there are a few things i have come to learn over my extended 3 month career as a trader and i thought i would share these seemingly impossible yet true items with those behind me on the learning curve. 1. take a stock that start at T0 (time zero) and look at it in relation to where it finishes at T+1. seemingly its going either up or down to end at T+1. nothing else. just up or down. from the T+1 perspective there was a 50/50 chance of getting the right answer. you would think you have a break even chance when placing a trade. wrong. i have a long string of trades that result in a less than 40% win rate. 2. take a stock that start T0 at $100 and finishes at T+3 at $110. seems that would be an easy 10% gain. wrong again. i can show you that i bought at $100, it went down, i got scared and so i sold it at a low at T+1 and then it started to rally so i bough it again at the high at T+2 only to have it come back down to$110 for not just one loss but two 3 an 80% win rate does not mean you make money. if 80% of your trades are winners for 3 ticks and 20% of your trades are losers for 20 ticks then you still lose. ask me how i know i write this now on a euphoric high as a result of hopefully taking a step in the right direction. my YM trades today were: 11 of 13 winners with an average run of 6.5 ticks, 1 break even, and one 19 tick loss. i know there is room for improvement and i hope i can keep this up over time. one day does not a trader make. im just wondering as i a progress if the markets hold more twisted paradoxes for me to discover.