DislikedSince many traders will probably will focus on this more then any valuable piece of information posted, I feel its necessary to mention a high win/loss ratio can also be a double edged sword. Here is another example. In my first year live in 2008, I had 56 trades for the month of August. All those trades where winners. In those days I did not use stop loss. Due to the high amount of winners, I got so cocky that I felt I could do no wrong. The following month, I started with one losing trade, that I just could not let myself close at a loss. I doubled...Ignored
I did EXACTLY the same after the 23 win streak, I made a stupid bottom fishing trade likely on EJ in the middle of the night, it moved against me I got stuborn I added, it moved more I added then it fell through the floor dumping 60pips in seconds which gave me a 70% account loss, totally destroyed my confidence and made me start from scratch on a new method.
Then I fell back to over thinking it and couldn't pick a winner for all money in the world and account death soon followed.
Sad part is 10 months on, many variations to my system tested, improvements found to be fair the underlying method is back to nearly the same, thats 10months WASTED
But although many ways to view them if you break it down there really aren't that many ways to trade profitably, it all comes back to what direction is the market going, jump on it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!