-1% +3% +3% +3% -1% -1% B/e -1% -1% +3% -1% -1% -1% -1% -1% -1% Current win rate 25%. Only risk 1% of TC and target +3%
So far after 16 trades (17th remains open longer term) the win rate is very low, 4 out of 16! Regardless of which, due to money management, overall tally is up +1% of capital. When I first started trading this ratio would have seemed unworthy of even considering to trade as I considered only a positive ratio to have a winning edge, but that turned out to be flawed logic, as an inverted win/loss ratio can be profitable, if one understands ranges and manages capital wisely, not saying what I am doing here is a perfect strategy, but it is unlikely to fail if one keeps following his method and adjusts it to the market behaviour. And I am no bright spark, I do not hold a degree. I observe and make my own decisions, one may not have university education, but if he is willing to commit to research, spend countless hours observing, then he will be able to understand the mechanics. One of the main reasons why there is such a disproportional rate of failure in trading, apart from absence of money management, is people keep convincing themselves that a market can't do something, but it can and will do whatever.
-1% +3% +3% +3% -1% -1% B/e -1% -1% +3% -1% -1% -1% -1% -1% -1% -1% Current win rate 23.5%. Only risk 1% of TC and target +3%
So far cash Russell had been rejected from previous daily reaction high, TA naysayers would view it as a coincidental event.