HI guys
most times our race horses run backwards.
so are traders.more so novice traders.
Well there is a small correction.
I put 94 by mistake , really it is 54 percent.
are you still interested?
Once I make sure there is still some audience left, i will post it.
NOVICE traders think that there is 100% success.
the fact is
pros have success rate of 40% or less and when they make profits they make 10:1,where 10 is reward. it means 1 winner covers 9 loosers easily.
it goes how powerful is entry(is it really in line with trend?,your risk control mechanism, and how you plan and work your exits-manage or look at sky?)
With a strong trend in your favour,your risk becomes almost nil
unfortunately for a novice trader this line means nothing.
reward/risk = 10/0.005= ?
infinite
good day
most times our race horses run backwards.
so are traders.more so novice traders.
Well there is a small correction.
I put 94 by mistake , really it is 54 percent.
are you still interested?
Once I make sure there is still some audience left, i will post it.
NOVICE traders think that there is 100% success.
the fact is
pros have success rate of 40% or less and when they make profits they make 10:1,where 10 is reward. it means 1 winner covers 9 loosers easily.
it goes how powerful is entry(is it really in line with trend?,your risk control mechanism, and how you plan and work your exits-manage or look at sky?)
With a strong trend in your favour,your risk becomes almost nil
unfortunately for a novice trader this line means nothing.
reward/risk = 10/0.005= ?
infinite
good day
