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You Can Be Wrong 75% of the Time & Still Be Profitable


75% - failure rate


25% - success rate


If you can stay away from trouble, even with these numbers in trading, you have a very bright trading journey ahead of you.


Is it possible ?


Yes.


How ?


21% - Target


7% - Stop Loss


3:1 - Reward to Risk


Daily / Weekly timeframe chart.


Even if you lose 3 times out of every 4 trades, you are still not in trouble.


This is assuming: all 3 trades are "allowed" to hit SL and the fourth one hits the target.


Can I as a professional trader manage my risk and cut my losses before even the trade hits my SL ?


Of course I can.


Example 1: For a positional trade, if the 50 DSMA falls between the entry price and the SL, I can use that moving average as a mental SL.


Example 2: For a swing trade, most likely, the 21 DEMA would fall between the entry price and the SL and can be used as a mental SL.


If I can limit my losses to 3% to 5% per trade and book 10% to 15% gain per trade on average on the winners, that still accounts for a 3:1 reward to risk ratio.


On top of this, if one of your 4 trades hits the target, thats a 21% gain on that position.


If you can limit your losses on the remaining 3 trades, you come out profitable at the other end.


Learn the mathematics properly.


Account for failure in your trading.


Always look at stocks with a risk first approach.


You will most likely do well in the long run.


You will increase your odds of success.


Put some thinking in your trading.


Do not do things mechanically.


Trading is an art, not a science.


Regards,


Rohit Musale, CFA


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