Of all the stats related to trading, win percentage is one of the least significant. I can design a system that has 90% winners but it will lose a fortune. High win percentage systems typically violate the first rule of trading, let your profits run and cut your losses short. Even though I understand all that, I must say I find a high win percentage to be gratifying. Very gratifying. But it is ego gratification. That's why trading is so tough. It seduces you into things that are suboptimal but which feel good at the time.
70% is hard, but obtainable. Sometimes its 60%, sometimes I run models that bring in 50% of wins in certain market conditions. Still, very hard yet so easy at the same time. Fully objective. You can make money even at 30-40% depending on the trading system you're implementing, but I think at the end of the day the drawdown will get you. What type of systems are you employing now, if you don't mind me asking? I might be willing to drop some screenshots here ....
This is what I've been trying to exploit in this post. If you are trading and anything "seduces" you, or there is ego involved, then you aren't following a fully objective trading plan. When you are following a fully TRULY objective trading system, there can be no room for ego, feelings, seduction, temptation or other emotionally driven thought process. I personally find trading to be strangely very easy because there are zero emotions involved for me. I either take a small loss, or a fat profit based on my risk management models as well as objective stop losses and profit targets.
Okay interesting, I personally do not trade GTZ platform, not sure what that is, can you enlighten me? I do like breakouts in certain scenarios, for example if NQ futures are flying through to a new high / new low at the US opening session, but even those aren't as strong as what you could be employing. Here is my day on Friday, I could post my strategy as there is nothing proprietary about the strategy itself, but I do run it through a proprietary framework that gives me a split second edge on the strategy which ultimately increases my returns over time.
It's a very basic platform very similar to ninjatrader basically it's called gtz which stands for global Zen trader it's actually g z t not gtz they talkin to text sometimes gets ahead of itself
anyone is interested the mini s&p is up 17 and a quarter points which is real serious for a Sunday night they must be expecting a deal on China in the morning in the meantime everyone enjoy the night I'm done got my four
Yeah they're moving. I don't trust Donald Trump to follow through with any trade, he flip flops far too often. At the end of the day, I trade from a fully objective / technical analysis trading strategy, so I do not care what country takes a crap on whose shoes, its all built into price action. The rest of it is just good dinner talk
Guys - the evening market is up on China PMI news.....not the China Trade deal....which is way down the road. I suspect there is some short-covering in here too. http://english.gov.cn/archive/statistics/2019/03/31/content_281476587623072.htm This rally happened way before the Asian open...which is now ;looking strong so we may see 2860 ES by the morning. Tomorrow should be a rock n roll day just like Friday.