Disliked{quote} That's a good question. I would say, when you're making 90% or more trades that are, at a minimum, break-even (or break-even + 1) trades. Ray doesn't let his interns trade real money until they are consistently making 95%+ non-losing trades. There's always something new to learn. I've been trading for 5 years, and I learn something new every day. I've earned that trading is a journey, not a destination, and it's a mirror for our own fears, our own greed. Nothing wrong with continuing to learn. Ray is always coming up with new and better...Ignored
Hi N7eg: I think you may be pitching that 95% non-losing trades a little high for the end of internship.
Of course Institutional trades consist of many trade-parts (rather like my preferred style) so in that way it is accurate, but it is misleading to a strictly retail audience!
A figure which would be more equivalent to retail would be 80% to 85% - so yes, if I was a Ray intern, I would still not have 'graduated' - LOL!
P.S. Of course you don't necessarily need a high %win in order to be very profitable. It all depends upon your trading style. I have had several good weeks where my %win was only around 40% ( way down from my >75% target).