ET has a new Thread King. Sorry @stonedinvestor that new King is @padutrader This thread is garnering almost twice as many Hits per Day as the GBA thread!
Mathematically, that is not possible. 100% is the max win-rate. You can have more than 100% on gains over time, but not rate. Oy!
does not, just look good, it is good math a small target in a high probability trade means that you will have a very high win rate. in fact in a high probability trade you can NOT have a large RR. having a small target in a low probability trade ie swing will not work. and having a small target, in a random entry trade, should work but it does not. i have tried it and got a win rate of 10%. so you cannot enter anywhere without any reference to probability and expect to make money. beginners trade a set up and lose, in long run, because of the ignorance of probability. what is worse, if they enter a trade, which by chance, has high probability,albeit without ever knowing of that existence, then they will make money and think it was the set up that did it. it was not- it was the math. and then they are hooked.to train that is heading at high speed over a cliff
be kind and tell me wtf is a index card. between the two of us, we know brooks is KING. leave it at that
no, King @schizo, brooks told me 20 years ago. he also told me i could not beat math. True but i tried. my knowledge was bad in math. or that i was not motivated to do things, in a way, that i did not like. because i did not need the money. i now need the money and so i am doing it. and making it.
i had some money so i used to trade to make big money. and lost always. so now i need some money to survive and so i try to make small money and i end up making big money. that is the irony of trading there is a lesson in there somewhere and if you find it you will benefit from my experience