Be a Losing Trader and Still Win at Making Money

As a day trader, there is no way to be right all the time and losses are inevitable. But, with proper trade management, one trader s loss could be another trader s win.  So, how right do you have to be? Traders with a very high win percentage make more than those with a small one right? It sounds logical Of course, a trader that wins a bigger % of trades makes more money. THINK AGAIN! Let s say Trader #1 wins 90% of his trades. Bravo Trader #1! What a sharp chap right? And Trader #2 by comparison only wins 30% of his trades. What a loser! In which one would you like to invest? If you answered right away and said #1, please pay VERY CLOSE attention to the rest of this post. For those of you who replied, you can t tell . Bravo! The question I posed was very much a trick question. It s like asking if someone jumps off a ledge will they die? . Right away you know there is a BIG piece of information missing: HOW BIG IS THE LEDGE? In our two traders cases, there was some significant data
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