Sir, Consistency and time to recover from drawdown as 2 most important factors. Your last sentence is about that,everything else is secondary.
It is very difficult to be a successful trader unless you are able to detect and take reversal signal confidently and decisively. If you miss reversal signal, you will most likely feel very angry/mad/frustrated. And you are going to make unwise foolish decision with such negative emotions.
Depends as per usual, in a range you could get stopped at bottom or top plus entering at the worst spot possible. People rarely talk about current market state, trending or ranging, yet it is the key to it all.
you are right mister. distinction between reversal and pullback (countertrend) signals could be rather blurr. so we have to take calculated risk and take reversal signal.
this is vague ..give me concrete numbers so that I can make sense of this comment ?? like.. 75% win rate with Risk to Reward 1:1 or 80% win rate with Risk to Reward 1:0.5
80 to 90 win rate with an occasional drop into the 70’s. Average win at least twice the size of the average loss.
ok 50% win rate with average win 1/2 the size of the average loss. That better and more realistic? Lmao
as the range is 70 to 90 I will take average 80% winner risk to reward 1:2 your expectancy is ((80*2) - (20 *1))/100 = 1.4 this system is no better than a system say 40% win with risk to reward 1:5 expectancy 1.4 so you need not necessarily have high win rate. you can arrive at the destination in multiple paths. By the way 1.4 expectancy is pretty darn good