Not so very long ago, RT was just a little obsessed by STRIKE RATE, the number of successful trades measured against the number of unsuccessful trades or the ratio of profitable trades to losing trades. Well whats wrong with that? Well in RTs opinion, this is a negative trait for a trader to adopt, because it causes us to 'grab' small profits, just to maintain the strike rate, when more was or is available! (From personal experience)
Take two football managers as an example:.......Last three results
Manager A. Draw, loss, draw = 2pts.
Manager B. Win, loss, loss = 3pts.
or
Trader A. £5.00, -£2.00, £5.00 = £8.00
Trader B. £15.00, -£3.00, -£3.00 = £9.00
It is nye on impossible to compare two traders trading mindset, we can only look to our own, but do you see the point I am attempting to make? For manager A or Trader A to achieve the results of Manager B or Trader B they would have to alter their general mindset, their tolerance to risk and rewrite their Trade plan.
This is not a 10 minute, overnight or week long task either, in RTs opinion.
The world, in particularly the trading world is full of opinions, some VERY COSTLY!
The opinion RT is trying give to you is to TAKE YOUR OWN ADVICE, OPEN YOUR EYES AND SEE WHEN LOOKING and FORM YOUR OWN OPINIONS!
THE ANSWERS ARE HERE, INSIDE YOUR HEAD!
Food for thought, got to go RTs boss is in need of more than his pound of flesh!
RT
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