So on a blog I stumbled on the results for last month's FXCM King of the Mini. For those who don't know every month FXCM offers monetary awards to the top 5 achievers regarding percentage gain.
The 1st place was won by a guy who only placed 12 trades in the whole month. 2 losers, one breakeven and the rest winners. Total percentage gain was 417%. Here's the statememt link http://www.fxcm.com/mini_trading_acc...inner1-may.htm.
Ok I know the guy was risking way too much to achieve this high percentage but it got me thinkering with the idea of how one's trading would be changed if it would take fewer but better trades. In what sense better? Well one idea would be Reward:Risk ratio is a lot more higher than usual, I would say above 5:1 AND the probability of the trade outcome to be positive being high also - high probability in this R:R ratio would be a little below 50% and above. No I don't know such a system
:! But a system like this would surely give fewer signals than a usual one. And yet again patience is proved to be a very valuable asset to have, standing aside is as important as being in the trade. Less is more! 
What do you people think? What lesson would you learn from this guy's trading style?
The 1st place was won by a guy who only placed 12 trades in the whole month. 2 losers, one breakeven and the rest winners. Total percentage gain was 417%. Here's the statememt link http://www.fxcm.com/mini_trading_acc...inner1-may.htm.
Ok I know the guy was risking way too much to achieve this high percentage but it got me thinkering with the idea of how one's trading would be changed if it would take fewer but better trades. In what sense better? Well one idea would be Reward:Risk ratio is a lot more higher than usual, I would say above 5:1 AND the probability of the trade outcome to be positive being high also - high probability in this R:R ratio would be a little below 50% and above. No I don't know such a system
:! But a system like this would surely give fewer signals than a usual one. And yet again patience is proved to be a very valuable asset to have, standing aside is as important as being in the trade. Less is more! What do you people think? What lesson would you learn from this guy's trading style?
-soso
