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

  #19 (permalink)

Philadelphia PA
 
Trading Experience: Intermediate
Platform: Investor RT
Broker/Data: Stage5
Favorite Futures: FGBL
 
KatieD's Avatar
 
Posts: 7 since Aug 2016
Thanks: 3 given, 18 received


dom64 View Post
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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indeed....... what I stated was specific to what I have built my own trading process around. An "edge" can come in different forms. My main point is, I think you have to have some other objective than just be profitable. I think you have to define for yourself why you expect to be profitable and make that your goal. Being profitable in and of itself does not mean anything. It could be one lucky over leveraged trade..... which is no positive expectancy at all.

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