You may be 80% and making profit, but this is horrible risk management, and you're going to crash and burn.
90% lose rate this month....fortunately money management has kicked in...only down 70 basis points overall.
hmmm. hoodooman posted sooo many postings. Only those with about 60% success rate are worthy and priceless. Those exceeds 80% success rate are very good system to zero out your trading account. surgeons must improve the success rate so that there is less death. lawyers must improve the successs rate to have more wins. archers must improve the success rate and hit centre all the time. trader is probably the only profession where the more you improve the success rate, the more you lose. Also if you hear 'THERE WERE NO LOSER', you'd better run far far away ! __________________
ROFLMAO When you think you have really seen everything on ET, something new, more spectacular, pops up. ET is really for the ELITE traders. I will make a few losses today to lower my success rate and reduce the risk of being wiped out.
Hey i have a 85% success rate when I'm trading well for weeks. Then i lose the plot and it becomes a 15% success rate, when i start trading against my system doh!
It should be clear to anyone with experience that what maxinger is referring to is that a high win rate doesn't necessarily equate with good trading performance. Winning $1 for 99% of all trades and losing $100 on the other 1% is a failed trader despite having a high win rate.