Cut your losses and let your winners run is perhaps the single most common truism bestowed upon traders.
It is the verbal embodiment of the need to trade positive expectancy strategies.
It’s also the underlying premise of a recent Genius Grant winner’s work. Or maybe we should say the failure to adhere to the principle is the foundation of the work.
Perhaps this will finally dispel the notion that consistently profitable trading is impossible.
You’re right… of course it won’t… that would be too much like right…