What is the right winrate for your trading? And why smaller winners are better. #199
Last week, I tweeted a poll on my Twitter account (https://twitter.com/Tradeciety) and I gave traders the choice between three trading strategies. 1. 80% Winrate and 1:1 RRR 2. 50% Winrate and 2:1 RRR 3. 30% Winrate and 5:1 RRR And although most traders gave the correct answer when looking at the numbers only, there is a lot more to choosing the right trading system than just pure money. In this week´s podcast episode, I talk about the most important concepts when it comes to winrate, reward:risk ratio, and what traders should consider in their trading. ################ My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks: ► https://tradeciety.com/academy ################ Edgewonk trading journal: ► https://www.edgewonk.com *** use discount code: tradeciety *** ################ ► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/ Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so. Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.