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A comment on Heuristics that almost always work. Parent comment
Any payoff from a trade which has even a very tiny probablity of making you go bust is zero.
Because once you go bust you are not going to be doing trading anymore.
He calls these Uncle Points.
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Any payoff from a trade which has even a very tiny probablity of making you go bust is zero.
Because once you go bust you are not going to be doing trading anymore.
He calls these Uncle Points.