ALERT TRADERS!!!!! Did you know that you don't have to have a high win rate to be profitable??
Why you ask? Risk vs Reward will keep you in profit. This is where you aim for your trades to make 2x or more what you risk. Example: Risk ($100) & Reward ($200+). Some of these trades will result in 3x or more that is ideal, but when you have strong money management like this you will be able to remain in profit with out having a high win rate. Try it out. If your trade will get you 2x or more your risk then that should give you more reasons to take it as long as you have a price action signal to go along with it and it is well formed then you are set to go.
Why you ask? Risk vs Reward will keep you in profit. This is where you aim for your trades to make 2x or more what you risk. Example: Risk ($100) & Reward ($200+). Some of these trades will result in 3x or more that is ideal, but when you have strong money management like this you will be able to remain in profit with out having a high win rate. Try it out. If your trade will get you 2x or more your risk then that should give you more reasons to take it as long as you have a price action signal to go along with it and it is well formed then you are set to go.