Quote from dejavu8:
true. a 90% win rate won't guarantee stable profit if trading as a counter-trend fader. my win rate over past 12 months is well beyond 99%. over thousands trades, only less than seven losing trades which resulted from miscalculating buying power and mistakes were non-fatal. damages were minor comparing with profit and total P/L never went red. i don't trust trend since trend can reverse any time. i don't trust price action and ACD method as well since those method are too basic in my view and the advantages from those methods in term of statistics is too minimal and far from enough to achieve high win rate. i use complex statistical modelling combining many factors to trade which has been yielding extreme stable profit since i trade oil. having said that i think price action and ACD method might be still good for beginners as first step.
Dejavu, glad to see you're doing well, and very glad to see that your leverage limits (buying power) keep you in the game over the long haul.
Win rate is very important to you and I fully understand that. Win rate was very important to me for a long time, but for me (not for everyone) that turned out to be a serious character defect that reduced my profits over the long run.
I now welcome losses because it means I'm trading my setups aggressively. It took me a long time get to this point, but the journey was well worth it because the end result is profitability many times the results I attained trying to have a perfect track record.
You've gotta dance like there's nobody watching,
Love like you'll never be hurt,
Sing like there's nobody listening,
And live like it's heaven on earth.â
― William W. Purkey
I'm right here and I love it.
