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RE: Bitcoin (BTC) Update: Primary Count Still Says Lower Low Likely
Then what the hell is the value if it’s wrong more than 50% of the time
Then what the hell is the value if it’s wrong more than 50% of the time
One can be wrong more than half the time and still make money.
Example: set stops at 20% up, and 10% down.
If you're wrong 60% of the time:
Wins: 40% x 20% profit = 800 (unit is "%%")
Losses: 60% x 10% loss = 600 (same unit)
Thus, being wrong 60% of the time can still be profitable.