That means that on the average, that for every 8 times you lose money on a stock, there are 2 times when you earn money or break even on a stock. Therefore on the average, out of every 10 times when you invest in a stock, you lose money 8 of those times and you earn money or break even on 2 of those times. So the probability of losing money is 8 times out of 10, or 8/10 which reduces to 4/5. Edwin