Hi Everybody,
Here is a perfect example of why I keep on stressing that it is not the “number” but the “size” of your winners than counts
3 trades here on the 3min DAX, 2 losses and 1 winner. BUT the winner is approx 4.4x larger than the losses, so even with 2 losses at just -1R each, you are up overall, because the 1 winner was much much bigger at +4.4R (ignoring slippage and commission).
In this Industry Size does matter :)
Small losses and Big profits (not the number) is the key to successful long term trading.............
Thanks, Steve
Here is a perfect example of why I keep on stressing that it is not the “number” but the “size” of your winners than counts
3 trades here on the 3min DAX, 2 losses and 1 winner. BUT the winner is approx 4.4x larger than the losses, so even with 2 losses at just -1R each, you are up overall, because the 1 winner was much much bigger at +4.4R (ignoring slippage and commission).
In this Industry Size does matter :)
Small losses and Big profits (not the number) is the key to successful long term trading.............
Thanks, Steve
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