tmostafa007 wrote: Sun Jul 21, 2024 7:47 am
HI Curioso
This trade was a loss. Can you explain why? I thought I followed all the structures, but maybe I missed something
You should be aware of one thing:
There is no setup in the world with a 100% hit rate.
It's simply about probabilities. XARD's XU 65 has a higher hit rate than 50% and that's what it's all about.
Even if you only have 50% winners and your winning trades are 10% higher than your losing trades you will be a successful trader.
I have been trading for 7 years, do you think I have no losers?
My loss rate is 60%, but my winning trades are on average 2.5 times higher than my losses. Just so everyone understands:
60 x 1= 60
40 x 2.5 = 100
100 - 60 = 40
That means 60 USD invested, 100 USD earned.
EDIT: You could compare it to potatoes, for example: buy potatoes from the farmer for USD 60 and sell them on the market for USD 100.
If I had known this 7 years ago, the first few years would have been very relaxed.
Wish you and all forum members a successful week.
Skyold
Look at the chart of Samoth, bottom right box: (Outstanding)
post1295546251.html#p1295546251
Translated with DeepL.com (free version)
We create order out of chaos - we trade that order, but sometimes that chaos is out of order, so we WAIT!!! for the order to return - and we trade again. XARD777