If I Was a Trader, I’d be the dumbest Trader on Earth

How would 'Also depends on my win rate average gain loss' factor in?

 

If my goal is to make $20k a year, how many trades would I need to do

 

With futures, technically, just one.

 

I'm still trying to understand how 'Also depends on my win rate average gain loss' factors in.
What am I missing?

 

If my goal is. 20k a year, and my average win is 1k, and my win rate is 100% I onky need 20 trades a year. If my win rate is 25% and my average win is 5k and my average loss is 4K, I need a lot more trades (too lazy to do the math on scenario #2. )

I dunno. Right now, I feel like I trade when I see something worth trading. Right now, not much.

keep in mind, I’m a blind man when it comes to trading. Still struggling to formulate my ideas. I move slow

 

Sounds like if you could spin off 20K over the next year on 2 hours a day 4 days a week you'd consider that progress.

 

For sure

 

How do you want to size your trades?

 

The way I size the few trades I’ve done, is I look at where my stop is, and the number of points that is my max loss per share divided by 1% of my trading capital determines how many shares I buy.

 

What products are you looking at these days in general?