BambinoFlex wrote:IgazI wrote:". . .after all, I only expect to be right half the time" - Nicolas Darvas, page 174
Keep in mind that the book is titled "How I made $2,000,000 in the stock market".
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Still digesting your previous posts (family life!)
I needed to read this. My win rate is around 40% but I’ve been able to make a large RR. I keep thinking I need to change stuff to improve my win rate but maybe I need to be a little more grateful
I've never concerned myself with such things:
I just do these things:
1) set aside full margin for your max lot size,
and do not risk any of it:
under no circumstances do I want to be forced to trade smaller.
2) the money that is not allocated to full margin is 'risk':
it is out of 'risk' that you allocate a certain amount to a particular market;
it might be helpful to create folders on your computer with the name of the market
and the money that you have allocated to it, eg GBPUSD => $1000.txt 3) scale into your max size, as profit allows.
4) take max size for a ride.
5) repeat step 1.
Step #1 is the most important step: your success is directly tied to your ability to both afford contracts as well as maximize your wins;
trading "broke" is a good way to go broke
If you do these things then, dare I say, losing is mathematically impossible.
