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WHY YOUR WIN RATE IS IRRELEVANT!Afternoon guys! quick video on WIN RATE and why having a higher or lower win rate is IRRELEVANT! Alot of traders out there like to advertise themselves having a 'High win' rate when really it IS irrelevant to how profitable you are as a trader! in this example we are reviewing ETHUSD. in the one example we have a win rate of almost 50% but only a net profit of 40%... And then we chnage our TP mode where we then have a WIN RATE of 31% but a net profit of 59%!
BITFINEX:ETHUSD
by congibb
Tesla - great example of buy on fear and sell on greed? Let seeTesla news everywhere last week with their stock price smashing through 2000. Will it keep going up I read? Shall I buy now? Is it too late to jump in now? Who know.... nobody knows. But to me, as soon as the news starts talking about it the fear and greed scenario could kick in - just like BTC at 20k? The people late to the party will jump in and then panic sell if there is a short term sell off ... potentially. Anyway, it could keep going up for sure - until we see any signs of rejection the trend is still up! What goes up - does NOT have to come down, why? Because it can keep going up first. Anyway, stick to your own plan and strategy and always focus on your risk management. Check out the book we recommend to help keep your emotions in check and trade fearlessly. Over and out. Darren
NASDAQ:TSLA
by pow_removetheguesswork