Traders Favorite Decision Tools - 1

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Jai Mata Di

Well-Known Member
#11
We must know one real life fact, even most successful coin tosser like Dhoni faced a prolong bad patch when he lost 27 tosses out of 30. He revealed that fact recently when some one called him lucky after winning a toss. :lol:
There is no luck in coin tossing when we tossed a coin 1000-10,000 times. Same with trading when we trade continously again & again.

How many traders can survive of such longest loosing steak which come at some point of a traders life in real life trading?
Most of traders failed in the long run bcoz, money management, risk management, position sizing and risk to reward ratio are more important factors than simple win vs lose ratio using various methods.

Best Wishes & Happy Trading.

H.C.
 

lemondew

Well-Known Member
#20
Reposting this question here someone using Advance/Decline ratios and Put/call ratios. Can you kindly explain how these indicators can be used.