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Half your momentum trades are profitable? Is that before or after trading costs? How often and at what volumes are you trading?
by dpapathanasiou 17y ago
Half your momentum trades are profitable? Is that before or after trading costs? How often and at what volumes are you trading?
- schemer 17y agoAll I can say is that 8/10 are losers is highly improbable. Given no other information, if you enter a trade there is a 50/50 chance that the next tick is going to be up or down. But notice I said given no other information, there is much more information from the behavior of the charts. If you are a small player the charts will help you be right more than 50% of the time. The rest is how your algorithms and trading methodology take advantage of the information.
- dpapathanasiou 17y agoThat is a gross oversimplification. It also seems you've backed off your claim that 50% of your trades are profitable (if you actually trade).
- schemer 17y agoHere is something a little bit more complicated. 70-80 % win ratio. Please stop with the 8/10 losses misinformation. http://www.tradingtheodds.com/strategy-performance/ http://www.tradingtheodds.com/strategy-performance/