RE: Bitcoin (BTC) Update: Primary Count Still Says Lower Low Likely

[kevitos]

Then what the hell is the value if it’s wrong more than 50% of the time

Comments

[libertyteeth]

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.