86% win ratio. Would have been 100% but I didn't want to leave trade open when I went to bed.
1.5% drawdown.
I suppose real trading will be different!!!
1.5% drawdown.
I suppose real trading will be different!!!
Oct 16 2015 at 22:04
Nobody wins 100% over the long haul. Top money managers are happy with a 60-70% win rate. They know that limiting risk and letting profits run will allow for an excellent return.
I started a thread for new traders in the hopes of helping those new to forex:
https://www.myfxbook.com/community/new-traders/new-traders-beware-easy-road/1039956,1
Come on over and ask any questions you may have!
Cheers
Steve
I started a thread for new traders in the hopes of helping those new to forex:
https://www.myfxbook.com/community/new-traders/new-traders-beware-easy-road/1039956,1
Come on over and ask any questions you may have!
Cheers
Steve
Don't run after 100% profit. It's not possible.
For now you where just lucky.
Plan your trades carefully do not base them on your emotions...
Trade your plan!
For now you where just lucky.
Plan your trades carefully do not base them on your emotions...
Trade your plan!
Oct 19 2015 at 13:54
Dont get to hung up on win ratio,as long as your winning trades are bigger than your lossing trades,you can have a 40% win ratio and still be in profit.True professional traders do aim for 70% no less,2% loss on a retail trade,5% on a portfolio ,mess up on risk management and your security card gets deleted during lunch break.
Be lucky!
Be lucky!
"They mistook leverage with genius".
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
Oct 27 2015 at 07:20
smartdog9 posted:
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
the key is to remain neutral with wins and losses.
"They mistook leverage with genius".
Oct 29 2015 at 12:26
snapdragon1970 posted:smartdog9 posted:
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
the key is to remain neutral with wins and losses.
Agreed!
Positivity
Oct 30 2015 at 12:21
snapdragon1970 posted:smartdog9 posted:
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
the key is to remain neutral with wins and losses.
I agree with this. If you just counting on your win/lose ratio, you might get yourself full with pride, which is not really good for a trader. Remain neutral and never stop learning. Your loss experience is your best teacher. As long as you willing to learn how to be profitable, you're a good trader.
Oct 30 2015 at 14:36
JenalAripin posted:snapdragon1970 posted:smartdog9 posted:
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
the key is to remain neutral with wins and losses.
I agree with this. If you just counting on your win/lose ratio, you might get yourself full with pride, which is not really good for a trader. Remain neutral and never stop learning. Your loss experience is your best teacher. As long as you willing to learn how to be profitable, you're a good trader.
really wise coment
Oct 31 2015 at 07:30
JenalAripin posted:snapdragon1970 posted:smartdog9 posted:
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
the key is to remain neutral with wins and losses.
I agree with this. If you just counting on your win/lose ratio, you might get yourself full with pride, which is not really good for a trader. Remain neutral and never stop learning. Your loss experience is your best teacher. As long as you willing to learn how to be profitable, you're a good trader.
wisdom
Take Challenges Head On
