How do you guys deal with this?....Intraday trading = gambling | Traders Hideout


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How do you guys deal with this?....Intraday trading = gambling

  #18 (permalink)

London, UK
 
Trading Experience: Master
Platform: sierra chart, Jigsaw Trading, Bookmap
Favorite Futures: 6E futures, Cable
 
Posts: 93 since Aug 2012

On a side note, it is always a good idea, in my view, not to pay too much attention to stats when it comes to success: I tend to have a 80% ish more or less win rates with a number of small but decent wins over a lesser and smaller number of losses and that works out as being on average profitable on a daily, weekly, monthly, yearly basis. One could have a 80/20 win ratio and still not be profitable as loosing traders are much larger than wining trades... or have a 20/80 win ratios with many more very small loosing trades and fewer very large winners. Sorry for stating the obvious here but again, it is all down to what works for you and not about the norm, the stats, etc.


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