|
PureBytes Links
Trading Reference Links
|
Well, now, there is a statement that has a lot of "popular" support
behind it.
Why would you think it is necessary to lose over 50% of your trades?
Personally, I try to get over 65% of mine to be winners.....but I am
satisfied if I only gain a point or two on each. Contrary to established
rules, I'll take a 2.40 point drawdown. But if I enter correctly and
exit (somewhat) correctly then in my experience the drawdown is not
often hit.
I guess my question is, why would someone take a trade hoping for a
trend to develop. When after all, if one were to just try to scalp 1 or
2 points on each trade then the "hits" on success would be greater and
more often.
--PJS
Girish Patel wrote:
>
> Keep it simple. Limit your losses, let the profits run.
>
> You can't win all the time. I have heard it over and over again- YOU CAN LOSE
> 70% OF TRADES, AND STILL BE PROFITABLE.
>
> True in my short experience.
>
> Girish Patel
>
|