How many of my trades do I need to win in trading?
No professional trader wins 100% of the time. That doesn't exist. You cannot win every single time. There's got to be losing trades.
Personally, I win maybe 50% of my trades or 60% of my trades. I actually lose about a half the trades that I take. A question you might ask is "Well, how do you make money if you win half and you lose half?" Well, guess what? That's where probability comes in. When you lose - let's say you lose $100 per trade or when you win, if your winners are making twice the loser (for example: every winner is making $200 but every loser is only losing $100) if you win half your trades you're still right. You're still going to be profitable.
That's the key to understand trading - is a higher win rate is not important to become a successful trader. What's more important is that you get the most out of your winners and you cut your losses short.
Watch on Video: https://www.youtube.com/watch?v=ARqYCLED31s
Listen on RankingMastery podcast
Episode Name: How many of my trades do I need to win in trading??
We hope you learned something of value from this video. To reach Anmol Singh with livetraders.com directly goto: livetraders.com or email them at: firstname.lastname@example.org
Do you want to get discovered on the web like all or our Guests RankingMastery Podcast Goto the RankingMastery website at https://rankingmastery.com