Many years ago, FX legend Andy Krieger explained part of his trading style to me over a nice lunch in New York. Krieger was clearly an early exponent of leveraged trading and he said that in his view, there was no point in being right in 10 if you could be right in 100.
I was never able to trade that way; I was not able to detach myself from my P&L, which may explain why the attraction soon wore off for me.
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