|
Re: Can anybody recommend some charts that are about 80% accurate.
I can easily show you an 80% win rate going for 1 tick (on most days) and risking 50. Some days, that one tick doesn't happen though, so you might have a large loser or two. But, if we can get that 1 tick most of the time, we'll hit that 80%+ win rate.
Still interested?
If so, it's time to read some basic trading books.
Win rate is ONE part of trading and depending on how you trade, you CAN make money even if you 'lose' more than 'win'. Today was a good example for me - I had a win rate of approx 45% (means I lost 55% of the time) and grossed over 10 ES pts today. Of course, it takes some balls of steel at times to know that you may lose more than you win in terms of percentages; however the winners are larger than the losses in terms of points (and cash) and in my mind, that's all that matters.
I'll be the first to admit though that when I first started trading, I was all about finding a win % like this post here. It really isn't about that all depending on how you trade.
__________________
Click here to donate to my 2008 Leukemia and Lymphoma Society donation page. Each year I do a fundraiser for my significant other's family as she lost her father to blood cancer. Please consider a donation, regardless of big or small and help this worthwhile cause.
|