This is an interesting discussion. I've always thought of entry and exit as two halves of a same coin, and mathematically similar.
Let's pretend for the moment that I'm managing two funds (I wish :) ). The first is
a conservative fund that is mostly cash/treasury bills, and the second is a...
Is that 3% assuming that the amount you win in a profitable quarter is the same as the amount you lose in an unprofitable quarter?
It's possible that some traders use a "picking up coins on train tracks" strategy, like
writing far out-of-the-money options. It could give you a steady income...