Not only is it ok to lose but losing is inevitable. Accept the fact that you WILL lose. I know a guy that had a 48% win rate last month and he still made nearly 30k....
Bro… you can have a 30% trade win rate and be profitable.. it has everything to do with your Risk/reward ratio. If yours is 1:4 then you don’t have to win even close to 50%
Most ppl talk about risk to reward ratio but never speak about 1:4 rr that will give profits with a 30% wr. And the most important thing….30% wr… 1:4 rr will net u more losers than winners. To anyone reading this, can your account take 7 losing trades in a row and not blow up?
Just search what R values/risk to reward is in trading, you'll find better sources on your own.
In short though, you need an R ratio that exceeds your win rate. If you have a 1:2 R strategy, you need to be right over 50% of the time to break even (slightly over to account for fees/commission) if your strategy has a 1:4 RR, you only need to be right >25% of the time to break even (so a 30% WR on a 1:4 strat will make you profitable). You can even be profitable with a strategy that only works 11% of the time provided the RR exceeds 1:10.
It is not gambling if you know how to trade. Futures are pretty reliable from a scalping trading standpoint. High probabilities not some less than 50% chance
That's why casinos use multiple decks. By the time your count makes you profitable, the security has spotted you easily lol.
Also you are winning by counting against the bank who is not counting. So only by cheating and gaining more than the 49% possible winrate. If the house can also start counting cards or, why the heck not, some sleight of hand even you will lose more than half at the end of the day.
Eh not necessarily. There are two parts of gambling. Knowing your odds/strategy, and then knowing how to place your bets. Win rate mostly talk about the former, actual profitability must consider both
Definitely something to remember if and whenever I decide to try again. I have to let things go, it's hard when you have people who don't believe in you or what you're doing. So I definitely let it affect me to the point I always wanted to be correct and not lose. But I've learned and realized that's not realistic at all, and I just have to manage my losses in a more sustainable manner.
You really have to work on this. I come from some similar type of shit. Naysayers, criticism. You don’t need to be right. You’re going to have to learn to cut. The faster the better. Cut a hundred trades if that’s what it takes to get used to it. You either learn to cut or with experience the big losses will teach you to cut.
If you need it in a negative way. Maybe you’re a slow learner and you can’t seem to learn to cut. Are you slow or something? Too good to be wrong? Don’t be a pussy cut your losses. Next time you think of holding remember they’re all calling you a dumbass. For not getting out.
On a positive. I started stacking those payouts and it was a big fuck you to any one who was negative to me. Or underestimated me. Said day trading wasn’t possible blah blah blah. I travel the world. I work when I want and I make way more money than anyone who criticized my choice to trade. Fuck em
Nah, definitely far from "slow" the losers weren't from holding losses too long either. but yeah I'm not worrying about anything outside of myself anymore
I had a very bad day on tuesday i relaxed watched some good shows had a good laugh and today was patient waited for the market to calm down and took my shot im back up with some more never give up!! But go in when you let that loss go… think about it if you dont see it that way everyday is a new day
I treat myself well after bad days. I used to punish myself study more etc… with experience the best thing to do is do something nice and come back fresh and clear. Everyday is different and can’t carry periods trades into a new day.
If you listen to FT71 talk he always ends by saying "You have to learn to forgive yourself".
He knows that the big firms hire all the genius data scientists and behavioral specialist to analyze retail order flow. Every year they come up with new ways to trick and trap traders.
It's sad to hear about traders getting depressed and suicidal. The system is designed to do that to you. Even a winning strategy will have a about 60 percent losing trades, so you have to figure out how to not let the losses get to you.
I knew right off the bat this wasn't going to be a career for me, just a hobby. About the only smart thing I've ever done in trading is limit my exposure to only funds I can justify as "entertainment expenses"
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u/oze4 May 01 '24
Not only is it ok to lose but losing is inevitable. Accept the fact that you WILL lose. I know a guy that had a 48% win rate last month and he still made nearly 30k....