If my take-profits are 2x what my stop-loss is... Then it is 2x as likely to hit the stop-loss first. Thus, it breaks even. That's how I see it.
This is an old argument played out on ET numerous times over the years. First off, I would not recommend starting off as a new trader daytrading. 2nd, if you are playing in an arcade games, are you predicting an outcome or reacting to events which cause you to pull the trigger?
You do not have to do anything. We only react to your assumption that you stated here, that we know are not true for traders. Just wanted to help.
I was here several weeks ago, and I decided that there is no way that I currently know to reliably make a profit with trading. I have deleted all of my apps. I was just thinking about it today when I was looking at how recent news is what is moving markets. Not moving averages or RSI Etc. If I could find any way to even get a slight edge above 50%, then I could form a strategy around that and find a leveraged way to trade that strategy.
Watch these 4 videos if mildly serious about trading, someone on ET (forgot who) posted this a little while ago, thanks to them, it is good value. You don't even need 50% win rate.
because if you play roulette your odds are < 50% and you can not change it. If you trade you are able to make your odds more than 50%. Even 51 % in your favour may be enough to succed