Professional traders understand that it is not the system or strategy for entering and exiting trades that will make a trader wildly profitable. Traders need to learn how to manage their risk and how to preserve capital during times when the system or strategy is not performing very well.
So what are the characteristics of a good trading system or strategy? Well, the main thing is that it must provide the trader with a defined edge. This edge simply means that, over the long run, there is a probability of success. For instance, all games in a gambling house provide an edge to the house.
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Therefore, in the long run, the house is always profitable, because it systematically employs this edge ALL the time. This edge may only be that the house wins 51% of the time. But if the payout is the same, whether the house wins or loses, it will come out on top in the long run.