beginner needs advice

fish210

Newbie
1 0
looking for
1. advice on trading systems that may assist me in starting out and,

2. input on "truetrend"
 

pttrader

Active member
229 9
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
624 5
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.
 

neil

Legendary member
5,167 748
Are you selling something called "truetrend" or talking about trend lines?
 

pttrader

Active member
229 9
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.
 
 
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