Can Anyone Be Successful In Trading.... With Only About 50% Win-Loss Rate?

sle · Jul 14, 2017

So, oddly enough, we actually agree. I did not realize people agree with each other on this forum

Mtrader said:
My point is that winning rate on its own is irrelevant. You need additional info like average win or average loss.
In short: the title of this thread makes no sense.

Low winning rate is very possible too.So "high winning rate is the only way to go" is wrong.
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Mtrader · Jul 14, 2017

sle said:
So, oddly enough, we actually agree. I did not realize people agree with each other on this forum
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Yes, probably a mistake from us. I will reread the postings again... maybe we can disagree later...

murray t turtle · Jul 14, 2017

Sprout said:
A practical approach would be to only participate in high pace directional moves and exit when volume decreases.

Those moves provide the highest win rate.
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%%
[1st]GOOD TREND practical comment Sprout;
and that is one reason why most swing/position traders dont aim for hi % win rate first.Plenty of profitable trends are not high paced......

nakachalet · Jul 16, 2017

Alpha Trader said:
Hey @volpri thank you for the in-depth meaningful commentry. I will try and respond the best I can as kids are on summer break and there's a bunch going on at the same time ....

In short, most first moves will be opposed, have a short lasting, weaker momentum, unclean trajectory etc. until previous prices have been tested.

@NoDoji

could you pls provide references or sources
where NoDoji's quote could be found....

was a very strong propagator of "the second mouse gets the cheese". The wisdom in this is to allow the noise to be consumed and trapping early entrants, all the while retaining ones valuable mental, emotional and physical equity for the next phase, which most times is when the payout comes in.

by the way, where is @NoDoji?

I posted the question to Baron but
neither did he know where our trading
friend and comrade is at the moment. She surely was here a few years back, when I visited. Thx for your forthcoming response.

The entry here is executed purely based on your strategy and rules, which over an x number of trades has probably shown you that it works. The advantage here is that you leave very little to your emotion, all the way executing like a tried and tested algo. This is great as it increases your odds and with the lack of emotional strain, the stress level is low. The disadvantage is that the R:R ratio is getting very skewed for a discretionary trader.

If I am correct (as mentioned in your post), you are aiming for 3 points max, while your risk is 4.5 points right?.

Does that mean the trader wasn't at all
sure about the strength of the entry....
therefore leaving a large gap for, just in case per chance....?

If that is the case, then you are highly depending on your win rate being higher and having entries that are high probability. Should you include a good R:R entry into your system, I think it would very positively benefit you, as you could get you R:R to 1:4/1:5 at worst and at over 1:10 a decent number of times during the day. There is a whole different system to that and hopefully I can get into that later sometime during the week, if you're interested.

Hope you enjoy your day
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nakachalet · Jul 16, 2017

Mtrader said:

My point is that winning rate on its own is irrelevant. You need additional info like average win or average loss.

In short: the title of this thread makes no sense.

Low winning rate is very possible too.So "high winning rate is the only way to go" is wrong.
More...
=========

@Mtrader

greetings

the title is intended to entice traders
to think and ponder, what are involved
in the title?

you are definitely an avid deep thinker
to start out with, at the very least.

well, you are very welcomed to
suggest an alternative for better
definition....?

pls proceed, trading friend.

and thx much.

Alpha Trader · Jul 20, 2017

Second mouse ref: https://www.elitetrader.com/et/search/6677279/?q=second+mouse&o=date&c[node]=24

Look a little further down the page and there are 2 references. This was just a quick scrappy search contained within only this forum portion, but if you go searching, you will see her mention it many times.

Does that mean the trader wasn't at all
sure about the strength of the entry....
therefore leaving a large gap for, just in case per chance....?

It just means that the trader had an inclination to enter the trade in the said direction based on his/her statistical research which has shown positive expectancy, ONLY if the stop is kept wide enough. They may also have had an indication, which could be any number of things, which may have prompted their action.

When it comes to intraday trading, the thought process can be very intensive and each setup is dealt with accordingly on an individual basis. For this reason, decisions can be changed in rapid succession at every price point approached (or for that reason, not).

Most times, this is a very gray area, but to the individual themselves, even if explained to the other party in detail.

Carlll · Jul 27, 2017

I could even say that as much as 50% of the earnings on forex are a big rarity or are related to myths. Even 30% can be considered good and an excellent indication. Anything higher I believe is just bs for newbies.