishing Group, Malibu, Calif.).
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