beginner needs advice

pttrader

Active member
In my opinion you need at least 3 things to be successful in short-term trading:

1) Capitol to trade with.

2. A good system that has at least 60% to 70% win rate.

3) The discipline to follow the system
 
Last edited:

sidinuk

Established member
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

Active member
sidinuk said:
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.
 
 
Top
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock    No Thanks