March09
Swing Trading Success – A High Percentage of Winning Trades is Not the Answer
This is truly the hardest lesson to teach ANY trader. It certainly was the toughest one I had to learn. So many trading gurus out there are pitching their amazing winning streaks. Who wouldn’t be mesmerized by “90% winning trades” or “more than 150 winning trades in a row”? What they don’t tell you is that the winning trade’s profits are so small that the few-but much larger-losing trades and commissions tend to completely swallow the profits.
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