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Beginner8 min readBeginner

Expectancy, explained without the mysticism

One number decides whether time is working for you or against you. It takes five minutes to learn and most traders never calculate it.

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Updated
Feb 2026
A positive-expectancy strategy over 400 trades — small edge, compounded consistently
Median outcome10th–90th percentileSample pathsStarting capital

Each faint trail is one simulated future for this strategy. The bold line is the median — half of runs finished above it, half below. The shaded band spans the lucky 10th to unlucky 90th percentile, so an outcome inside the band was reasonable to expect; outside, less so.

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