There are times when you can be in the 'zone', when W:L hits higher then 80%. And that doesn't imply holding through drawdowns intraday. Your literally riding the waves, on both sides of the trade.
Then out of the blue a huge order gaps down your position, then trying to be perfect prevents you from exiting the trade as you should.
Then a 30% return on equity in 24hrs turns into 16% or 4%, when the trigger is finally pulled to exit. So for some people trying to win is more important psychologically then trying to make money.
This is one of the major impediments to a trader early on. And usually the orderflow probability dictates is directionally oriented. Meaning if your up a significant amount in a session and most of it was from being long, then as the session progresses one has to switch to directional trading versus both sides, to minimize smack downs.
Then out of the blue a huge order gaps down your position, then trying to be perfect prevents you from exiting the trade as you should.
Then a 30% return on equity in 24hrs turns into 16% or 4%, when the trigger is finally pulled to exit. So for some people trying to win is more important psychologically then trying to make money.
This is one of the major impediments to a trader early on. And usually the orderflow probability dictates is directionally oriented. Meaning if your up a significant amount in a session and most of it was from being long, then as the session progresses one has to switch to directional trading versus both sides, to minimize smack downs.
