“It’s not whether you are right or wrong, but how much you make when you are right and how much you lose when you are wrong”. This quote from George Soros sums up perfectly what trading is all about. Beginner traders don’t want to experience the pain of loss, so they search for trading systems that have high percentages of success and regard the win rate as an important metric. Well, the win rate it totally irrelevant. You can be profitable with a 30% win rate and unprofitable with an 80% one. How? Well, if you have 8 small winners and 2 big losers, you might end up at breakeven or even down. Risk management is key here. Most successful traders are right on half or a bit more of their trades
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