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The Many Faces of Trading Expectation [Premium Articles]

Some authors define trading profitability using the expected value or expectation, a.k.a expectancy. However, it would only suffice for them to say that a trading system, trading method, or even investment program, is profitable if the net profit/loss is positive, i.e. if it makes money. I will actually prove in this post that expectation has many faces that often they make more sense than a fancy mathematical definition. 

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