Sir,
Consistency and time to recover from drawdown as 2 most important factors.
Your last sentence is about that,everything else is secondary.
Tell me about stop and reverse strategies
- Thread starter IronFist
- Start date
Sir,
Consistency and time to recover from drawdown as 2 most important factors.
Your last sentence is about that,everything else is secondary.
It is very difficult to be a successful trader unless
you are able to detect and take reversal signal confidently and decisively.
If you miss reversal signal, you will most likely feel very angry/mad/frustrated.
And you are going to make unwise foolish decision with such negative emotions.
you are able to detect and take reversal signal confidently and decisively.
If you miss reversal signal, you will most likely feel very angry/mad/frustrated.
And you are going to make unwise foolish decision with such negative emotions.
Depends as per usual, in a range you could get stopped at bottom or top plus entering at the worst spot possible.
People rarely talk about current market state, trending or ranging, yet it is the key to it all.
Your reversal could be someone’s pullback trade
you are right mister. distinction between reversal and pullback (countertrend) signals
could be rather blurr.
so we have to take calculated risk and take reversal signal.
this is vague ..give me concrete numbers so that I can make sense of this comment ??
like..
75% win rate with Risk to Reward 1:1
or 80% win rate with Risk to Reward 1:0.5
Please stop spreading false hope. This simply isn’t achievable at retail level.
ok 50% win rate with average win 1/2 the size of the average loss. That better and more realistic? Lmao
as the range is 70 to 90 I will take average 80% winner
risk to reward 1:2
your expectancy is ((80*2) - (20 *1))/100 = 1.4
this system is no better than a system say
40% win with risk to reward 1:5
expectancy 1.4
so you need not necessarily have high win rate. you can arrive at the destination in multiple paths.
By the way 1.4 expectancy is pretty darn good