Afternoon trading March 26, page-316

  1. 1,092 Posts.
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    Daytrading/ Trading has gamble (or risk if you want to call it) in it. That's why you have to be very strict with risk management.
    Some of the most financially successful traders i have researched have win rates of under 40%. So they are wrong the majority of the time.
    If you are wrong the majority of the time then do you really know how to predict the markets??? No you don't...the proof is in the % numbers.
    You just need to make sure your losers are small and your winners are big and the profits take care of themselves.
 
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