It really is.
W/L has to net out positive, whether with a high hit rate/low profit, vice versa or somewhere in the middle. Being right is secondary, if that.
How do you fight with this?
- Thread starter trader1974
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W/L has to net out positive, whether with a high hit rate/low profit, vice versa or somewhere in the middle. Being right is secondary, if that.
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LOL tough question.
. Actually one can toss[differs from flip] a coin+ gets heads a bunch. But even the simple solutions, noted some of which are battle tested are a bit harder.
It's a good thing for me, i could discern it was the truth === ''don't quibble over quarter + miss the move''=IBD Founder....................................................................................
Buy high, sell higher. Sell low, buy lower.
You are doing the "Buy low , Sell high" mentality, to the point of failure.
Likewise, STOP mixing up your time frames. There is the time frame of the trade and the time frame of the entry and exit. There is a difference between a trend and a shorter term, pulse-climax or pull back-retrace, and all within the trend.
Remember Noise is NOT your friend.
You are doing the "Buy low , Sell high" mentality, to the point of failure.
Likewise, STOP mixing up your time frames. There is the time frame of the trade and the time frame of the entry and exit. There is a difference between a trend and a shorter term, pulse-climax or pull back-retrace, and all within the trend.
Remember Noise is NOT your friend.
Learn "Price TA"... odds will be better than 50/50 on all trades.
That could be. I didn't see OP's post because I have him on ignore.
Idunno, kinda the same thing. I don't know about "straight" up/down, but.... if it's going to go up, you wanna correctly buy, right? and vice versa.
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OK;
actually that can be key, since its not about prediction.
Or in other words ''noise is not your friend ''............................................
In retrospect of course.
