Saturday, May 9, 2009

Another posting from ebasson61..................

ebasson61
09 May 12:55



Morning horselover

I hope you don't think I was being too critical, as I think you deserve a lot of credit for the discipline and patience you have shown throughout this thread.I agree that all strategies will have ups and downs and that we shouldn't be diverted from a full and thorough test of a system simply if we have a couple of downturns.

You mention the bet size, but I don't think that's an issue really. If you have an edge, then you can succeed with a £2 bet or a £20,000 bet.You ask how much you should be in the black by now, but I don't think that's a valid question. Personally, I always assess my strike rate against the average odds I'm getting (which I accept is not always easy to do if trading).

For example, to gauge the minimum odds you require based on your current win rate would be:(loss rate / win rate) + commission rate + 1Obviously to gauge the minimum win rate required based on your average odds is the inverse.

Anyway, GL to you.

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