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Trading is Not About How Often You Win or Lose
If you knew of two traders and Trader 1 consistently won 40% of their trades while Trader 2 consistently won 80% of their trades...who would be more profitable? In reality, you cannot tell which trader is more profitable or even if either trader was indeed profitable. If Trader 1 consistently won 200 pips on each win and limited their loss to 100 pips on each losing trade, after a series of 10 trades they would be up about 200 pips. If Trader 2 won 25 pips on each win but lost 100 pips on each loss, they would be a breakeven trader after a series of 10 trades. But many new traders are misled by win percentage. ... (full story)
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- Aug 29, 2012 2:49am Aug 29, 2012 2:49am
- rsg10z
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I found a penny today. That's +100 pips for me.
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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- Spreadbetter
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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- Spreadbetter
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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