Pttrader you mention that you need at least 60% to 70% win rate to be successful but what about the win/loss ratio? Quoting one without the other is completely meaningless.
Pttrader you mention that you need at least 60% to 70% win rate to be successful but what about the win/loss ratio? Quoting one without the other is completely meaningless.
Of course. Your wins must total more than your losses or any win ratio means nothing. You could theoretically have 99% wins and 1 loss that would completly wipe out all your gains. I didn't specifically address the win/loss factor because I was speaking in very general terms and consider that factor to be under discipline (cut your losses) and I did mention that.