That methodology, process, system does exists. In fact, it's better than a 1:1 risk/reward ratio, and better than 65%. In my personal opinion, the Holy Grail is not a system. But rather an understanding, and a process. Too many people are searching for a fixed, robotic, system to win a championship contest....the best champions have skill, process and understanding and experience, You can't get any more liquid than the S&P, the broad market index -- the Pacific ocean. Plenty of room for a Goldish...to turn into a Blue Whale, The Devil, and God, are in the details,
The best champions are booking big winners, they not looking for small 1:1 risk reward trades. They also don't care that about having a high win %. They want high expectancy.
%% Really ,are you a mind reader?? Maybe some thought running a life out on a track\ literal\ is a real dumb idea. Life is not only work + it sure is not only running oneself to death around in circle....................................
Good point,who would want to medal in 3 events at the Olympics while they could be staring at mindlessly staring at a screem/ squiggly lines daytrading..
Not really. A 1:1 RR with one trade per day will be a 100% or 0% win rate. That is simple maths. A 1:1 RR with anything over 50% win rate is profitable. But it ain't happening on one trade. Must be two trades or more.
The devil really is in the details. And you better stop RIGHT NOW about percentages, because you simply cannot seem to fathom what percentage 10606 is of 1,000,000. You are simply not qualified to speak of it. What percentage is that again?
No i meant if you can get one trade a day, so say 250 trades a year in total. If you can achieve 65% win rate over those 250 trades, with a 1:1 RR. So 163 winners and 87 losers. In which case you can bet half Kelly (15% per trade) and easily turn $10K into $1M within one year. Probably even way more than that.
Hello Millionaire, What up good buddy. I have 1 one trading rule for my trading business that keeps my mind So free and clear and here it is and gives me 6-8 hours a day of good clean sleep. Here it is. 1. I do NOT invest more than 2 minutes of my time, energy, listening skills, and mental brain into ANYONE on earth who is trying to teach me or show me or advise me how to trade rather it be FREE or a COST who does not have a manual or discretionary trading 3rd party audit track record of at least 3 years. https://kinfo.com/portfolio/19094/trades https://kinfo.com/portfolio/19094/performance Here is a trader with on 1 losing day trading the entire year. Try to keep a open mind when it comes to trading. Not everyone wants to win 40% of the time. I want to win 100% of the time, every damn day. My goal in life is to find the holy grail to my trading business. And that is to make $100 per day trading by hand or automated systems.
Oh, I see. Yes. So that is net 76 winners. On a 1:1 RR, on one ES contract, at 2 points per target, that is 7600 bux before commish/taxes. Multiply it by any number of contracts and you get the results. The only problem is going to be the drawdowns, if you have, say, 10 losers in a row. There may be a point where depending upon the contract size you choose from the get-go, you might find yourself not able to trade at 1:1 RR any longer and would have to reduce size. But the idea is sound.
I had one losing day this entire year. It wiped out an entire year of profits (2021). Keep an open mind indeed!