The Snow Fight Metaphor by Van Tharp
Stock Market Options Trading
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The Importance of Variable Number Two
In our model, you can measure the effectiveness of the snowball fight by the condition of the wall. Red snowballs are a lot like losing trades. They chip away at your wall of security like losing trades chip away atYour equity. If the wall is shrinking, then it means that relatively more red than white snow is hitting the wall. The growing wall is like growing profits. It would get bigger and bigger and you would have more protection.
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