chetron
2,817 posts
msg #88112
- Ignore chetron |
2/11/2010 9:41:04 AM
@ heypa, IS THAT APPROACHING FROM ABOVE OR BELOW??????
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heypa
283 posts
msg #88123
- Ignore heypa |
2/11/2010 12:00:37 PM
Chetron.. Just for you alone. From below long. From above short.
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heypa
283 posts
msg #88124
- Ignore heypa |
2/11/2010 12:10:18 PM
Oops. For the rest of you. My secret filter approaches 100% from below.Disregard answer to Chetron.
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dickysofa
63 posts
msg #88127
- Ignore dickysofa |
2/11/2010 12:18:23 PM
thambav32
To reiterate what others have said. What you are looking for is not a 70% or better win rate but a high Pay Off Ratio (Win $ vs Loss $). Yeah, it looks cool to say you have a 90% Win Loss Ratio but it's a meaningless number. What counts is the $ you keep at the end of the day/week/month/year and that's from the Pay Off Ratio.
I'm happy with a 50% Win Loss but I want a 3.5 to 1 or better Pay Off Ratio.
All of which is to say, in trading you have to learn how to eat your young...
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chetron
2,817 posts
msg #88132
- Ignore chetron |
2/11/2010 12:39:23 PM
= )
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miketranz
956 posts
msg #88143
- Ignore miketranz |
2/11/2010 3:46:38 PM
I have to agree with dickysofa,the bottom line is,whats the profit at the end of the day.Money management separates the winners from the losers.Given the same set of instructions for a 100% win/loss ratio,most people won't follow them and end up losing money.Sound hard to believe,it isn't..........
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