Disliked{quote} I am still learning as we speak, but I'm happy that I've realized this simple truth - RR matters !!! keep your TP open and SL fixed move your SL to BE and keep your trade running until there's an indication that price is going to reverse - price leaves marks if it wants to reverse , random moves against your position wiping out your SL rarely happens if you're trading with the momentum and have placed your SL at an optimum point.Ignored
You are absolutely right and the experience you've gained is truly invaluable, a fundamental truth of trading, I believe.
You can be profitable with average profit less than average loss but it puts a tremendous strain on keeping up the trade success rate; and any losing streak hits really hard simply because the average losses are bigger than the winners.
The problem is that it is so comfortable to take small profit after small profit, generally ending the day net up. Equally, it is so difficult to forego small profits over and over, then watch them disappear. If only I had taken them! But you just have to condition yourself to do this, to allow the winners really pay for you. Then the strain is off your required success rate and any losing streak is more easily recovered. On the other side of the equation, you also have to be very disciplined on the stop loss, keep the losers small and manageable.
I do believe it is this basic challenge that makes trading so difficult for so many, and it is far more emotional/psychological than the detail of the trading system you employ. It is why the mental side of trading is so important.
1