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Boug
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It is my understanding that the reason for the "breakeven" contract has to do with 'psychological capital' - not financial capital. ie. in the case of the ES, 85% of the trades quickly become (stress free) "free trades." In the long run, using the numbers Mr. Hasley provided some time ago, the cost for this psychological tool are the commissions which is considered part of the cost of doing business. The more I learn about the critical role of emotion/psychology (from classic and neuroscience perspectives) the more I appreciate this very practical technique - although it doesn't work for me.